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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