The semiconductor market is expected to increase by 16.3% in 2022

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Following a strong growth of 26.2% in the year 2021, WSTS expects another year of double-digit increase for the worldwide semiconductor market in 2022 with a forecast of $646 billion, up 16.3%. WSTS forecasts strong chip demand for another consecutive year, led by Logic with 20.8% growth, Analog (+19.2%), and Memory (+18.7%). Optoelectronics remains the weakest category in the forecast and is expected to be roughly flat (+0.3%) year over year. In 2022, all geographical regions are expected to show growth. The largest region, Asia Pacific, is expected to grow 13.9%, the Americas +22.6%, Europe +20.8%, and Japan +12.6%. For 2023, the global semiconductor market is projected to increase by 5.1% to US$ 680 billion, driven by mid-single digit growth in the Logic and Analog categories.