WSTS projects a 16% y-o-y growth in the semiconductor market to reach $611 billion this year.

For 2024, mainly two IC categories are anticipated to drive the growth for the year with double digit increase, Logic with 10.7% and Memory with 76.8%.

Conversely, 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 see significant growth, with increases of 25.1 percent and 17.5 percent, respectively. In contrast, Europe is expected to show marginal growth of 0.5 percent, while Japan is forecasted to see a slight decline of 1.1 percent.

Semis to grow 16% this year, says WSTS

Looking ahead to 2025, WSTS forecasts a 12.5% growth in the global 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 an upward trend 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 on a year-over-year basis.

By: DocMemory
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