Semiconductor sales to hit $347 billion this year

Full moon - pic (c) Mike MageeFigures released by the World Semiconductor Trade Statistics (WSTS) organisation forecast that sales of chips will show steady growth this year. The moon’s a ballon but made out of chips rather than cheese.

The WSTS forecasts the worth of the market worldwide to be $347 billion, a rise of 3.4 percent over 2014.

The WSTS predicts that all product categories will have positive growth rate, the outstanding sectors being Optoelectronics at 8.3 percent and Analogue at 5.6 percent.

But that’s not true for all territories, with Europe and Japan predicted to show declines, largely due to the exchange rate between the US dollar, the Euro and the Yen.

Most of the growth will be due to the smartphones and automotive markets.

The WSTS also predicts there will be growth in the semiconductor markets in 2016 and 2017.

By 2017, it forecasts that the market will be worth $370 billion. The strongest region by growth will be Asia Pacific, and will be worth $216 billion by 2016, representing 60 percent of the total worldwide market.

Here, in detail, is how the WSTS believes the market will pan out.

courtesy WSTS