In its Fall 2021 forecast WSTS has raised its estimate for annual growth in the global chip market in 2021 to 25.6 percent, up from the previous estimate of 19.7 percent, which in turn was up from 8.7 percent given a year ago.

At the same time WSTS kept its view of annual growth in the overall 2022 market the same as five months before at 8.8 percent growth. In regional terms WSTS raised the estimated growth for the Americas, Europe and Japan will pulling down the growth of Asia-Pacific (see WSTS recasts 2021 as 20% growth year for chip market).

With the increased growth in 2021 WSTS is now forecasting the global chip market will be worth US$552.9 billion in 2021 and rise to US$601.5 billion in 2022.

WSTS Fall 2021 forecast summary through 2022. Note: numbers in the table are rounded to whole millions of dollars, which may cause totals by region and by product groups to differ slightly. Source: WSTS.

WSTS said the largest contributors to growth in 2021 are set to be memory components with 34.6 percent, followed by analog with 30.9 percent and logic with 27.3 percent growth

All other major product categories are also expected to show double-digit growth-rates, with the exceptions of optoelectronics at 7.0 percent.

In 2021, Asia Pacific (including China) is forecasted to show the strongest growth rate with 26.7 percent growth followed by Europe with 25.6 percent. There has been a significant upgrading of expected Americas growth in 2021 to 24.6 percent – compared with the previous estimate of 11.1 percent. Japan’s 2021 growth estimate is raised to 19.5 percent from 12.7 percent and becomes the the laggard with below average growth.

Related links and articles:

News articles:

WSTS recasts 2021 as 20% growth year for chip market

WSTS raises chip market forecast for 20/21

Chip market growth rate softens in Asia

A forecast of when the chip market will decline

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