Electronics Weekly Electronics Design & Components Tech News
Intel blamed excess inventory for the weak outlook. The other five companies providing revenue guidance are in the 4% to 8% range.
ST and NXP expect automotive to improve in 3Q 2024, but inventory issues remain in the industrial sector. Texas Instruments projects strength in personal electronics.
The 3Q 2024 weighted average revenue growth of the nine non-memory companies providing guidance was 5%.
The substantial increase in the semiconductor market in the first half of 2024 (up 18% from the first half of 2023) will drive robust growth for the full year 2024.
2024 forecasts from the last few months range from 14.4% from the Cowan LRA Model to 20.7% 
from Statista Market Insights. SI’s projection of a 17.0% increase in 2024 is in line with Gartner at 17.4% and WSTS at 16.0%.
The four estimates for 2025 show similar trends – slower but still strong growth ranging from SI’s 11.0% to Statista’s 15.6%.
The growth deceleration from 2024 to 2025 ranges from minus 3.5 percentage points from WSTS (16% to 12.5%) to SI’s minus 6 percentage points (17% to 11%). SI’s initial projections for 2026 are in the mid-single digits.
The momentum from AI and a recovering memory market should taper off by then. The other major end markets (smartphones, PCs and automotive) will probably see flat to low growth in the next couple of years.
Barring any significant new growth drivers to boost the market or an economic downturn to depress the market, the outlook for the semiconductor market should remain in the mid-single digits through the end of the decade.
