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Home > News > Company News > Semi market will be worth $411.....

Semi market will be worth $411bn this year

  • Author:Ella Cai
  • Release on:2017-10-16
The chip market will be worth $411 billion this year says Gartner, representing an increase of 19.7% from 2016.

This will be the strongest growth since the 2010 recovery from the financial crisis when revenue increased by 31.8%.

“Memory continues to lead the semiconductor market higher and is expected to increase 57 percent in 2017 as supply and demand dynamics increase prices. A shortage of memory, and in particular DRAM, is driving semiconductor revenue higher,” says Gartner’s Jon Erensen, “strength is spreading to other semiconductor categories as well with nonoptical sensors, analog, discretes and image sensors all forecast to grow over 10 percent in 2017.

“Higher memory costs and component shortages are cause for concern as we enter the fourth quarter,” adds  Erensen, “memory is driving the bill-of-materials cost higher across electronic equipment categories and we are starting to see increased costs get passed on by OEMs through higher pricing.”

The semiconductor market is expected to increase 4% in 2018 and reach $427.4 billion. Gartner forecasts the market to decline 1% in 2019 as the memory market turns with leading vendors adding new supply.