Global semiconductor sales are projected to increase 16.0% in 2024 and 12.5% in 2025, according to the US-based Semiconductor Industry Association (SIA).

In a statement, the SIA said global semiconductor industry sales rose 15.8% year-on-year to US$46.4 billion in April from US$40.1 billion a year earlier.

It said the figure was 1.1% higher than US$45.9 billion in March.

SIA president and chief executive officer John Neuffer said the global semiconductor industry posted double-digit sales increases on a year-on-year basis during each month of 2024, and worldwide sales in April increased on a month-on-month basis for the first time this year, indicating positive market momentum.

“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,” he said.

The SIA said that regionally, year-on-year sales in April increased in the Americas (32.4%), China (23.4%), and Asia-Pacific/all others (11.1%), but decreased in Europe (-7.0%) and Japan (-7.8%).

Month-on-month sales in April increased in the Americas (4.2%), Japan (2.4%), and China (0.2%), but decreased in Asia-Pacific/all others (0.5%) and Europe (0.8%).

Additionally, the SIA endorsed the World Semiconductor Trade Statistics (WSTS) Spring 2024 global semiconductor sales forecast, which projects annual global sales to grow to US$611.2 billion in 2024, which would be the industry’s highest-ever annual sales total.

In 2025, global sales are projected to reach US$687.4 billion.

The 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.