Europe lags as chip market motors
The ESIA reported numbers gathered by the World Semiconductor Trade Statistics organization. With the Asia-Pacific region, including China, showing year-on-year growth in November of 10.4 percent, the likelihood is that 2016 will be a growth year for the semiconductor market.
The pace of year-on-year global chip market growth increased again in November led by the regions of the eastern hemisphere and with the Americas regions starting to show growth as well.
Three-month average of sales for October and November 2016. Source: ESIA/WSTS.
The global three-month averaged chip market in November was $31.027 billion an increase of 7.4 percent. Year-on-year sales increased 15.8 percent in China, by 8.2 percent in Japan and by 10.4 percent in the Asia-Pacific Region including China but excluding Japan.
As a result, chip sales for the first 11 months of 2016 are now just 0.3 percent behind those achieved in the same period in 2015. If the sales growth continues 2016 will be a growth year, although the best that can be looked for is low single-digit percentage growth for 2016 compared with 2015. Nonetheless this would exceed the predictions of recent months from almost all the market analysts and forecasters (see Global chip market to shrink for three years, says IHS and Chip market going down, says Future Horizons ).
The sales numbers are compiled by WSTS. Monthly data is given by the ESIA as a three-month average, although the WSTS organization tracks actual monthly data. The ESIA and other regional semiconductor industry bodies opt to use averaged data because it evens out the actual data that typically show troughs at the beginnings of quarters and peaks at the ends of quarters.
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Japan grows again as global chip market shrinks
Chip market off to slow start in 2016
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