November 30, 2023 /SemiMedia/ -- According to the latest report released by the World Semiconductor Trade Statistics (WSTS), global semiconductor output in the third quarter was better than expected, and it slightly raised the global semiconductor revenue forecast for this year. The annual decrease is expected to converge to 9.4%, and the rebound next year will also be Will be better than expected.

In the report, WSTS raised its forecast for global semiconductor revenue this year and next year. Global semiconductor revenue is expected to be approximately US$520.126 billion this year, higher than the previous estimate of US$515.095 billion, an annual decrease of 9.4%; industry revenue in 2024 will reach 588.364 billion US dollars. billion, a new high and better than the original estimate of US$575.997 billion, an annual increase of 13.1%.

Looking at each region, WSTS expects that only the European market will grow this year, with an increase of about 5.9%, the American market will decrease by 6.1%, Japan will decline by 2%, and the Asia-Pacific region will decrease by 14.4%.

WSTS predicts that the global semiconductor market is expected to recover in 2024, including discrete semiconductors, optoelectronics, and sensor revenue, which will all grow by single-digit percentages. Memory revenue will surge by 44.8%, which is the main driving force for semiconductor revenue growth.