Views: 9999 Author: Site Editor Publish Time: 2025-02-12 Origin: Site
At a time when science and technology are developing rapidly, the electronic components industry is undergoing profound changes. According to a report from the China Research Institute of Industry, the scale of the global electronic components market has continued to expand in recent years. In 2024, global semiconductor sales reached approximately US$626.87 billion, a year-on-year increase of 19%. This growth trend is expected to continue in 2025. As the core component of electronic equipment, the market demand for electronic components continues to rise, bringing new development opportunities to the industry.
1.Global market growth trend
The global electronic components market continues to grow strongly, with technological innovation and industrial upgrading forming a dual driving force. According to the latest data from the World Semiconductor Trade Statistics Organization (WSTS), global semiconductor sales will exceed US$626.87 billion in 2024, a year-on-year increase of 19%, setting a record high growth rate in the past decade. The market structure presents three significant characteristics:
In-depth expansion of application scenarios
The AI chip market leads the industry with a compound growth rate of 43.2%. Heterogeneous computing architecture products such as NVIDIA H100 and AMD MI300 have driven global AI server shipments to exceed 2 million units. Driven by the new energy industry, the power semiconductor field has seen the market size of IGBT and silicon carbide devices reach US$17.8 billion and US$4.8 billion respectively, and the production capacity of companies such as China's BYD Semiconductor and Germany's Infineon continues to expand.
Technology iteration accelerates evolution
TSMC's 3nm process yield has exceeded 85%, and its monthly production capacity has increased to 120,000 wafers, driving a 18% reduction in the cost of high-end logic chips. In the field of memory chips, Samsung Electronics took the lead in mass production of 321-layer 3D NAND, with a single chip capacity exceeding 2TB. The third-generation semiconductor material market grew by 62% year-on-year, and the price of silicon carbide substrates fell by 37% compared with 2022, accelerating the penetration of electric vehicle charging piles.
Regional market differences are prominent
The Asia-Pacific region contributes 62% of global semiconductor consumption, and China's new energy vehicle production has exceeded 18 million, driving a surge in demand for automotive-grade chips by 89%. Driven by the demand for AI computing power, the North American market has seen a 34% year-on-year increase in data center chip purchases. Europe passed the "Chips Act" to inject 43 billion euros, and the first local 12-inch wafer fab was put into production in Dresden, Germany.
According to Gartner's forecast, the global electronic components market will exceed US$700 billion in 2025, including:
The proportion of automotive electronics will increase to 18%, and the demand for ADAS system chips will reach US$24 billion
The market size of sensors in the field of industrial automation will exceed US$38 billion
Consumer electronics enter the AR/VR driven cycle, and the shipment volume of micro display devices is expected to increase by 75%
It is worth noting that the reconstruction of the supply chain has spawned new formats. The average proportion of R&D investment of the top ten semiconductor companies in the world has risen to 22.8%, and leading foundries such as TSMC and Intel have shifted 20% of their production capacity to dedicated chip customization services. With the breakthrough of the industrialization of photonic chips and quantum components, the electronic components market is ushering in a key turning point in the change of technological paradigm.
2.China's market performance is outstanding
The Chinese market occupies an important position in the global electronic components industry. From January to November 2024, China's integrated circuit imports and exports maintained a steady growth trend, with exports exceeding US$145.5 billion and the import and export deficit reduced to US$184.1 billion. This data shows that China's self-sufficiency in the field of electronic components is gradually improving. At the same time, regions such as Hong Kong, South Korea, Taiwan, and Vietnam have become the main export destinations for China's integrated circuits, among which Hong Kong, China, as the main export transit station, has played an important role. In addition, Southeast Asian markets such as Vietnam and Malaysia have seen rapid export growth, showing the strong competitiveness of China's integrated circuit industry in the Asian market.
3.Industry technological innovation and trends
Technological innovation is the core driving force for the development of the electronic components industry. In 2024, AI-related chip categories will rise in both quantity and price, and supply will exceed demand, becoming the fastest growing category in the market. In particular, products such as GPUs and HBMs from companies such as NVIDIA continue to grow in demand due to the rapid development of AI technology. In addition, the application of analog chips, automotive-grade MCUs, MOSFETs, IGBTs and other products in the automotive and industrial fields also presents different market performances. In the future, with the continuous advancement of technology, the electronic components industry will develop in the direction of higher performance, lower power consumption and smaller size.
4.Reshaping the industry competition landscape
In 2024, the competition landscape of the electronic components industry has changed significantly. With strong growth in the data center and server fields, WT Microelectronics has surpassed Arrow in quarterly revenue for two consecutive quarters, becoming the leader in the global electronic components distribution field. At the same time, companies such as WPG also set a record high, showing the fierce competition within the industry. Globally, the uncertainty of demand in the European and American markets has brought challenges to distributors, while the growth of AI-related orders has brought new opportunities to the industry.
5.Future Outlook
Looking forward to 2025, the electronic components industry will continue to face opportunities and challenges. Fields such as AI, new energy and electric vehicles will continue to drive the growth of market demand. At the same time, global semiconductor sales are expected to reach approximately US$660 billion, an increase of approximately 5% year-on-year. China's import and export volume in the field of integrated circuits is expected to continue to grow, especially exports in the Southeast Asian market will maintain a strong momentum. In addition, with the continuous advancement of technology, the electronic components industry will develop in the direction of higher performance, lower power consumption and smaller size, bringing more innovation opportunities to the industry.
We will continue to pay attention to industry trends, provide customers with higher quality products and services, and work together to embrace a smarter and greener future.
