Chip market forecast raised for 2014, 2015
The global chip market is going to worth US$333 billion in 2014 up 9.0 percent from 2013, according to the World Semiconductor Trade Statistics organization (WSTS), which has raised its growth forecast from 6.5 percent given in June 2014.
The forecast, reported by the European Semiconductor Industry Association, shows 2015 has also been increased marginally although it remains low at 3.4 percent. For 2016 figures have been reduced in what is now seen as a year in which the industry takes pause, or engages in inventory correction. The forecasts have been made on the assumption of a general macro-economy recovery over the forecast period.
Analog and memory are two product classes that are driving 2014 upwards and analog is also set to show strong growth in 2015. Despite a recent softening of growth in the European region recently it is still set to the outperform the Americas and Japan regions in 2014.
WSTS Spring 2014 forecast summary. 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. Source: WSTS.
In 2014 the highest growth rates are shown for the memory (17.3 percent), discrete (12.3 percent) and analog (10.3 percent) categories. By geography, all regions will grow from 2013, including Japan. The semiconductor market growth will be largely driven by smartphones and automotive.
The worldwide semiconductor market is forecasted to be up 3.4 percent to US$345 billion in 2015. For 2016, the market is forecasted to be US$355 billion, up 3. 1 percent.
By end market, automotive and communications are expected to grow stronger than the total market, whereas consumer and computer are assumed to remain almost flat. Regionally, Asia-Pacific will continue to be the fastest growing region and the market size is expected to reach US$209 billion in 2016, which would be about 60 percent of the total semiconductor market. However growth will moderate there and as such will tend to pull down global chip market growth.
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European, analog chip markets on the up, says WSTS
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