WSTS is forecasting 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, however, will remain 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 likely to show growth. The largest region, Asia Pacific, is expected to grow 10.5 percent. The Americas are forecast to show growth of 23.5 percent, Europe 14.0 percent, and Japan 14.2 percent.
For 2023, however, WSTS said that the global semiconductor market would slow considerably growing by around 4.6 percent to reach a market value of $662 billion, driven by mid-single digit growth of nearly all categories. In this latest forecast, the Logic category is projected to reach $200 billion in 2023, roughly 30% of the total market.
All regions are expected to grow in 2023.
