ELECTRONICS NEWS HIGHLIGHTS W20.2023
1. MANUFACTURERS SCALE BACK GROWTH EXPECTATIONS
Expectations for U.S. manufacturing growth have diminished since the Institute for Supply Management’s year-end outlook in December. Revenue for 2023 is expected to increase, on average, by 1.7 percent. This is 3.8 percentage points lower than the December 2022 forecast of 5.5 percent. “Manufacturing continues its comeback from the turmoil that began in 2020 and is expected to continue through this year, albeit somewhat softer than originally expected” said Tim Fiore, chair of the ISM’s manufacturing survey committee.
2. THE RISE OF AUTOMOTIVE SEMICONDUCTORS: A 290B EUROS MARKET BY 2030
During the past 30 years, sales of automotive semiconductors have always accounted for a small and stable market share compared with popular markets such as industry and communication. However, in recent years, with the outstanding development from the demand and investment of the electric car industry, the automotive semiconductor market has grown tremendously. According to experts, the automotive semiconductor market will reach 290 billion euros by 2030.
3. YOLE: GLOBAL SEMICONDUCTOR EQUIPMENT REVENUE IS EXPECTED TO DROP BY 13% YEAR-ON-YEAR IN 2023
According to a report recently released by Yole, the total market value of the wafer manufacturing equipment industry is expected to be $87 billion in 2023, and will stabilize in the future and reach $107 billion in 2028, with a compound annual growth rate of 4.3%. This result shows that global device sales are expected to decline 13% compared to 2022. According to the report, the market has entered a period of equipment capacity digestion after setting records for semiconductor fab equipment revenue for three consecutive years.