Friday, December 6th 2024
Semiconductor Sales Surge 22.1% in October, 19% Growth Forecast for 2024
The World Semiconductor Trade Statistics (WSTS) organization has unveiled its latest projections for the global semiconductor market, highlighting robust growth expectations for 2024 and 2025.
2024: A Year of Strong Rebound
In its updated fall forecast, WSTS has revised its 2024 projections upward, anticipating a significant 19.0% year-over-year growth in the semiconductor market. The global market value for 2024 is now estimated to reach $627 billion, reflecting improved performance in second and third quarter of 2024, particularly in the computing sector.
Growth in 2024 will largely be fuelled by two Integrated Circuit segments: Memory, which is expected to increase by 81.0%, and Logic, with a projected increase of 16.9%. Meanwhile, other categories like Discrete, Optoelectronics, Sensors, and Analog Semiconductors are forecasted to see declines.
Regionally, the Americas and Asia Pacific are set to lead the recovery, with anticipated growth rates of 38.9% and 17.5%, respectively. In contrast, Japan is expected to post modest growth of 1.4%, while Europe may face a decline of 6.7%.
2025: Momentum to Continue
Looking ahead, WSTS predicts broad based growth for the semiconductor market in 2025, with an 11.2% increase, bringing the global market valuation to an estimated $697 billion. The growth will be driven predominantly by the Logic and Memory sectors, which together are projected to exceed $400 billion in value. This includes a year-over-year growth of over 17% for Logic and 13% for Memory. Other semiconductor categories are expected to grow at more modest, single-digit rates, signalling steady overall expansion for the industry.
In 2025, all regions are poised for continued expansion. The Americas and Asia Pacific are expected to maintain their double-digit growth on a year-over-year basis.
Source:
WSTS
2024: A Year of Strong Rebound
In its updated fall forecast, WSTS has revised its 2024 projections upward, anticipating a significant 19.0% year-over-year growth in the semiconductor market. The global market value for 2024 is now estimated to reach $627 billion, reflecting improved performance in second and third quarter of 2024, particularly in the computing sector.
Regionally, the Americas and Asia Pacific are set to lead the recovery, with anticipated growth rates of 38.9% and 17.5%, respectively. In contrast, Japan is expected to post modest growth of 1.4%, while Europe may face a decline of 6.7%.
2025: Momentum to Continue
Looking ahead, WSTS predicts broad based growth for the semiconductor market in 2025, with an 11.2% increase, bringing the global market valuation to an estimated $697 billion. The growth will be driven predominantly by the Logic and Memory sectors, which together are projected to exceed $400 billion in value. This includes a year-over-year growth of over 17% for Logic and 13% for Memory. Other semiconductor categories are expected to grow at more modest, single-digit rates, signalling steady overall expansion for the industry.
In 2025, all regions are poised for continued expansion. The Americas and Asia Pacific are expected to maintain their double-digit growth on a year-over-year basis.
4 Comments on Semiconductor Sales Surge 22.1% in October, 19% Growth Forecast for 2024
Good thing all the nand companies forseen this and cut production ahead of time.
81% isn't coming from consumers suddenly switching out platters btw lol
Kinda made me laugh.
They're still making new platter drives to this day. 32TB spinning platter was in the news a week ago.
"People are expected to upgrade from their spinning platters they bought for GTAV and replace them with SSDs in time for GTA6."