Market Watch
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Trends in the U.S. electronics equipment market (shipments only)

%CHANGE
NOV.
DEC.
JAN.
YTD%
Computers and electronics products
-1.5
0.8
1.0
9.2
Computers
-0.5
-2.4
5.3
4.5
Storage devices
-1.8
1.4
20.4
30.7
Other peripheral equipment
3.1
-3.8
12.6
26.9
Nondefense communications equipment
-7.4
2.8
-5.3
15.3
Defense communications equipment
8.7
-11.3
3.7
8.4
A/V equipment
-3.8
-12.9
16.7
24.0
Components1
0.7
-0.5
1.3
8.1
Nondefense search and navigation equipment
-1.2
-1.0
2.4
-1.4
Defense search and navigation equipment
-2.2
0.9
4.8
6.7
Medical, measurement and control
-0.5
1.5
1.7
10.4
rRevised. *Preliminary. 1Includes semiconductors. Seasonally adjusted.
Source: U.S. Department of Commerce Census Bureau, Mar. 4, 2021
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Hot Takes
  • Total North American electronics manufacturing shipments rose 9.7% in January from a year ago. Sequentially, shipments fell 6.4%. (IPC
  • Employment in US engineering occupations is projected to grow 3% from 2019 to 2029, about as fast as the average for all occupations, with about 74,800 new jobs projected to be added. (Bureau of Labor Statistics)
  • Global smartphone sales to end-users declined 5.4% in the fourth quarter, while smartphone sales declined 12.5% in 2020. (Gartner)
  • The EMS sector recorded 26 transactions in 2020, down from 29 in 2019. (Lincoln International)
  • The 2020 output of the cross-strait Taiwanese PCB increased 5% year-over-year to NT$696 billion (US$25 billion). (TPCA)
  • Some 199 separate legal entities of 151 different EMS companies in Europe had total revenues of €8.2 billion (US$9.9 billion) in 2020, down 5.4%. (in4ma)
  • Worldwide government IT spending is forecast to total $483 billion in 2021, an increase of 5% from 2020. (Gartner)
  • PC shipment volumes grew 12.9% in 2020. (IDC)
  • Smartphone shipments are forecast to grow 14% year-over-year in the first quarter and 5.5% for the full year 2021. (IDC)
  • Automotive electronics sales are predicted to hit $641 billion by 2030, a CAGR of 7.6%. (Precedence Research)
  • MOSFET chip prices are set to rise significantly in the months ahead thanks to worsening shortages arising from persistently tight 8-inch foundry capacity. (DigiTimes)
  • Worldwide server shipments declined 3% year-over-year to nearly 3.3 million units in the fourth quarter. (IDC)
  • Global DRAM revenue reached $17.7 billion in the fourth quarter, a 1.1% increase from the previous year. (TrendForce)
  • IC Insights raised its 2021 IC market growth outlook 700 basis points to 19%.
US MANUFACTURING INDICES
OCT.
NOV.
DEC.
JAN.
FEB.
PMI
59.3
57.5
60.5
58.7
60.8
New orders
67.9
65.1
67.5
61.1
64.8
Production
63.0
60.8
64.7
60.7
63.2
Inventories
51.9
51.2
51.0
50.8
49.7
Customer inventories
36.7
36.3
37.9
33.1
32.5
Backlogs
55.7
56.9
59.1
59.7
64.0
Source: Institute for Supply Managemen, Mar. 1, 2021
Key Components
SEP.
OCT.
NOV.
DEC.
JAN.
Semiconductor equipment billings1
40%
27.3%
23.1%
7.6%r
29.9%r
Semiconductors2
5.79%
5.86%
8.4%
9.55%r
13.2%r
PCBs3 (North America)
0.93
0.97
1.05
1.10
1.14
Computers/electronic products4
5.15
5.01
5.13
5.11r
5.06p
Sources: 1SEMI, 2SIA (3-month moving average growth), 3IPC, 4Census Bureau, ppreliminary, rrevised