WSTS raises chip market forecast

January 04, 2017 // By Peter Clarke
The global semiconductor market was flat in 2016 and will show growth in 2017 and 2018, according to the World Semiconductor Trade Statistics (WSTS) organization, which, in its Autumn 2016 Forecast, raised its previous forecast figures.

The chip market amounted to $335.0 billion in 2016, down 0.1 percent on the previous year, while 2017 will show a 3.3 percent growth, followed by 3.0 percent growth in 2018. This compares with forecasts of -2.4, 2.0 and 2.0 percent given previously by WSTS (see Chip market will shrink in 2016, says WSTS ).

WSTS Autumn 2016 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.

The market growth is being led by sensors and analog product categories and a turnaround is expected in the memory IC market. This has suffered in recent years due to overcapacity and average selling prices falling faster than unit sales have increased.

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