It is understood that following a strong growth of 26.2% in 2021, WSTS lowered its forecast to a single-digit growth in the global semiconductor market in 2022, with a total size of US$580 billion, an increase of 4.4 percentage points.
The WSTS forecast lowered its growth forecast. While some major categories are still expected to post double-digit year-over-year growth in 2022, with analog growing 20.8%, sensors growing 16.3%, and logic growing 14.5%. Memory is expected to turn negative in the forecast, down 12.6% year-over-year.
Driven by the memory segment, the global semiconductor market is expected to decline 4.1% to $557 billion through 2023, driven by rising inflation and weaker end-market demand, impacting consumer spending. In the forecast, this category is expected to drop to $112 billion by 2023, down 17% from the previous year. Several other major categories showed single-digit growth, such as optoelectronics, sensors, discrete and analog.
All regions are expected to be flat through 2023, with only Asia-Pacific expected to decline by 7.5% year-over-year.
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