Summary Global semicon sales seen rising to US$611.2b in 2024 and US$687.4b in 2025, says SIA theedgemalaysia.com
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The global semiconductor industry is projected to experience record-breaking sales of $611.2 billion in 2024 and $687.4 billion in 2025, driven by the growing demand for technology and the expansion of the digital economy.
Slides
Slide Presentation (7 slides)
Key Points
- Global semiconductor sales are projected to increase 16.0% in 2024 and 12.5% in 2025, according to the Semiconductor Industry Association (SIA)
- Global semiconductor industry sales rose 15.8% year-on-year to US$46.4 billion in April 2024
- The Americas market is expected to grow by more than 25% in 2024
- Global semiconductor sales are forecast to reach a record high of US$611.2 billion in 2024 and US$687.4 billion in 2025
- The World Semiconductor Trade Statistics (WSTS) Spring 2024 global semiconductor sales forecast was endorsed by the SIA
Summaries
23 word summary
Global semiconductor sales forecast to reach record highs of $611.2B in 2024 and $687.4B in 2025, driven by tech demand and digital economy.
45 word summary
Global semiconductor sales forecast to reach record highs of $611.2B in 2024 and $687.4B in 2025, driven by growing demand for advanced tech, digital economy expansion, and increased semiconductor adoption across sectors. The Americas market expected to lead growth, while other regions see mixed results.
115 word summary
Global semiconductor sales are projected to rise significantly, reaching a record-high of $611.2 billion in 2024, a 16.0% increase, and $687.4 billion in 2025, a 12.5% rise. The positive market momentum is evident, with April 2024 sales up 15.8% year-on-year and 1.1% from the previous month. The Americas market is expected to lead the growth, with over 25% increase in 2024. Other regions saw mixed results, with China and Asia-Pacific/all others experiencing increases, while Europe and Japan declined. The industry's positive outlook is driven by growing demand for advanced technologies, the expanding digital economy, and increased adoption of semiconductor-based solutions across sectors, highlighting the industry's resilience and importance in driving technological advancements and economic progress.
258 word summary
Global semiconductor sales are projected to rise significantly in the coming years, according to the Semiconductor Industry Association (SIA). The industry is expected to see a 16.0% increase in sales in 2024, reaching a record-high of $611.2 billion. This growth is expected to continue in 2025, with sales projected to reach $687.4 billion, a 12.5% increase.
The positive market momentum is evident in the industry's performance in recent months. In April 2024, global semiconductor sales rose 15.8% year-on-year to $46.4 billion, up 1.1% from the previous month. This marks the first month-on-month increase in sales this year, indicating a strengthening market.
Regionally, the Americas market is expected to lead the growth, with sales projected to increase by more than 25% in 2024. Other regions also saw year-on-year sales increases in April, including China (23.4%) and Asia-Pacific/all others (11.1%), while Europe (-7.0%) and Japan (-7.8%) experienced declines.
The SIA's endorsement of the World Semiconductor Trade Statistics (WSTS) Spring 2024 global semiconductor sales forecast underscores the industry's positive outlook. The WSTS forecast is based on input from a wide range of global semiconductor companies, providing a reliable indicator of industry trends.
The strong performance and positive outlook for the semiconductor industry are driven by several factors, including the growing demand for advanced technologies, the expansion of the digital economy, and the increasing adoption of semiconductor-based solutions across various sectors. As the industry continues to evolve and adapt to changing market dynamics, the projected growth in sales highlights the industry's resilience and its importance in driving technological advancements and economic progress.