Semiconductor market rides double-digit growth
The global semiconductor market is thriving, showing no signs of slowing down as it heads towards double-digit increases in monthly semi sales year-over-year—a trend that is expected to be sustained through 2015, according to analysts at the Semiconductor Industry Association (SIA) and World Semiconductor Trade Statistics (WSTS).
"The global semiconductor market maintained its strong momentum in April, with year-over-year sales increasing across every region and product category," SIA president and CEO Brian Toohey said in a release.
Semiconductor revenues recorded a high in 2013, and remain to be well ahead of its pace, said Toohey. "April marked the twelfth consecutive month that year-over-year sales have increased, and we expect that trend to continue during the remainder of 2014 and into 2015."
According to WSTS, worldwide sales reached $26.34 billion in April 2014, an increase of 11.5 per cent over April 2013. WSTS predicts global semi sales will reach $325.4 billion in 2014, a 6.5 per cent increase from the 2013 sales total and a revision from its fall 2013 forecast, which projected 4.1 per cent growth.
The growth will be largely driven by smartphones, tablets and automotive. The highest growth rates are shown for the analogue and sensor category, both rising by 9.1 per cent. By region, all regions except Japan will grow from 2013. Japan market is forecasted to decline from2013 in US dollar basis due to JPY depreciation compared to 2013.
WSTS forecast summary. Source: WSTS
WSTS predicts 3.3 per cent growth globally for 2015, or $336.1 billion in total sales, and 4.3 per cent growth for 2016 to $350.5 billion. Regionally, WSTS expects year-over-year increases in 2014 for Asia Pacific, Europe, and the Americas with a 1.3 per cent decline projected for Japan. Sequential monthly sales increased in all regions except for Europe and the Americas, which saw 0.6 per cent and 1.6 per cent declines, respectively.
- Jessica Lipsky
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