Seasonal characteristics of electronic components industry boom

The operation characteristics of electronic components industry is fluctuated frequently, obvious seasonal characteristics. But in the first quarter of 2006, the global semiconductor industry and China's electronic components industry continued to rebound in the end of 2005 the trend of the economy, the emergence of the off-season is not weak situation.

According to a global PC mobile phone market and order tracking survey, due to reduced demand for enterprises and personal computer orders fell sharply, PC market orders in February this year began to decrease, at the same time as the major mobile phone manufacturers to enter the production period of adjustment, mobile phone market demand. It is expected that in 2006, China's electronic components industry will end a few years ago, the high growth rate, began to enter the slowdown in the channel, is expected to maintain steady growth of 15% ~ 20%.

In the first quarter of this year, the global semiconductor industry and China's electronic components industry has emerged in the off-season is not weak situation. 1 ~ February global semiconductor industry sales totaled $35 billion 800 million, an increase of 3.79% over the same period in 2005. From 1 to February, China's electronic components industry, electronics industry total sales were 70 billion 300 million yuan, 298 billion 217 million yuan, an increase of 41.9% and 28.24% respectively, while the same period last year their sales growth were 29.4% and 11.25%, China's electronic components business level continues to increase a quarter.

Look at the running trend of the first quarter of the main indicators of the industry, semiconductor industry boom industry showed a steady increase, PCB (printed circuit board) industry boom significantly increased, and the display industry is still operating in the economy at the bottom.

2006, China's electronic components industry and compared to previous years, the growth rate will slow down, is expected to maintain steady growth of 15% ~ 20%. 2007, China's electronic components industry will follow the global semiconductor industry into a new round of growth, growth is expected to exceed 20%.

From the trend of the global semiconductor industry, according to the 2006 macroeconomic and downstream electronics market demand, the overall demand of the global semiconductor market will continue to rise in the second half of 2005, to maintain steady growth. According to the conductor industry inventory level, chip manufacturers capacity utilization, industrial capital expenditure, and determine the upstream raw material prices, in 2006 the global semiconductor market supply will maintain rapid growth in supply is slightly higher than the demand, but does not appear serious excess supply.

Global semiconductor industry market demand and supply situation, the global semiconductor market in 2006 is expected to grow by about 8% in 2007, the growth rate is expected to exceed 10%.

From the perspective of global macroeconomic trends, more than a decade of semiconductor industry trends and the global economy to maintain a high degree of correlation. IMF predicts that in 2006 the global economic growth rate will be 4.3%, relative to the high growth of the economy in 2004, global economic growth slowed in 2005 and in 2006. In the context of the global economy is in a stable state of low speed, the growth rate of the semiconductor industry will not be too fast.

From the perspective of China's macroeconomic trends, since 2003 China's macroeconomic maintained more than 9% of the rapid growth, GDP growth is far more than the global. Therefore, China's electronic components industry growth will be significantly faster than the growth rate of the global semiconductor industry.

Semiconductor industry downstream electronics products are mainly PC, mobile phones and digital cameras and other consumer electronics products. PC market, according to IDC (International Data Corporation) data, is expected from 2006 to 2008, the PC market to maintain steady growth in shipments in 2006 grew by 10.5% in 2009 slowed to about.

In the mobile phone market, according to the international famous IT Market Research and consulting firm Gartner (Gartner) data, in 2005 the global mobile phone total sales of 816 million 600 thousand, compared with 2004 growth of about 21%, is expected to 2006 mobile phone sales growth rate of 10% to 15%, the growth rate over the previous two years have come down.

MP3, flash memory, digital cameras and other consumer electronics products, is the semiconductor industry in the last two years the most active part of the market. This type of electronic products to maintain a high growth rate, for the recovery of the semiconductor industry has played a role in the recovery. Because at present this kind of consumer electronics products in the overall share of electronic products in the market is still relatively small, so the future will hold a rapid growth, market share will be further expanded, gradually increase the influence degree of the semiconductor industry.