WASHINGTON – Worldwide sales of semiconductors reached $37.1 billion for the month of October, up 21.9% year-over-year and 3.2% sequentially, says the Semiconductor Industry Association, marking the industry’s largest ever monthly sales total.

All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.

“The global semiconductor market continued to grow impressively in October, with sales surpassing the industry’s highest ever monthly total and moving closer to topping $400 billion for 2017,” said John Neuffer, president and CEO, SIA. “Market growth continues to be driven in part by high demand for memory products, but combined sales of all other semiconductor products were up substantially as well, showing the breadth of the market’s strength this year.”

Regionally, year-over-year sales increased in the Americas (40.9%), Europe (19.5%), China (19.1%), Asia Pacific/All Other (16.3%), and Japan (10.7%). Sequentially, sales were up in the Americas (6.8%), China (2.6%), Europe (2.6%), Japan (1.8%), and Asia Pacific/All Other (1.5%).

The latest WSTS industry forecast now projects annual global market growth of 20.6% in 2017 and 7% in 2018. The WSTS expects worldwide sales to be $408.7 billion in 2017. This would mark the industry’s highest ever annual sales and its first time topping $400 billion.

WSTS projects double-digit year-over-year increases across all regional markets for 2017: the Americas (31.9%), Asia Pacific (18.9%), Europe (16.3%), and Japan (12.6%). Beyond 2017, growth in the semiconductor market is expected to moderate across all regions.

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