SIA reported that global semiconductor sales in June 2024 increased by 18.3% year-on-year, marking the eighth consecutive month of year-on-year growth, indicating that the semiconductor market continues to recover.
🟦Global semiconductor market in June 2024
The semiconductor market in June 2024 increased by 18.3% year-on-year to $49.98 billion (about 7.2 trillion yen). As a result, the results exceeded the previous year’s results for the eighth consecutive month. A month-on-month increase of 1.7% was confirmed, and the increase in demand related to generative AI is also a major factor. On a quarterly basis, sales were recorded at 149.9 billion dollars (approximately 21.7 trillion yen), an increase of 18.3% year-on-year and 6.5% quarter-on-quarter.
🟦 Regions and Factors Driving Growth
The growth of the Americas market stood out, registering an increase of 42.8% compared to the same month of the previous year. This has accelerated the growth of the world as a whole. China also saw an increase of 21.6%, while Asia-Pacific/Rest also recorded an increase of 12.7%. On the other hand, Europe decreased by 11.2% and Japan by 5.0%. The rapid growth in the Americas is driven by increased demand for generative AI, and the expansion of the Americas market is a major factor.
Trends in semiconductor sales by region
Year-on-year (June 2023)
- increase
- Americas: up 42.8%
- China: up 21.6%
- Asia-Pacific: up 12.7%
- decrease
- Japan: -5.0%
- Europe: -11.2%
MoM/m (May 2024)
- increase
- Americas: 6.3%
- Japan: 1.8%
- China: 0.8%
- decrease
- Europe: -1.0%
- Asia-Pacific/Rest of the World: -1.4%
🟦Summary
The global semiconductor market in June 2024 increased by 18.3% year-on-year, indicating a recovery in the semiconductor market. Significant growth in the Americas market and increased demand for generative AI drove growth, while declines were seen in Europe and Japan.
We need to keep an eye on future market trends and see if growth continues.
