🟦 Global semiconductor market forecast to expand rapidly in 2024

The global semiconductor market declined by 8.2% in 2023, but the market recovered in the second half of the year
Global Semiconductor Sales Decrease 8.2% in 2023; Market Rebounds Late in Year
Worldwide industry sales totaled 6.8 billion in 2023; market grew during second half of year and sales are projected ...

🟦 Global semiconductor market declines in 2023 but is on a recovery trend, and is expected to expand rapidly in 2024

 The Semiconductor Industry Association (SIA) predicts that global semiconductor sales in 2024 will increase by 13.1% year-on-year. The spread of artificial intelligence (AI) is expected to increase the demand for semiconductors. In 2023, global semiconductor sales decreased by 8.2% compared to 2022 to $526.8 billion.

🟦 In particular, the revitalization of the Chinese market is remarkable.

 In the first half of 2023, the market was slowing down, but in the fourth quarter, it increased by 11.6% year-on-year, and the market was on a recovery trend. In particular, the Chinese market was revitalized and grew towards the end of the year. By region, global sales performance in 2023 was only in Europe, where sales increased by 4% year-on-year, while the rest of the world showed weak results.

Global sales by region in 2023 (year-on-year)

  • Europe: up 4%
  • Americas: -5.2%
  • Japan: -3.1%
  • China: down 14%

 Monthly revenue for December 2023 increased 1.5% month-over-month and 11.6% year-over-year to $48.6 billion. This was the 10th consecutive month of positive month-on-month growth, and the second consecutive month of positive year-on-year growth following November.

🟦Summary

 Although the global semiconductor market declined by 8.2% in 2023, the market recovered in the second half of the year. In particular, the revitalization of the Chinese market is remarkable, and rapid expansion is predicted in 2024.

 We can see that the first half of 2023 was a period of stagnation for the semiconductor industry.

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