12 Jun 2024 -
 General

Electronics industry surges forward into 2025

astute-electronics-industry-growth.

The global semiconductor market is set to experience a robust recovery in the coming years, with projections of substantial growth in 2024 and 2025. This optimistic outlook comes from multiple industry sources, including the World Semiconductor Trade Statistics (WSTS), the Semiconductor Industry Association (SIA), and TECHCET.

WSTS forecasts a 16.0% expansion of the global semiconductor market in 2024, reaching $611 billion. This upward revision from their spring forecast is attributed to the strong performance of the computing end market in recent quarters. Logic and Memory integrated circuits are expected to be the primary drivers of this growth, with projected increases of 10.7% and 76.8%, respectively. Geographically, the Americas and Asia Pacific regions are predicted to lead the charge, with growth rates of 25.1% and 17.5%.

SIA’s data reveals that the global semiconductor industry has maintained double-digit year-on-year sales increases throughout 2024. April sales reached $46.4 billion, a 15.8% jump from April 2023. Notably, April marked the first month-to-month increase in sales this year, suggesting positive market momentum. “Additionally, the latest industry forecast projects strong annual growth in 2024, led by sales to the Americas market, which is expected to grow by more than 25% this year,” said John Neuffer, SIA president and CEO.

TECHCET’s report aligns with these optimistic projections, anticipating a 12% growth in the global semiconductor market in 2024, amounting to $610 billion. The report notes improvements in the sales of leading-edge logic and memory chips, as well as increased wafer manufacturing. It further highlights that chip revenue has been positively influenced by memory ASPs and improved fab utilization in both the memory and logic segments.

Looking ahead to 2025, WSTS predicts a continued growth trajectory of 12.5%, reaching $687 billion. Memory and Logic sectors are expected to surpass $200 billion each, with all other segments also experiencing single-digit growth. The Americas and Asia Pacific regions are poised to maintain their double-digit growth, solidifying their position as key drivers of the industry’s expansion. TECHCET echoes this optimism, forecasting a remarkable 27% growth in 2025, surpassing previous revenue records.

Overall, the semiconductor industry appears to be on a promising path to recovery and growth in the coming years. With strong demand, technological advancements, and positive market momentum, the industry is poised to reach new heights in 2024 and 2025.

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