AI technology has driven demand to continue to rise, and the global semiconductor market has ushered in double-digit growth
With the advancement of AI technology and the expansion of application fields, the semiconductor industry is ushering in unprecedented development opportunities. WSTS 'latest forecast reports that the global semiconductor market size will grow by 19.0% year-on-year in 2024, reaching a new high of $627 billion. This growth is expected to continue in 2025, with the market growing 11% year-on-year to $697.1 billion...
According to the latest forecast of the World Semiconductor Trade Statistics Organization (WSTS), thanks to the continuous rise in market demand driven by AI technology, the global semiconductor market size is expected to grow by 19.0% in 2024, reaching $627 billion, and the market size is expected to further grow to $697.1 billion in 2025, an increase of 11%.
AI technology is a key driver
In 2024, the growth of the semiconductor market is mainly driven by the memory and logic integrated circuit segments, which are expected to grow by 81.0% and 16.9%, respectively.
Growth will continue into next year
Looking ahead to 2025, the global semiconductor market is expected to achieve overall growth, an increase of 11.2%, and the market valuation will reach about $697 billion. The logic and memory markets will continue to be the main drivers of growth, with the combined value of these two markets expected to exceed $400 billion. The rapid development of AI technology and data centers, especially the growing demand for high-performance semiconductor products such as Gpus, is expected to drive the growth rate of computing semiconductors to 17%.
Regional differences and market challenges
Although the global semiconductor market as a whole shows a growth trend, there are significant regional differences. The Americas and Asia-Pacific regions are expected to maintain double-digit year-over-year growth, while Japan and Europe are expected to experience relatively modest growth. In addition, while the development of AI technology brings new opportunities to the semiconductor market, semiconductor sales growth in areas such as automobiles and smartphones is expected to be slow, which may have an impact on market performance.
Last month, Wang Ruoda, a senior expert at the China Semiconductor Association, predicted that by 2030, the global semiconductor market is expected to increase to $1 trillion, with a compound annual growth rate of 8%. Emerging areas such as artificial intelligence, 5G/6G communication technology, and smart vehicles will be the main drivers driving the demand growth of the semiconductor market.
