Analysis

European semiconductor market up six percent

The European Semiconductor Industry Association (ESIA) reported that European sales of semiconductors reached $3.214bn in October 2020, an increase of six percent compared to the September’s sales. The figures are based on the latest World Semiconductor Trade Statistics (WSTS) report and show that October was the fourth consecutive growth month in the European semiconductor market, exhibiting faster growth than other regions.

On a worldwide basis, semiconductor sales in October 2020 were $39.034bn, up 3.1% from the previous month. All growth numbers represent a three-month moving average.

In October, European sales continued their month-to-month growth trajectory across all major product categories, with Sensors & Actuators, Total Analog and MOS micro-components performing particularly well at a respective growth rate of 10.4%, 7.3% and 5.0% from September. Application-specific were up worldwide on a monthly basis, led by wireless and automotive applications.

In October, the effects of exchange rate dynamics were slightly less visible than in previous months when comparing market growth in Euros and in Dollars. Measured in Euro, semiconductor sales were €2.726bn in October 2020, up 5.0% versus the previous month and a decrease of 10.6% versus the same month a year ago. On a year-to-date (YTD) basis, semiconductor sale declined by 8.7%.

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