Outlook 2023: Navigating the waters ahead
After an extraordinary couple of years in the electronics sector dominated by the impact of the pandemic and supply chain challenges caused by pent-up demand, there are signs of calmer waters on the horizon, characterised by a more modest but predictable period of growth. According to the World Semiconductor Trade Statistics, the global semiconductor market will increase by 13.9 per cent in 2022 and will continue to grow by 4.6 per cent in 2023. While these statistics indicate a slowing in the rate of demand for worldwide semiconductors, they still show steady growth in all key regions of the world as the electronic industry starts to settle into a more manageable state of equilibrium.
Source: New Electronics – Outlook 2023: Navigating the waters ahead