India, May 14 -- At the IFS 2025 Update, Malcolm Penn, Founder & CEO, Future Horizons, stated that 2024 global semiconductor market recovery has been flimsy, so far. The 2024 'recovery' was driven by ASP, and not units. Demand is still devilishly weak.

Future Horizons updated the May 2025 forecast for the global semiconductor industry at +8% (+/- 3%), to $681.109 billion. Bear growth is 5% at $661.940 billion.

Forecast

In Jan. 2025, the global semiconductor industry was forecast to grow 15% (+/- 4% in 2025. The year will have 15% growth for the global semiconductor industry to $723.652 billion. Bear shows 2025 growth at 11% to $699.009 billion.

Monthly annualized growth rates are trending steadily down. Excess capacity will plague the...