The semiconductor industry posted sales of $338.9 billion (+1.1 percent) in 2016, according to the Semiconductor Industry Association (SIA).
Semiconductor industry sale was $93 billion (+12.3 percent) in fourth quarter of 2016.
The semiconductor association is expecting modest growth in 2017 and beyond.
Gartner earlier said the worldwide semiconductor revenue totaled $339.7 billion in 2016, a 1.5 percent increase from 2015 revenue of $334.8 billion.
Intel, Samsung Electronics, Qualcomm, SK hynix, Broadcom, Micron Technology, Texas Instruments, Toshiba, NXP and MediaTek are the top 10 semiconductor companies globally, according to Gartner.
“Growth was driven by macroeconomic factors, industry trends, and the increasing amount of semiconductor technology in devices the world depends on for working, communicating, manufacturing, treating illness, and other applications,” said John Neuffer, president and CEO, Semiconductor Industry Association.
Logic was the largest semiconductor category by sales with $91.5 billion in 2016, or 27 percent of the total semiconductor market.
Memory ($76.8 billion) and micro-ICs ($60.6 billion) – a category that includes microprocessors – rounded out the top three segments in terms of total sales.
Sensors and actuators was the fastest growing segment, increasing 22.7 percent in 2016.
The size of NAND flash memory was $32 billion (+11 percent).
Digital signal processors reached $2.9 billion (+12.5 percent).
Diodes reached $2.5 billion (+8.7 percent).
Small signal transistors totaled $1.9 billion (+7.3 percent).
Sales from analog were $47.8 billion (+5.8 percent).
Sales increased 9.2 percent in China, while Japan achieved 3.8 percent growth.
Asia Pacific / all other fell 1.7 percent, Europe dropped 4.5 percent, and Americas dipped 4.7 percent in 2016.
Research agency Gartner earlier said semiconductor revenue is forecast to total $364.1 billion (+7.2 percent) in 2017 as compared with 1.5 percent growth in 2016.
Emerging areas in the semiconductor industry to watch for in 2017 are the industrial, automotive and storage markets. The slow-growth outlook for traditional applications such as smartphones and PCs highlights the importance of semiconductor markets outside of these categories, notably the IoT.
