Omdia forecasts 62.7% semi growth this year

Omdia is forecasting 62.7% semiconductor market growth for 2026 reflecting extraordinary growth in memory with DRAM forecast to nearly double and NAND to quadruple.

At the same time, there is a clear shift toward higher-value system designs built on next-generation silicon and advanced connectivity. This trend combined with ongoing shortage components will push up ASPs.

Computing and data storage will lead all segments in semiconductor revenue growth, rising 90% YoY  to overv $700 billion. This is due to strong demand for datacentre servers and other memory–intensive applications, alongside elevated memory IC pricing.

As previously reported, consumer electronics and wireless applications also present a positive outlook for semiconductor revenue growth in 2026.

While smartphone unit shipments are not expected to remain relatively flat, semiconductor revenues will increase due to higher memory pricing, significantly raising overall bill of materials (BOM) costs.

The market will see multiple flagship launches in addition to the usual model updates. This will include a range of a new wave of foldables, and feature-rich models incorporating AI-enabled capabilities such as advanced photography.

Smart watches and fitness and wellness wearables are also projected to deliver meaningful revenue growth.

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