Semiconductor market expected to decline next year

According to the forecasts of the research company Gartner, next year we should expect a decline in the market

semiconductors by 3.6%.According to analysts, there is an excess supply on the market against the backdrop of a worsening economic situation. This year the semiconductor market will grow by 4%, to the level of $618 billion. At the same time, a year ago the market showed growth by 26.3%. The decline in the semiconductor market next year will be influenced by growing uncertainty in major consumer markets, high inflation in many countries, as well as reduced consumption in areas such as computers and consumer electronics. However, commercial consumer spending, especially in infrastructure development and cloud services, will continue to be high and support semiconductor manufacturers.