Strong Growth Forecast for Semiconductor Industry
Worldwide sales of semiconductors reached $27.6 billion in April 2015, 4.8 percent higher than the same time period in 2014, but 0.4 percent lower than last month’s total of $27.7 billion, according to the Semiconductor Industry Association (SIA). The new World Semiconductor Trade Statistics (WSTS) research also finds the Americas market recorded double-digit growth compared to last year, leading all regions.
The new WSTS industry forecast also projects steady but modest market growth over the next three years. SIA endorsed the WSTS Spring 2015 global semiconductor sales forecast, which expects the industry’s worldwide sales to reach $347.2 billion in 2015, up 3.4 percent increase from 2014. While WSTS projects year-to-year increases in Asia Pacific (7.0 percent) and the Americas (3.7 percent), the organization expects lower sales in Europe (-3.6 percent) and Japan (-9.5 percent).
WSTS also forecasts 3.4 percent growth globally in 2016, reaching $358.9 billion, and 3 percent growth for 2017, attaining $369.6 billion. Some of the markets expected to drive growth over the next few years include smaller and more integrated medical systems, Internet of Things (IoT) related applications, as well as communications and computer systems, according to IC Insights.
“Year-to-year semiconductor sales increased for the 24th straight month in April, thanks largely to continued growth in the Americas and Asia Pacific regional markets,” said John Neuffer, president and CEO, Semiconductor Industry Association, in a statement. “The global industry has posted higher sales through April than at the same point in 2014, and we expect continued growth for the rest of 2015 and beyond.”
By region, the April report finds that year-to-year sales increased in the Americas (12.2 percent), China (9.9 percent), and Asia Pacific/All Other (5.2 percent), while sales decreased compared with last year in Europe (-5.6 percent) and Japan (-10.7 percent).
When compared to last month, sales were up in the Asia Pacific/All Other (2.3 percent) category, but down in Japan (-0.2 percent), China (-0.7 percent), Europe (-2.3 percent), and the Americas (-3.4 percent).