Global semiconductor market: WSTS projects a double digit growth in 2024

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WSTS projects a 16% growth of the global semiconductor market in 2024 compared to the previous year. The market valuation is estimated at US$611 billion. Two Integrated Circuit categories are anticipated to drive the growth: 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% and 17.5%, respectively. In contrast, Europe is expected to show marginal growth of 0.5%, while Japan is forecasted to see a slight decline of 1.1%.
Looking ahead to 2025, WSTS forecasts a 12.5% increase in the global semiconductor market, reaching an estimated valuation of US$687 billion. This growth is expected to be driven primarily by the Memory and Logic.

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