WSTS Predicts Growth for 2014 and Near Future

The latest press release from the World Semiconductor Trade Statistics (WSTS) predicts good news for semiconductor suppliers in the short term.

WSTS expects the overall market to grow 6.5% in 2014 (from 2013) to reach total annual revenues of US$325 billion. It stated “All major product categories will show a high single digit growth rate, except microprocessors which will show a soft decline. The growth will be largely driven by smartphones, tablets and automotive. The highest growth rates are shown for the Analog (9.1%) and Sensor (9.1%) category. ”

SensiAn Research’s assumption is that while overall microprocessor revenue may be falling the market for microcontrollers is growing as many low power devices associated with IoT (wearable devices, beacons, etc.)  are growing rapidly.

WSTS predict that overall market growth will continue into 2015 and 2016 reaching US$350 billion in 2016.

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