SAN JOSE – The Semiconductor Industry Association today forecast worldwide semiconductor sales would drop 21.3% for the year to $195.6 billion.
In its annual mid-year forecast, the trade group projects that sales will begin to rebound in 2010, with year-on-year growth of 6.5% to $208.3 billion, followed by 6.5% growth in 2011 to $221.9 billion.
The numbers pale against SIA's last semiannual forecast. In November, the group projected 2009 sales would decline 5.6% to $246.7 billion, then grow 7.4% in 2010 and 7.5% in 2011.
However, the SIA is referring to the predicted 2010 recovery in annualized terms. Month-by-month, the rebound may have already begun. Earlier in the week, the trade group said worldwide sales of semiconductors rose a better-than-expected 6.4% sequentially in April, driven by moderate improvements in a number of end-demand drivers and inventory replenishment. March was up over February as well.
In 2008, the industry totaled sales of $261.2 billion, up 2.2% from 2007.
TEMPE, AZ -- The nation's top indicator of purchasing activity rose 2.7 points in May to its highest level in eight months as the manufacturing sector slowly emerges from the recession bottom.
LOS ALTOS, CA – The medical electronics industry is not immune to the recession. First-quarter equipment sales dropped 2.6% from last year, says Henderson Ventures. The downturn in sales is attributed to a combination of dropped insurance coverage and stricter approval policies.
Henderson forecast equipment production to grow up to 9.7% in 2011, on an economic recovery and federal stimulus.
STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall.
The firm cited better-than-expected first quarter PC shipments and inventory replenishment.
Gartner further guided for 4.9% growth in the second quarter.
The research firm forecasts overall sales of $198 billion for the year as stabilizing prices balance tepid consumer demand.