The World Semiconductor Trade Statistics (WSTS) has recently published its latest forecast for the semiconductor market, generated in November 2023.

Global semiconductor industry sales totalled $44.0 billion during the month of August 2023, an increase of 1.9% compared to the July 2023 total of $43.2 billion, but 6.8% less than the August 2022 total of $47.2 billion.

July global semiconductor industry sales edged ahead 2.3% to $43.2 billion compared to the June 2023 total of $42.2 billion during the month of July 2023, says the Semiconductor Industry Association (SIA).

The Global Semiconductor Market will decline 10.3% in 2023 to $515 billion, says WSTS (World Semiconductor Trade Statistics).

The global semiconductor market is predicted to experience a downturn of 10.3% in 2023. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 11.9% in 2024.

February global semiconductor sales of $39.7 billion fell 4.0 per cent from $ 41.3 billion in January this year, reports the Semiconductor Industry Association.

The Worldwide Semiconductor Market is expected to slow to 4.4 per cent growth in 2022, says WSTS, followed by a decline of 4.1 per cent in 2023.

The Worldwide Semiconductor Market is expected to increase 13.9% in 2022, continuing to grow by 4.6% in 2023.

Global semiconductor industry sales climbed to $43.6 billion in the month of May 2021, an increase of 26.2% over the May 2020 total of $34.6 billion and 4.1% more than the April 2021 total of $41.9 billion.

The Spring 2016 forecast was re-calculated by replacing the Q2 2016 forecast figures with Q2 2016 actual results. Worldwide Semiconductor Market is expected to be down in 2016 returning to growth in 2017 and 2018.