WSTS: The global semiconductor market reached US$551 billion this year, an increase of 25.1% over last year

On August 16, WSTS (World Semiconductor Trade Statistics) adjusted its estimate of global semiconductor market sales. The organization expects the global semiconductor market to grow significantly by 25.1% this year, an increase of about 4.5% compared to the previous estimate.

WSTS noted that following a 6.8% year-on-year increase in 2020, the global semiconductor market is expected to grow to $551 billion this year, an increase of 25.1% from 2020.

All major categories of semiconductor products grew, with the largest increase in memory chips (up 37.1%), followed by analog chips (up 29.1%) and logic chips (up 26.2%).

WSTS also analyzed that major regions around the world are expected to see double-digit growth this year. The Asia-Pacific region is expected to grow by 27.2%, Europe is expected to recover in 2021 and will grow by 26.4%, the Americas are expected to grow by 21.5%, and Japan will grow by 17.7%, as shown below:

The global semiconductor market is expected to continue to grow by 10.1% to $606 billion by 2022, driven by double-digit growth in memory chips.