Worldwide Semiconductor Market growth is expected to be up 17 percent in 2017 after 1.1 percent growth in 2016.

August 22, 2017 -- WSTS has published the 2017 semiconductor market figures and re-calculated the Spring 2017 forecast using the actual figures of the second quarter 2017.

The Worldwide semiconductor market was up 1.1% in 2016 to US$338.9 billion, an alltime high. The year 2017 was forecasted on last year to be strong with 11.5% growth to US$378 billion. The updated forecast in the 2017 spring forecast meeting along with the actual 2017 second quarter result shows a much stronger growth of 17% to US$397 billion. The year 2018 is forecasted to be up another 4.3% to US$414 billion.

During 2017 the largest growth is expected across sensors, analog, and memory with all products contributiong to growth. All regions are forecasted to return to growth in 2017 as well.

About WSTS:

World Semiconductor Trade Statistics (WSTS was founded in 1986 as a non-profit organization of semiconductor product companies and is the industry´s only source for monthly industry shipment statistics.