Document x5bjOdxJQp4rgB5Eko1xOQ9Q6
European Semiconductor Industry Association
Brussels, 29 November 2022
FOR IMMEDIATE RELEASE
The worldwide semiconductor market is expected to grow by 4.4% in 2022, followed by a decline of 4.1% in 2023
The European Semiconductor Industry Association (ESIA) reports on the release of the new semiconductor market forecast generated in November 2022 by the World Semiconductor Trade Statistics (WSTS). Following a strong growth of 26.2% in the year 2021, WSTS forecast a total size of US$ 580 billion for the worldwide semiconductor market in 2022, i.e., up 4.4%.
The WSTS forecast updated the growth estimation as inflation rises and end markets see weaker demand, especially those exposed to consumer spending. Some major categories are still expected to see double-digit year-over-year growth in 2022, led by analog devices with 20.8%, sensors with 16.3%, and logic with 14.5% growth. Memory is expected to turn negative in the forecast and decline with 12.6% year over year.
In 2022, all geographical regions are seen to show double-digit growth except Asia-Pacific. The largest region, Asia-Pacific, is expected to decline 2.0%. The Americas region is expected to show growth of 17.0%, Europe 12.6%, and Japan 10.0%.
Worldwide semiconductor market is expected to decline slightly in 2023
For 2023, the global semiconductor market is projected to decline by 4.1% to US$ 557 billion, driven by the memory segment. In this latest forecast, this category is projected to fall to US$ 112 billion in 2023, dropping by 17% compared to the previous year. Some other major categories showing single-digit growth like optoelectronics, sensors, discretes and analog.
All regions are expected to remain flat in 2023, only Asia-Pacific is estimated to decline by 7.5% year over year.
To find out how to subscribe to WSTS reports on semiconductor sales data, click here.
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WSTS forecast summary
Autumn 2022
Americas Europe Japan Asia-Pacific Total World - $M Discrete Semiconductors Optoelectronics Sensors Integrated Circuits
Analog Micro Logic Memory Total Products - $M
Amounts in US$M
2021
2022
2023
121,481 142,138 143,278
47,757 53,774 54,006
43,687 48,064 48,280
342,967 336,151 311,005
555,893 580,126 556,568
30,337 34,098 35,060
43,404 43,777 45,381
19,149 22,262 23,086
463,002 479,988 453,041
74,105 89,554 90,952
80,221 78,790 75,273
154,837 177,238 175,191
153,838 134,407 111,624
555,893 580,126 556,568
Year on Year Growth in %
2021
2022
2023
27.4
17.0
0.8
27.3
12.6
0.4
19.8
10.0
0.4
26.5
-2.0
-7.5
26.2
4.4
-4.1
27.4
12.4
2.8
7.4
0.9
3.7
28.0
16.3
3.7
28.2
3.7
-5.6
33.1
20.8
1.6
15.1
-1.8
-4.5
30.8
14.5
-1.2
30.9
-12.6
-17.0
26.2
16.3
5.1
Note:
Numbers in the table are rounded to whole millions of dollars, which may cause totals by region and totals by product group to differ slightly.
For more information:
Giovanni Corder ESIA Trade & Statistics Manager
Elise Lafond WSTS Europe
About ESIA: The European Semiconductor Industry Association (ESIA) is the voice of the semiconductor industry in Europe. Its mission is to represent and promote the common interests of the Europebased semiconductor industry towards the European institutions and stakeholders in order to ensure a sustainable business environment and foster its global competitiveness. As a provider of key enabling technologies, the industry creates innovative solutions for industrial development, contributing to economic growth and responding to major societal challenges. Being ranked as the most R&D-intensive sector by the European Commission, the European semiconductor ecosystem supports approx. 200.000 jobs directly and up to 1.000.000 induced jobs in systems, applications and services in Europe. Overall, micro- and nano-electronics enable the generation of at least 10% of GDP in Europe and the world.
About WSTS: World Semiconductor Trade Statistics (WSTS) was founded in 1986 as a non-profit organisation of semiconductor product companies and is the industry's only source for monthly industry shipment statistics. http://www.wsts.org/
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