Forecasts for these 2 years are both revised downward from the previous 2012 spring forecasts of positive 0.4% and 7.2% growth respectively, due mainly to growing uncertainty of the world economy including China’s slow down.
2012 market weakness is broad, with negative growth in all geographical regions and all product categories except Logic and Optoelectronics. Among the regions, Europe is forecasted to be most hard hit, to decline 10.7% from 2011 to US$33 billion.
For 2013, WSTS does not predict continued semiconductor market decline, with the anticipated emergence of new electronics products and applications, although uncertainty of world economy, such as European debt issues and US “Fiscal Cliff”, may remain as concerns.
WSTS anticipates the world market to grow 5.2% to US$319bn in 2014, with mid single digit growth across most of geographical regions and semiconductor product categories, supported by the healthier economy of the world.