June 7, 2024 /SemiMedia/ -- The global semiconductor market is expected to achieve strong growth in 2024 and 2025, according to the recent forecast released by the World Semiconductor Trade Statistics (WSTS).

WSTS has raised its spring 2024 forecast, expecting the global semiconductor market to grow 16.0% over the previous year. The updated 2024 market valuation is estimated at $611 billion. The revision reflects the strong performance of the past two quarters, especially in the computing end market.

For 2024, mainly two Integrated Circuit categories are anticipated to drive the growth for the year with double digit increase, Logic with 10.7 percent and Memory with 76.8 percent. Conversely, other categories such as Discrete, Optoelectronics, Sensors, and Analog Semiconductors are expected to experience single-digit declines.

The Americas and Asia Pacific regions are projected to see significant growth, with increases of 25.1 percent and 17.5 percent, respectively. In contrast, Europe is expected to show marginal growth of 0.5 percent, while Japan is forecasted to see a slight decline of 1.1 percent.

WSTS: Semiconductor market expected to recover strongly-SemiMedia

Looking ahead to 2025, WSTS forecasts a 12.5 percent growth in the global semiconductor market, reaching an estimated valuation of US$687 billion. This growth is expected to be driven primarily by the Memory and Logic sectors, which are on track to soar to over US$200 billion in 2025 each, representing an upward trend of over 25 percent for Memory and over 10 percent for Logic from the previous year. All other segments are anticipated to record single-digit growth rates.

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.

WSTS: Semiconductor market expected to recover strongly-SemiMedia