Market Watch
EDITED by CHELSEY DRYSDALE
Packing it in

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

%CHANGE
FEB.
MAR.
APR.
YTD%
Computers and electronics products
-1.0
0.9
0.8
8.2
Computers
0.9
-3.1
0.3
2.6
Storage devices
2.6
0.9
7.5
27.0
Other peripheral equipment
-1.0
-5.1
11.6
15.8
Nondefense communications equipment
-1.4
0.9
-2.2
14.3
Defense communications equipment
0.9
-1.3
-4.4
4.7
A/V equipment
-10.7
-1.8
1.4
0.0
Components1
-0.8
0.7
-0.4
8.2
Nondefense search and navigation equipment
-4.3
-1.3
4.1
0.7
Defense search and navigation equipment
-2.6
0.2
1.7
2.6
Medical, measurement and control
-1.0
1.2
0.9
9.3
rRevised. *Preliminary. 1Includes semiconductors. Seasonally adjusted.
Source: U.S. Department of Commerce Census Bureau, June 4, 2021
Metals Index
Hot Takes LME tin graph
Hot Takes LME lead graph
Hot Takes LME Copper graph
Hot Takes Comex Silver graph
Hot Takes
  • Taiwanese PCB makers saw combined first quarter output value in Taiwan and China surge 27% year-over-year to NT$173.4 billion (US$6.1 billion). (TPCA)
  • Wearable device shipments reached 105 million units in the March period, a 34% increase from a year ago and the first time first quarter shipments topped 100 million units. (IDC)
  • The electronics industry saw strong production growth in 2020, and the first quarter 2021 was a record quarter compared to a year ago. Still, capital equipment spending is increasing, and growth should continue if shortages do not hold back the industry. (TechSearch International)
  • Semiconductor manufacturers worldwide are on track to boost 200mm fab capacity by 950,000 wafers, or 17%, from 2020 through 2024, to reach a record high of 6.6 million wafers per month. (SEMI)
  • Three-month shipments by North American EMS companies rose 11.5% year-over-year in April, falling 11.9% sequentially. Orders rose 22.6% year-over-year during the same period but decreased 14% from the previous month. (IPC)
  • PC shipments are expected to grow 18% in 2021 to 357 million units. PC growth is expected to drop 2.9% in 2022, but the overall five-year CAGR remains positive at 3%. (IDC)
  • After a steep drop in 2019, memory IC sales rebounded 15% in 2020, and stronger DRAM pricing is expected to lift total memory revenue 23% this year to $155 billion. From 2020 through 2025, the total memory market will grow at a CAGR of 10.6%. (IC Insights)
  • Worldwide smartphone shipments are likely to reach 650 million units in the first half, and 1.32 billion for the year, up 6.4%. (Digitimes Research)
  • The worldwide semiconductor shortage will last through this year and not recover to normal levels until the second quarter of 2022. (Gartner)
US MANUFACTURING INDICES
JAN.
FEB.
MAR.
APR.
MAY.
PMI
58.7
60.8
64.7
60.7
61.2
New orders
61.1
64.8
68.0
64.3
67.0
Production
60.7
63.2
68.1
62.5
58.5
Inventories
50.8
49.7
50.8
46.5
50.8
Customer inventories
33.1
32.5
29.9
28.4
28.0
Backlogs
59.7
64.0
67.5
68.2
70.6
Source: Institute for Supply Management, June 1, 2021
Key Components
DEC.
JAN.
FEB.
MAR.
APR.
Semiconductor equipment billings1
7.6%
29.8%
32.4%
47.9%r
49.5%p
Semiconductors2
9.55%
13.2%
14.7%
17.8%r
21.7%p
PCBs3 (North America)
1.10
1.14
1.29
1.22
1.16
Computers/electronic products4
5.11
5.12
5.20
5.18r
5.16p
Sources: 1SEMI, 2SIA (3-month moving average growth), 3IPC, 4Census Bureau, ppreliminary, rrevised