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(Billions of US dollars)
(Source: World Semiconductor Trade Statistics (WSTS))
0
100
200
400
300
55.2
37.4
42.9
299.5
164.0
58.5
37.4
37.6
324.9
191.4
55.2
34.9
35.4
312.9291.6
172.2
57.1
36.3
36.8
182.7
54.4
33.2
41.1
297.8
163.0
2011 2012 2013 20152014
1 Mobile phones
2 AV/Consumer electronics
3 PCs and peripherals
4 Automobiles
5 Industrial machinery
6 Communications devices
7 Others
GRAPH 1 GRAPH 2
Sales of Logic LSI Products by Application
for the Year Ended March 31, 2013
Global Semiconductor Market Forecasts
4
2
3
67
51
Americas
Europe
Japan
Asia-Pacific
2012 Global Market Trends
In 2012, the global semiconductor
market contracted 2.7% year on year to
US$291.6 billion*1, experiencing nega-
tive growth after expanding 0.4% year on
year in 2011. This marked a slight market
contraction compared with 2010 and
2011. GRAPH 2 The main reason was
the rise of smartphones and tablet PCs,
which cut into demand in the conven-
tional PC and AV equipment markets,
including digital cameras and game
consoles, as well as the feature phone
market. Another factor was the underper-
forming global economy.
Geographically, the Japanese market
shrank 4.3%* year on year (4.2%* on a
yen basis), declining for a second con-
secutive year, mainly due to factors such
as sluggish global economic performance
and stagnant domestic production
caused by the yen’s appreciation. The
business environment was challenging
as Japanese manufacturers struggled in
the face of intensified competition with
global players in the smartphone market
in addition to a weak AV equipment
market. The Asian market experienced
slight negative growth, contracting 0.6%
year on year, compared with growth of
2.5% in 2011. This was partly due to the
impact of weak exports reflecting the
global economic recession, particularly
in Europe. The European market con-
tracted sharply, by 11.3% year on year,
mainly due to the impact of protracted
economic stagnation stemming from
fiscal austerity measures, a rising unem-
ployment rate, and other factors. In the
Americas, market growth was a negative
1.5% year on year, as a sharp drop in
demand for PC and other applications
outweighed continued strong demand
for communications equipment and
automotive applications.
Outlook for 2013
In 2013, the global semiconductor
market is expected to grow 2.1%*1 year
on year to US$297.8 billion, rebounding
to levels slightly above 2010 and 2011.
GRAPH 2
By region, the Americas market is
forecast to grow 1.6%*1, with Europe set
to increase 5.3%*1 year on year. The
Japanese market is expected to contract
13.8%*1, while the Asia-Pacific market is
expected to increase 5.7%*1. The large
projected negative growth in the Japa-
nese market largely reflects the appar-
ently sharp contraction in the market
when stated on a U.S. dollar basis follow-
ing the yen’s depreciation since the
autumn of 2012. On a yen basis, how-
ever, the Japanese market is forecast to
contract by only 0.3%*1 year on year*2.
Against the backdrop of an improving
export environment supported by the
weaker yen and the positive impacts of
financial policies, the Japanese market is
projected to see continued growth in the
smartphone and tablet PC markets, as
well as a rebound in the automobile and
industrial equipment markets. However,
the AV equipment-related market, includ-
ing conventional PCs and digital cam-
eras, is expected to remain sluggish,
leading to a continuation of severe condi-
tions on the whole.
In terms of products, although the
market for MOS microcontrollers is
expected to contract 2.9%*1 year on year,
the memory market, which includes
DRAM and Flash memory, and the
market for logic products are both
expected grow year on year, by 5.9%*1
and 4.3%*1, respectively.
The global semiconductor market is
projected to continue growing through
2014 and into 2015, with anticipated
increases of 5.1%*1 to US$312.9 billion in
2014, and 3.8%*1 in 2015 to US$324.9
billion. An average annual growth rate of
3.7%*1 is expected to be seen between
2012 and 2015.
*1 Semiconductor market estimates according to World
Semiconductor Trade Statistics (WSTS), spring 2013
forecast.
*2 The WSTS semiconductor market estimates are
premised on yen-U.S. dollar exchange rates of ¥79.7 in
2012, and ¥92.2 from 2013.
Market Trends
048 FUJITSU LIMITED ANNUAL REPORT 2013