With the semiconductor industry expected to show strong growth in 2024, memory is expected to lead that growth.

The World Semiconductor Trade Statistics (WSTS) released its latest outlook for the global semiconductor market on the 4th, predicting strong growth in 2024 and 2025.

WSTS revised its outlook upward for spring 2024, predicting that the global semiconductor market will grow 16.0% year-over-year.

The updated market value in 2024 is estimated to be USD 611 billion.

This revision reflects improved performance in the second quarter, particularly in the computing end market segment.

In 2024, two integrated circuit categories are expected to lead this year's growth with double-digit increases: logic (10.7%) and memory (76.8%).

Conversely, other categories such as discretes, optoelectronics, sensors and analog semiconductors are expected to experience single-digit declines.

The Americas and Asia Pacific regions are expected to show significant growth, with increases of 25.1% and 17.5%, respectively.

On the other hand, Europe is expected to grow slightly by 0.5%, and Japan is expected to decrease slightly by 1.1%.

WSTS until 2025The global semiconductor market is expected to grow by 12.5%, reaching an estimated value of $687 billion.

This growth is expected to be driven primarily by the memory and logic segments.

The sector is expected to soar to over USD 200 billion by 2025.

This was analyzed as being due to an upward trend of more than 25% in the memory sector and more than 10% in the logic sector compared to the previous year.

All other sectors were expected to post single-digit growth rates.

All regions are expected to continue to expand in 2025, with the Americas and Asia Pacific expected to maintain double-digit growth year-over-year.