WSTS now expects the semiconductor market to grow by 20.7 percent to $408.7 billion in 2017, down from its previous prediction of $413.5 billion, given in August 2017 (see WSTS raises 2017 chip market forecast…again ).
WSTS Autumn 2017 forecast summary. Source: WSTS.
In 2017 memory chip sales are now expected to increase by 60.1 percent, largely on increases in average selling prices (ASPs), followed by sensors with a 15.9 percent increase, WSTS said. In 2017, all geographical regions are expected to grow.
For 2018 WSTS is forecasting annual growth of 7.0 percent to $437.3 billion. Previously WSTS had been predicting the market would decline in 2018 with annual sales of chips amounting to $411 billion. The main geographical contributors to the increase in the figure are the Americas region and the Rest of the World, which includes China. Memory will again contribute the highest growth in 2018 followed by optoelectronics and sensors, according to WSTS.
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