WSTS (World Semiconductor Trade Statistics) expects the worldwide semiconductor market to grow in 2018 and 2019 to US$ 463 billion and US$ 484 billion respectively. For 2018, this represents an increase of 12.4 percent. This reflects expected growth in all major categories, with a strong increase from Memory at 26.5 percent followed by Analog ICs with 9.5 percent. In 2018, all geographical regions are expected to grow. For 2019, all major product categories and regions are forecasted to grow with the overall market up 4.4 percent, with Sensors contributing the highest increase followed by Optoelectronics and Analog ICs.