According to the Semiconductor Industry Association (SIA), global semiconductor sales totaled US$627.6 billion in 2024, reflecting a 19.1% increase from the recorded US$526.8 billion in 2023.
Citing SIA President and CEO John Neuffer, the report highlights that the global semiconductor market achieved a record year of sales in 2024, with annual sales exceeding USD 600 billion for the first time. Masu. Going forward, the market is projected to experience double-digit growth in 2025, as quoted in a press release from SIA.
SIA, as the press release shows, accounts for 99% of the US semiconductor industry and nearly two-thirds of non-US chip companies by revenue.
Additionally, SIA reported that sales for the fourth quarter of 2024 reached USD 1700.9 billion, an increase of 17.1% compared to the same period in 2023, and a 3.0% increase from the third quarter of 2024. I’m doing it.
However, global semiconductor sales in December 2024 were US$57 billion totaling US$57 billion, reflecting a 1.2% decline from November 2024, as SIA notes.
As SIA shows, annual sales increased in the Americas (44.8%), China (18.3%) and Asia-Pacific/all others (12.5%), while in Japan (-0.4%), Europe (-8.1%) 2024. In December 2024, monthly sales increased by 3.2% in the Americas, but in other regions, Asia Pacific/all others fell by 1.4%, China fell by 3.8%, and Japan fell by 4.7%. Japan has experienced the biggest decline at 4.7%, while Europe has experienced the biggest decline at 6.4%.
Certain semiconductor product segments showed particularly strong performance in 2024 sales. According to SIA, Logic Products led the market in 2024, generating sales of USD 212.6 billion, becoming the top-selling product category. Memory products ranked second, with sales rising 78.9% year-on-year to US$165.1 billion. In particular, DRAM products within the memory sector experienced the highest growth rate in all categories, with sales surged by 82.6% in 2024.
A press release from SIA states that monthly sales data is compiled by the World Semiconductor Trade Statistics (WSTS) organization and reported as a three-month moving average.
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Please note that this article quotes information from Semiconductor Industry Association (SIA).
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