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Global semiconductor revenue to fall below $600 billion in 2023, down 3.6 percent year-on-year

Update time : 2022-11-30 10:11:49

November 29, according to research firm Gartner's latest forecast, global semiconductor revenue this year reached $618 billion, up 4 percent. 2023 semiconductor revenue forecast will be revised down from the previously estimated $623 billion to $596 billion, down 3.6 percent from this year.

Gartner said that the short-term outlook for semiconductor revenue has deteriorated, and the rapid deterioration of the global economy and slowing consumer demand will have a negative impact on the semiconductor market in 2023.
Despite the overall economic slowdown, the enterprise network, computing, industrial, medical and commercial transportation and other enterprise-driven markets are relatively resilient. gartner said that the relative strength of the enterprise-driven market from corporate strategy investment to strengthen the home office infrastructure, business expansion plans and continued digital strategy.
Gartner pointed out that the weak market demand for storage chips, increased inventory, customer pressure to reduce prices, the overall storage chip revenue is expected to remain flat in 2022, and revenue in 2023 fear of a 16.2% decrease.
Gartner said that the deteriorating economic outlook for smartphones, personal computers and consumer electronics has a negative impact, which will make the DRAM market oversupply, DRAM revenue is expected to slide to $90.5 billion in 2022, a decrease of 2.6%, and 2023 revenue fears further decline to $74.2 billion, another 18% reduction.
Gartner points out that the NAND Flash memory market is expected to climb to $68.8 billion in revenue this year, an increase of 4.4% year-over-year, as a result of rising prices due to fab outages in the first quarter of this year. However, due to deteriorating demand and excess inventory, NAND Flash revenue is expected to decrease by 13.7% year-over-year to $59.4 billion in 2023.
Gartner said that the general economic environment deterioration weakened consumer demand, but corporate investment can be expected to help industrial, telecommunications infrastructure and data centers and other markets are less affected.

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