According to the latest announcement from the Semiconductor Industry Association (SIA), sales in the global semiconductor industry reached $46.4 billion in April 2024, a significant increase of 15.8% compared to $40.1 billion in the same period in 2023. In addition, sales also increased by 1.1% sequentially compared to $45.9 billion in March 2024. This data not only reflects the strong recovery momentum of the semiconductor industry, but also indicates a broad prospect for the future market.
Monthly sales analysis
The monthly sales growth is compiled by the World Semiconductor Trade Statistics Organization (WSTS) and represents a three-month moving average. This statistical method helps smooth out short-term fluctuations and more accurately reflect industry trends. Looking at the data, the increase in sales indicates that market demand is steadily picking up and that the semiconductor industry is gradually emerging from previous cyclical troughs.
Chart: Global semiconductor sales increased by 15.8% in April 2024
Future market forecasts
The optimism in the market was further strengthened by the industry forecasts released by WSTS. Global annual sales are expected to grow by 16.0% in 2024 and 12.5% in 2025. This forecast is not only based on current growth trends, but also takes into account various factors such as the global economic environment, technological advancements, and industry demand.
SIA's market position
SIA represents 99% of the U.S. semiconductor industry and also has a significant presence in the international market, covering nearly two-thirds of chip companies outside the U.S. This position makes SIA's announcements and forecasts highly authoritative and market-influential.
Drivers of the industry's growth
The growth of the semiconductor industry is due to several factors. First, the acceleration of global digital transformation is driving strong demand for semiconductors. Secondly, the development of emerging technologies such as artificial intelligence, 5G, Internet of Things and autonomous driving provides new growth points for the semiconductor market. In addition, the gradual recovery of the global economy has also brought a positive external environment to the semiconductor industry.
In summary, the sales growth and future forecast of the semiconductor industry show strong momentum and development potential of the market. The semiconductor industry is expected to continue to grow as technology continues to advance and applications expand. At the same time, enterprises and organizations in the industry need to pay attention to market changes and grasp development opportunities to cope with the challenges that may arise in the future. We expect the semiconductor industry to play a greater role in promoting global scientific and technological progress and economic development.
