The worldwide semiconductor market is expected to increase 13.9% in 2022

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Image by Gerd Altmann from Pixabay

Following the strong growth of 26.2% in 2021, WSTS expects another year of double-digit growth for the worldwide semiconductor market in 2022 with a forecast of $633 billion, up 13.9%. WSTS forecasts strong chip demand for another consecutive year, with most major categories expected to see high increase in 2022, led by Logic with +24.1%, Analog (+21.9%) and Sensors (+16.6%). Optoelectronics remains the weakest category and is expected to be roughly flat (+0.2%) year over year. In 2022, all geographical regions are expected to show growth. The largest region, Asia Pacific, is expected to grow 10.5%, the Americas +23.5 %, Europe +14% and Japan +14.2%. For 2023, the global semiconductor market is projected to increase by 4.6% to US$ 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.