Chip industry to grow 13.9% this year and 4.6% next year says WSTS

WSTS forecasts industry revenues of $633 billion this year.

Most major categories are expected to see high teens y-o-y growth in 2022, led by Logic with 24.1% growth, Analogue with 21.9% growth, and Sensors with 16.6% growth.

Optoelectronics remains 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 expected to show growth. The largest region, Asia Pacific, is expected to grow 10.5%. The Americas are expected to show growth of 23.5%, Europe 14%, and Japan 14.2%.

For 2023, the semiconductor market is projected to grow by 4.6%  to $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.

All regions are expected to grow in 2023.