Electronics Weekly
Additionally , a new WSTS industry forecast—endorsed by SIA—has been revised upward for 2024. It now projects annual global sales will increase 19.0% year-to-year, reaching a sales total of $626.9 billion this year.
In 2025, global sales are projected to reach $697.2 billion, a year-to-year increase of 11.2%.
“The global semiconductor market is closing out 2024 on a high note, as the industry reached its highest-ever monthly sales total in October and month-to-month sales increased for the seventh consecutive month,” says SIA CEOJohn Neuffer, “total annual sales are now projected to increase by nearly 20% in 2024—higher than earlier forecasts—and then continue to grow by double-digits in 2025.”
Regionally, year-to-year sales in October were up in the Americas (54.0%), China (17.0%), Asia Pacific/All Other (12.1%), and Japan (7.4%), but down in Europe (-7.0%). Month-to-month sales in October increased in the Americas (8.3%), Europe (1.3%), China (1.0%), and Japan (0.2%), but decreased slightly in Asia Pacific/All Other (-0.7%).
Hi DAVID – based on the WSTS OCT 2024 global chip sales summarized in your above article, the Cowan LRA forecasting model is predicting full year 2024 global semiconductor sales at $617.61B which increased slightly from last month’s forecast of $616.10B. This newly calculated sales forecast corresponds to an updated 2024 yr-o-yr sales growth prediction of 17.2%, up slightly from last month’s prediction of 16.9%, but is lower than the WSTS’s FALL2024 market forecast of 19.0% recently published and also described above.
Moreover, according to WSTS’s OCT 2024 HBR, the cumulative year-to-date (YTD) sales result through October 2024 came in at $510.09B which, when compared to last year’s corresponding October 2023 YTD sales number of $427.28B, yields an actual 2024 cumulative YTD (thru October) sales growth of 19.4%.
These latest forecast numbers and the actual cum YTD sales momentum trend point to very positive projections for this year’s worldwide semiconductor industry growth trajectory.