XSD - Semiconductor industry might take a dip in 2023 to rebound in 2024 - WSTS
2023-06-07 05:14:09 ET
The World Semiconductor Trade Statistics or WSTS expects a double-digit downfall for the semiconductor market in 2023. However, 2024 looks brighter. The estimated market size could decline 10.3% to $515B in 2023.
2023 category-wise bifurcation shows Discrete and Optoelectronics could sustain a single-digit Y/Y growth in 2023, at 5.6% and 4.6%, while other categories could likely see negative growth. Memory segment is expected to decline by ~35% Y/Y.
2023 region-wise bifurcation shows Europe and Japan could experience a growth of 6.3% and 1.2%. Other regions could face a downturn, Americas and Asia Pacific expected to drop 9.1% and 15.1% respectively.
The global semiconductor industry is forecasted to grow 11.8% to $576B in 2024 with a major rebound expected in memory segment, ~40% surge from last year. Other categories including Discrete, Sensors, Analog, Logic, and Micro will likely show single-digit growth. Region-wise, the Americas and Asia Pacific could exhibit robust double-digit Y/Y growth.
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Semiconductor industry might take a dip in 2023 to rebound in 2024 - WSTS