The global semiconductor market is expected to achieve 16 percent growth in 2024 to reach $611 billion compared to the previous year, the World Semiconductor Trade Statistics (WSTS) said in its latest forecast.
The revision, as part of the adjusted Spring 2024 forecast from WSTS, reflects stronger performance in the last two quarters, particularly in computing end-markets.
The size of semiconductor market in the Americas will be $168.062 billion in 2024 and $192.941 billion in 2025.
The size of semiconductor market in the Asia Pacific will be $340.877 billion in 2024 and $382.961 billion in 2025.
For 2024, mainly two Integrated Circuit categories are anticipated to drive the growth for the year with double digit increase, Logic with 10.7 percent and Memory with 76.8 percent. Other categories such as Discrete, Optoelectronics, Sensors, and Analog Semiconductors are expected to experience single-digit declines.
The Americas and Asia Pacific regions are projected to achieve growth of 25.1 percent and 17.5 percent, respectively. Europe is expected to report growth of 0.5 percent, while Japan is forecasted to see a decline of 1.1 percent.
In 2025, WSTS forecasts a 12.5 percent growth in the semiconductor market, reaching an estimated valuation of $687 billion. This growth is expected to be driven primarily by the Memory and Logic sectors, which are on track to soar to over $200 billion in 2025 each, representing growth of over 25 percent for Memory and over 10 percent for Logic from the previous year. All other segments are anticipated to record single-digit growth rates.
In 2025, all regions are poised for continued expansion. The Americas and Asia Pacific are expected to maintain their double-digit growth.
