Rebound Electronics Market Insights Q2 2024 - Flipbook - Page 2
enquiries@reboundeu.com
General Market Insight
Semiconductor Industry Market Outlook
Semiconductor Market Forecast Summary
The World Semiconductor Trade Statistics (WSTS) anticipates robust growth in the global semiconductor market,
projecting a 16% increase in 2024 with an estimated market valuation of US$611 billion, driven mainly by significant
gains in Logic and Memory sectors. The Americas and Asia Pacific are expected to see the most substantial growth,
while Europe and Japan show minimal growth and a slight decline, respectively. For 2025, WSTS forecasts a continued
solid growth of 12.5 percent, reaching US$687 billion, again led by the Memory and Logic sectors, with all regions
poised for expansion.
Note: Numbers in the table are rounded to whole millions of dollars, which may cause totals by region and totals by product
group to differ slightly.
Source: WSTS Report, June 2024
Electric Car Sales Surge, Set to Reach 17 Million Vehicles in 2024, Driven by Global Growth and
Policy Support
17M
EVs in 2024
Electric car sales continue to surge globally, with projections for 2024 reaching
around 17 million vehicles, making up more than 20% of total car sales. Major
markets like China, Europe, and the US are leading the charge, while emerging
economies such as Vietnam and Thailand are also seeing significant growth.
Despite challenges such as tight margins and fluctuating battery prices, the market
is bolstered by increasing competition, policy support, and falling prices. In 2023,
electric car sales hit nearly 14 million, marking an 18% share of the global market
and a 35% year-on-year increase. As the industry progresses, affordability and
infrastructure development remain crucial for sustaining this rapid growth.
2
REBOUND ELECTRONICS
Liaise with your account manager for more information.
