The global semiconductor market is expected to grow by 16.3% in 2022 to reach $646 billion

Recently, the official website of the World Semiconductor Trade Statistics Society (WSTS) released the latest forecast data on the global semiconductor market. Data show that the world semiconductor market is expected to grow by 16.3% in 2022 and will continue to grow by 5.1% in 2023.

Following strong growth of 26.2% in 2021, WSTS forecasts that the global semiconductor market will once again achieve double-digit growth in 2022, with the market expected to reach $646 billion, an increase of 16.3%. Among them, the Asia-Pacific region is expected to grow by 13.9%, and the growth rates of the Americas and Europe are 22.6% and 20.8% respectively.

In 2023, the global semiconductor market is expected to grow by 5.1% to reach $680 billion. At the same time, the semiconductor market will grow in all regions of the world.

There will still be structural shortages in the semiconductor market in 2022, but inventories of products such as 5G chips are increasing. Experts in the semiconductor industry said that compared with the historical peak of the semiconductor market in 2021, the global semiconductor market will still maintain double-digit growth in 2022, which may be due to rising chip prices while shipments remain relatively stable. The overall size of the semiconductor market maintained a high growth rate.

Nanjing Hecho Technology provides optical transmission solutions, high-brightness LED Light Source and Customized Fiber Bundle services for semiconductor optical inspection systems, which are widely used in AOI, LDI, wafer cutting, inspection, and automation. If you are interested, welcome to contact with us.