Growing trend for the semiconductor market

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The worldwide semiconductor market was up 1.1% in 2016 to US$338.9 billion, according to the data published by WSTS (World Semiconductor Trade Statistics). The year 2017 is forecasted to be strong with 6.5% growth to US$361 billion. 2018 is forecasted to be up another 2.3% to US$369 billion. During 2017 the largest growth is expected across sensors, analog, and memory with all products contributing to positive growth. All regions are forecasted to return to growth in 2017 as well.