WSTS releases updated semiconductor market forecast for 2022

The World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in August 2022.

SAN JOSE, California — The Worldwide Semiconductor Market is expected to increase 13.9 percent in 2022, continuing to grow by 4.6 percent in 2023.

Following a strong growth year of 26.2 percent in the year 2021, WSTS expects another year of double-digit growth for the worldwide semiconductor market in 2022 with a forecast of $633 billion, up 13.9 percent.

WSTS forecasts strong chip demand for another consecutive year, 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.

In 2022, all geographical regions are expected to show growth. The largest region, Asia Pacific, is expected to grow 10.5 percent. The Americas are expected to show growth of 23.5 percent, Europe 14.0 percent, and Japan 14.2 percent.

Worldwide Semiconductor Market growth is expected to grow further in 2023

For 2023, the global semiconductor market is projected to grow by 4.6 percent to US$ 662 billion, driven by mid-single digit growth of nearly all categories. In this latest forecast, the Logic category is projected to reach US $200 billion in 2023, roughly 30% of the total market.

All regions are expected to grow in 2023.

                                   Amounts in US$M   Year on Year Growth in %
                         -------------------------  -------------------------
Spring 2022 Q2 update       2021     2022     2023     2021     2022     2023
-----------------------  -------  -------  -------  -------  -------  -------
Americas                 121,481  150,064  157,302     27.4     23.5      4.8
Europe                    47,757   54,451   56,203     27.3     14.0      3.2
Japan                     43,687   49,880   52,374     19.8     14.2      5.0
Asia Pacific             342,967  378,843  396,481     26.5     10.5      4.7
Total World - $M         555,893  633,238  662,360     26.2     13.9      4.6

Discrete Semiconductors   30,337   33,408   34,662     27.4     10.1      3.8
Optoelectronics           43,404   43,500   45,120      7.4      0.2      3.7
Sensors                   19,149   22,319   23,184     28.0     16.6      3.9
Integrated Circuits      463,002  534,010  559,393     28.2     15.3      4.8
 Analog                   74,105   90,338   96,116     33.1     21.9      6.4
 Micro                    80,221   84,974   87,993     15.1      5.9      3.6
 Logic                   154,837  192,182  207,791     30.8     24.1      8.1
 Memory                  153,838  166,517  167,494     30.9      8.2      0.6
Total Products - $M      555,893  633,238  662,360     26.2     13.9      4.6

Note: Numbers in the table are rounded to whole millions of dollars, which may cause totals by region and totals by product group to differ slightly.