Global Semiconductor Sales Increase 15.8% Year-to-Year in April; New Industry Forecast Projects Market Growth of 16.0% in 2024

WASHINGTON—June 6, 2024—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales were $46.4 billion during the month of April 2024, an increase of 15.8% compared to the April 2023 total of $40.1 billion and 1.1% more than the March 2024 total of $45.9 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales increases of 16.0% in 2024 and 12.5% in 2025. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“The global semiconductor industry posted double-digit sales increases on a year-to-year basis during each month of 2024, and worldwide sales in April increased on a month-to-month basis for the first time this year, indicating positive market momentum as we approach the middle of the year,” said John Neuffer, SIA president and CEO. “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.”

Regionally, year-to-year sales in April increased in the Americas (32.4%), China (23.4%), and Asia Pacific/All Other (11.1%), but decreased in Europe (-7.0%) and Japan (-7.8%). Month-to-month sales in April increased in the Americas (4.2%), Japan (2.4%), and China (0.2%), but decreased in Asia Pacific/All Other (-0.5%) and Europe (-0.8%).

Additionally, SIA today endorsed the WSTS Spring 2024 global semiconductor sales forecast, which projects annual global sales will grow to $611.2 billion in 2024, which would be the industry’s highest-ever annual sales total. In 2025, global sales are projected to reach $687.4 billion. WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.

For comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing the WSTS Subscription Package. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.

The World Semiconductor Trade Statistics (WSTS) has released its latest
forecast for the global semiconductor market, anticipating robust growth
in 2024 and 2025.
2024 Forecast: Strong Recovery Expected
WSTS has adjusted its Spring 2024 forecast upwards, projecting a 16.0 percent growth in
the global semiconductor market compared to the previous year. The updated market
valuation for 2024 is estimated at US$611 billion. This revision reflects stronger performance
in the last two quarters, particularly in computing end-markets.
For 2024, mainly two Integrated Circuit categories are anticipated to drive the growth for the
year with double digit increase, Logic with 10.7 percent and Memory with 76.8 percent.
Conversely, other categories such as Discrete, Optoelectronics, Sensors, and Analog
Semiconductors are expected to experience single-digit declines.
The Americas and Asia Pacific regions are projected to see significant growth, with increases
of 25.1 percent and 17.5 percent, respectively. In contrast, Europe is expected to show
marginal growth of 0.5 percent, while Japan is forecasted to see a slight decline of 1.1 percent.
2025 Outlook: Continued Solid Growth
Looking ahead to 2025, WSTS forecasts a 12.5 percent growth in the global semiconductor
market, reaching an estimated valuation of US$687 billion. This growth is expected to be
driven primarily by the Memory and Logic sectors, which are on track to soar to over US$200
billion in 2025 each, representing an upward trend of over 25 percent for Memory and over
10 percent for Logic from the previous year. All other segments are anticipated to record
single-digit growth rates.

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In 2025, all regions are poised for continued expansion. The Americas and Asia Pacific are
expected to maintain their double-digit growth on a year-over-year basis.
WSTS Forecast Summary
Note: Numbers in the table are rounded to whole millions of dollars, which may cause totals by region and
totals by product group to differ slightly.