WSTS now forecasts that the worldwide semiconductor market will fall by 12.1 percent year-on-year to US$412 billion in 2019. This will be followed by growth of 5.4 percent in 2020 to take the market size to US$434 billion in 2020, still a long way behind the record year of 2018.

As recently as March of 2019 WSTS was predicting the global chip market would only fall 3 percent and with memory omitted could even show growth. US-Chain trade tensions have continued to escalate and cast

WSTS Spring 2019 forecast summary. 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.

All markets – both geographic and component type – are expected to contract in 2019 with the exception of discrete semiconductors. The biggest faller geographically is the Americas market set to contract by a quarter. The biggest faller in terms of chip component sector is memory set to contract by 30.6 percent.

In 2020 the semiconductor will return to single-digit percentage growth across the board. In terms of component types memory will contribute the highest growth followed by optoelectronics and logic.

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