KUALA LUMPUR: Global sales of semiconductors, which rose 9.6 per cent to US$29.7 billion in October, are expected to chart nearly double-digit growth for 2014 and expand at a moderate pace in 2015 and 2016.
The World Semiconductor Trade Statistics (WSTS) organisation predicts 3.4 per cent growth globally for 2015 (US$344.5bil in total sales) and 3.1 per cent growth for 2016 (US$355.3 billion).
WSTS tabulates its semi-annual industry forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
The US-based Semiconductor Industry Association (SIA) said on Wednesday that the October 2014 sales of US$29.7 billion was 9.6 per cent higher from US$27.1 billion last year and an increase of 1.5 per cent from September’s US$29.2 billion.
The SIA said sales in the Americas increased 12.2 per cent on-year in October, leading all regions.
“Year-over-year global semiconductor sales increased for the 18th straight month in October, and the industry is well-positioned for a strong close to 2014,” said SIA president and chief executive officer Brian Toohey.
“Sales continue to be strong across the board, with nearly all regions and product categories exhibiting increases. We expect nearly double-digit growth in 2014, followed by moderate growth in 2015 and 2016.”
Sequential monthly sales increased 5.8 per cent in the Americas, Asia-Pacific (up 0.7 per cent), Europe (down 0.1 per cent), and Japan (down 0.6 per cent).
Compared with October 2013, sales increased by 12.2 per cent in the Americas, Asia-Pacific (12.1 per cent), and Europe (5.2 per cent) but fell 3 per cent in Japan.
The SIA said the monthly sales numbers were compiled by the WSTS organisation and represented a three-month moving average.
The SIA also endorsed the WSTS’ Autumn 2014 global semiconductor sales forecast, which projects the industry’s worldwide sales to increase by 9 per cent to US$333.2 billion in 2014 from 2013.
WSTS predicts 11.4 per cent on-year increases in Asia-Pacific for 2014, Europe (8.7 per cent), the Americas (6.9 per cent), and Japan (1.3 per cent).
“Beyond 2014, the industry is expected to grow steadily and moderately across all regions, according to the WSTS forecast.