The semiconductor industry is in constant growth and has a very promising future. Industry’s market experts have agreed the market size will grow even more in next decade. Some believe the IoT and Automotive market segments are the key growth and will eventually change our lives forever. After all, semiconductors are crucial components of electronics products.
Year 2017 was the first-time semiconductor revenue has surpassed $400 billion. The market reached the $300 billion milestone seven years ago, in 2011, and surpassed $200 billion in 2000.
Worldwide semiconductor revenue is forecast to total $440 billion in 2018, an increase of 7 percent from 2017. In addition, we estimate the worldwide semiconductor revenue to reach $440 billion in 2019.
The following chart shows the semiconductor market size from 1999 to 2017. During that 19 years the market size has more than doubled thank to the prolific mobile and consumer market.
Memory market segment has been very profitable in the last year (2017). Today, every device has memory content: RAM and Flash. In the last 12 months, a shortage in memory devices has created higher margin and profit leading to a booming semiconductor market.
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