2024 is the year of strong rebound for the global chip industry. In its updated fall forecast, WSTS raised its forecast for 2024, projecting a substantial year-over-year growth of 19.0% for the semiconductor market. The global market value in 2024 is expected to reach $627 billion, reflecting improved performance in the second and third quarters of 2024, especially in the computing segment.
Growth in 2024 will be driven primarily by two integrated circuit segments: memory is expected to grow by 81.0%, and logic devices are expected to grow by 16.9%.
In terms of regions, the Americas and Asia-Pacific will lead the economic recovery, with expected growth rates of 38.9% and 17.5% respectively.
2025: The momentum will continue
Looking forward, WSTS predicts that the semiconductor market will achieve broad-based growth in 2025, with an increase of 11.2%, and the global market valuation will reach an estimated US$697 billion. This growth will be driven primarily by the logic and memory segments, which together are expected to be worth more than $400 billion. Among them, the year-on-year growth rates of logic devices and memories exceeded 17% and 13% respectively. Other semiconductor categories are expected to grow at more modest single-digit rates, boding well for overall steady expansion in the industry.
In 2025, expansion will continue in all regions. The Americas and Asia-Pacific regions are expected to maintain double-digit year-over-year growth.