Worldwide Semiconductor Market is projected to reach US$302 billion for 2011, followed by a healthier 2.6 percent growth in 2012 and 5.8 percent growth to top US$328 billion in 2013

The World Semiconductor Trade Statistics (WSTS) expects the worldwide market to surpass US$300 billion by end of 2011 for the first time in semiconductor history, yet reflects a less-than-average growth of 1.3% over the previous banner-year 2010.

In 2011, the semiconductor industry had to weather the slowdown of world economies from financial turmoil due to European debts concerns, clear declines of industrial and consumer confidence, as well as the supply chain disruptions by the earthquake disaster in Japan and recent flooding in Thailand. For product category, an oversupply in PC/NB DRAM results in a sharp decline in memory revenue, though the overall market is offset by healthy growth in microcontroller ICs, sensors and discrete semiconductor segments. The total revenue in 2011 is projected to be US$302 billion.

Looking forward, WSTS forecasts the worldwide semiconductor market will grow by a healthier 2.6% to US$310 billion in 2012 followed by 5.8% growth to top US$ 328 billion in 2013. 

About WSTS:
World Semiconductor Trade Statistics (WSTS) is a non-profit organization of 62 semiconductor companies representing more than 75% of the world semiconductor market. Founded in 1986, WSTS is the singular source for monthly industry shipment statistics.