April sales up 15.8% year-on-year, led by the U.S.
🟦 Global Semiconductor Market @ April 2024
Global semiconductor sales in April 2024 increased by 15.8% year-on-year to $46.4 billion, according to SIA, a U.S. semiconductor industry association. The U.S. market led the strong performance with a 32.4% increase, and the annual growth rate in 2024 is also expected to grow significantly. With the market strong towards the middle of the year, we expect annual sales to grow by 16.0% in 2024 and 12.5% in 2025.
🟦 Increasing Demand in Data Centers, Automotive, Industrial Equipment, etc.
April 2024 saw a 1.1% month-over-month increase, marking the first time that monthly revenue exceeded the same month last year ($46.4 billion). This strong performance was supported by increased demand in areas such as data centers, automotive, and industrial equipment. SIA expects the global semiconductor market to continue to perform well beyond mid-2024.
Sales by Region (YoY Growth)
- Americas: up 32.4%
- China: up 23.4%
- Asia-Pacific: up 11.1%
- Europe: -7.0%
- Japan: -7.8%
🟦Summary
The semiconductor market in April 2024 continues to grow strongly. In particular, the market is driven by the increasing demand in sectors such as data centers, automotive, and industrial equipment.
Europe and Japan saw year-on-year declines.
