IDC forecasts eight trends for the semiconductor market in 2024:

1: The semiconductor sales market will recover in 2024 with an annual growth rate of 20%

The supply chain inventory depletion process continues due to weak market demand. Although there are some sporadic short orders and rush orders in the second half of 2023, it is still difficult to reverse the first half annual decline of 20%, thus, the semiconductor sales market is expected to still decline by 12% in 2023. After the memory market recession of over 40% in 2023, in 2024 the effect of the reduction in production to push up the price of the product, coupled with the increase in the penetration of high-priced HBM is expected to become a driving force for market growth. With the gradual recovery of smartphone demand and the strong demand for AI chips, IDC expects the semiconductor market to return to a growth trend in 2024, with an annual growth rate above 20%.

2: ADAS (Advanced Driver Assistance System) & Infotainment Drive Automotive Semiconductor Market Development