The World Semiconductor Trade Statistics (WSTS) organization has raised its forecast for the value of the chip market in 2018 and 2019 for the second time in a couple of months.
Sustained high prices and undersupply for numerous component types and memory in particular continue to surprise WSTS and has required the group to lift up growth figures across all geographical markets and general component types that it measures.
WSTS updated Spring 2018 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.
The global chip market is now expected to be up 15.7 percent in 2018 after 21.6 percent growth in 2017. In 2019 the market is expected to grow by 5.2 percent. Nonetheless these figures have been raised from 12.4 percent for 2018 and 4.4 percent for 2019 given as recently as June 2018.
WSTS has recalculated the Spring forecast given in June using the actual figures for 2Q18.
The worldwide semiconductor market was up 21.6 percent in 2017 to US$412.2 billion. The year 2018 is now forecasted to rise 15.7 percent growth to US$477 billion. The strongest growth during 2018 is expected across memory, analog ICs, discretes, and optoelectronics with all products and regions contributing to growth.
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