Europe overtakes Asia in chip market growth
The global chip market recorded its fifteenth consecutive month of year-on-year growth with a three-month average sales figure of $37.09 billion, according to the European Semiconductor Industry Association (ESIA) reporting figures compiled by the World Semiconductor Trade Statistics (WSTS) organization.
Three-month average of sales for October and September 2017. Source: ESIA/WST
The global market was up year-on-year by 21.9 percent. The Asia-Pacific region – including China and Taiwan but not Japan – buys more than half the world’s semiconductors and enjoyed 17.8 percent growth. The smaller Americas market had a three-month market average of $8.5 billion and is growing much faster than the equivalent $11.7 billion Chinese market.
Japan’s market is growing at a more modest rate and that growth rate is falling and an indication of structural problems within the Japanese chip market and wider economy.
Monthly data is given by the ESIA and SIA as a three-month average, with the exception of year-to-date figures, 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 shows troughs at the beginnings of quarters and peaks at the ends of quarters.
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