WSTS: Semiconductor market to grow 13.9% in 2022, and 4.6% in 2023
As per the latest semiconductor market growth report from World Semiconductor, there is no immediate fear of slump in chip market. Amid the news stories of building up of chip inventory by some of the chipmakers, World Semiconductor Trade Statistics (WSTS) organisation expects global semiconductor market increased by 13.9% in 2022 to reach $633 billion, and to grow by 4.6% in the year 2023.
After witnessing a very good growth of 26.2% in 2021, there was a fear of cyclical low approaching as early as 2023.
WSTS sees a strong chip demand for another consecutive year, where it says "with most major categories expected to see high teens year-over-year growth in 2022, led by Logic with 24.1 percent growth, Analog with 21.9 percent growth, and Sensors with 16.6 percent growth. Optoelectronics remains the weakest category in the forecast and is expected to be roughly flat (+0.2 percent) year over year."
Geographically WSTS sees growth in all regions In 2022, with the largest growth coming from Americas growing at 23.5%, Asia Pacific at 10.5% with largest share, Europe at 14.0%, and Japan 14.2%.
The Semiconductor growth in 2023 to drop to single digit of 4.6% to reach US$ 662 billion with the growth forecasted nearly in all categories and all regions. WSTS forecasts the Logic category to reach US $200 billion in 2023, roughly 30% of the total market.
Author: Srinivasa Reddy N