Market Watch
EDITED by CHELSEY DRYSDALE
Calm Before the Storm

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

%CHANGE
DEC.
JAN.
FEB.
YTD%
Computers and electronics products
0.8
1.2
-0.4
8.1
Computers
-2.4
6.5
2.3
3.5
Storage devices
1.4
20.4
-4.7
28.7
Other peripheral equipment
-3.8
9.9
-3.5
19.9
Nondefense communications equipment
2.8
-5.5
-0.5
14.2
Defense communications equipment
-11.3
4.5
2.9
9.8
A/V equipment
-12.9
17.7
0.5
21.8
Components1
-0.5
1.1
-0.9
6.3
Nondefense search and navigation equipment
-1.0
3.0
-1.0
-1.2
Defense search and navigation equipment
0.9
4.7
-2.2
3.2
Medical, measurement and control
1.5
2.2
-0.9
9.8
rRevised. *Preliminary. 1Includes semiconductors. Seasonally adjusted.
Source: U.S. Department of Commerce Census Bureau, Apr. 5, 2021
Metals Index
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LME Lead graph
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Hot Takes
  • PCB and MCM design software revenue fell 0.8% year-over-year to $292.9 million in the fourth quarter. (ESDA)
  • Sales at the top 50 EMS companies accounted for $384 billion in revenue, up 4.6% year-over-year, largely due to the top 10 EMS firms. (MMI)
  • Shipments of smart home devices, up 4.5% in 2020, will grow 12% per year over the next five years. (IDC)
  • North American electronics manufacturing orders in February rose 21.5% year-over-year and 16.7% sequentially. Shipments were up 6.4% compared to 2020. (IPC)
  • The global semiconductor industry is on track to register a rare three consecutive years of record highs in fab equipment spending, with a 16% increase in 2020, followed by forecast gains of 15.5% this year and 12% in 2022. (SEMI)
  • Substrate capacity remains tight for both flip chip ball grid array (FC-BGA) substrates and laminate-based CSPs. (Techsearch International)
  • German PCB manufacturers reported fourth quarter sales rose 1.7% from a year ago, bringing the full-year results to a loss of 9%. (ZVEI)
  • Exports of electronics goods by India reached an all-time high in December, with mobile phones accounting for most of the gains. (ICEA)
  • Total semiconductor unit shipments, including ICs and optoelectronics, sensor/actuator, and discretes, are forecast to rise 13% in 2021 to 1.13 trillion units, a new record. (IC Insights)
  • Worldwide IT spending is projected to total $4.1 trillion in 2021, up 8.4% from 2020. (Gartner)
  • Total TV panel shipments for 2021 will reach 269 million units, relatively unchanged compared to 2020 levels. (TrendForce)
  • Global shipments of traditional PCs, including desktops, notebooks, and workstations, grew 55% year-over-year during the first quarter. (IDC)
  • Worldwide sales of semiconductor manufacturing equipment surged 19% to an all-time high of $71.2 billion in 2020. (SEMI)
US Manufacturing Indices
NOV.
DEC.
JAN.
FEB.
MAR.
PMI
57.5
60.5
58.7
60.8
64.7
New orders
65.1
67.5
61.1
64.8
68.0
Production
60.8
64.7
60.7
63.2
68.1
Inventories
51.2
51.0
50.8
49.7
50.8
Customer inventories
36.3
37.9
33.1
32.5
29.9
Backlogs
56.9
59.1
59.7
64.0
67.5
Source: Institute for Supply Managemen, Apr. 1, 2021
Key Components
OCT.
NOV.
DEC.
JAN.
FEB.
Semiconductor equipment billings1
27.3%
23.1%
7.6%
29.8%r
32%p
Semiconductors2
5.86%
8.4%
9.55%
13.2%r
14.7%p
PCBs3 (North America)
0.97
1.05
1.10
1.14
1.29
Computers/electronic products4
5.01
5.13
5.11
5.05r
5.10p
Sources: 1SEMI, 2SIA (3-month moving average growth), 3IPC, 4Census Bureau, ppreliminary, rrevised