Rebound Electronics Market Insights Q2 2024 - Flipbook - Page 4
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General Market Insight
Semiconductor Industry Market Outlook
Global Smartphone Market Soars 11% in Q1 2024; Samsung Leads with 20% Share
The global smartphone market kicked off 2024 with a robust 11% year-on-year growth in Q1, fueled by
recovering consumer demand and a stabilizing economy. Samsung reclaimed the top spot with a
commanding 20% market share, driven by strong reception for its Galaxy AI features. Apple followed closely
with 16%, navigating challenges in key markets. Xiaomi secured third place at 14%, buoyed by the popularity
of its Redmi A3 model. As vendors focus on premium offerings and strategic expansions in emerging markets,
the industry anticipates sustained growth amidst cautious inventory management amid global economic
uncertainties.
Top 5 Companies, Worldwide Smartphone Shipments, Market Share, and Y-O-Y Growth, Q1 2024
Company
1Q24 Shipments
1Q24 Market Share
1Q23 Shipments
1Q23 Market Share
Y-O-Y Growth
Samsung
60.1
20.8%
60.5
22.5%
-0.7%
Apple
50.1
17.3%
55.4
20.7%
-9.6%
Xiaomi
40.8
14.1%
30.5
11.4%
33.8%
Transsion
28.5
9.9%
15.4
5.7%
84.9%
OPPO
25.2
8.7%
27.6
10.3%
-8.5%
Others
84.7
29.3%
79.0
29.4%
7.2%
Total
289.4
100.0%
268.5
100.0%
7.8%
Preliminary results, shipments are in millions of units
Source: IDC Quarterly Mobile Phone Tracker, April 15, 2024
Global Semiconductor Capacity to Surge with AI Demand Driven by China and Leading-Edge Nodes
6%
Projected Fab Capacity
Growth in 2024
The global semiconductor industry is set for a robust expansion, with fab capacity
anticipated to grow by 6% in 2024 and 7% in 2025, reaching a record 33.7 million
8-inch equivalent wafers per month, according to SEMI. Leading-edge capacity for
5nm nodes and below is projected to rise by 13% in 2024, fueled by AI
advancements, with a further boost of 17% in 2025 as manufacturers like Intel,
Samsung, and TSMC transition to 2nm Gate-All-Around (GAA) processors.
Chinese chipmakers will lead the charge with a 14% increase in capacity by 2025,
while the global memory sector, particularly DRAM, is expected to see significant
growth due to AI-driven demand for High Bandwidth Memory (HBM).
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