CircuiTree - September 2008 - (Page 46) By Walt Custer and Jonathan Custer-Topai Single-Digit Global Market Growth— But No Electronics Recession lthough 2008 is a slow growth year, we are now into the summer/autumn busy season without a disaster. By midyear, the seasonal upturn signs were becoming apparent. In June, global semiconductor shipments were up 8 percent on a three-month basis compared to the same period in 2007 (Chart 1). Electronic equipment revenues grew 10 percent worldwide in Q2 FY 08 (Chart 2)—a bit less than in prior quarters but certainly far from recessionary behavior. Inventories (Chart 3) remained under control throughout the supply chain. Despite dire predictions for 2008, electronic equipment demand remains decent and there is no huge inventory overhang—totally unlike the 2001 implosion scenario. Large EMS companies as a group reported an 8 percent revenue gain in Q2 FY 08 (Chart 4). Although global EMS sales growth has slowed (Chart 5), it has remained positive for five years. Custer Consulting Group’s world PCB shipment model (Chart 6) shows that through June we appear to be right on track for another second half seasonal recovery. World PCB sales were up 1.6 percent in A the first half of 2008 versus the first half of 2007 (and 3 percent in Q2 FY 08/Q2 FY 07). With electronic equipment, semiconductor, and EMS suppliers all in positive territory, the predictions of 2008 being a slow growth but non-recessionary year still look correct. PCB Fabrication Dr. Hayao Nakahara’s global market assessments: • 2007 estimated HDI microvia board production was: North America USD 170 million, Japan USD 4.2 billon (excluding USD 770 million made outside of Japan), Taiwan and China USD 2 billion, and Korea USD 1.4 billion; • Japanese manufacturers are investing over USD 1.2 billion to expand PCB capacity worldwide in 2008-2009; and • Japan was the number one global PCB producer in 2007 with a 32 percent market share. Annual revenue exceeded USD 16 billion inclusive of overseas production of USD 5.2 billion. Korea’s PCB manufacturing is expected to grow 7.2 percent yearChart 2 Chart 1 Chart 3 Chart 4 46 September 2008 • circuitree.com http://circuitree.com
Table of Contents Feed for the Digital Edition of CircuiTree - September 2008 CircuiTree - September 2008 Contents My Line Industry Review Tech Talk Flexible Thinking New Halogen-Free Materials: Their Time Has Finally Arrived Asian Section IPC Issues PCB and Package Convergence Ask the Flexperts Market Outlook IPCA Showcase Technical Product Spotlights Classified Ads Upcoming Events Ad Index CircuiTree - September 2008 CircuiTree - September 2008 - CircuiTree - September 2008 (Page Cover1) CircuiTree - September 2008 - CircuiTree - September 2008 (Page Cover2) CircuiTree - September 2008 - CircuiTree - September 2008 (Page 1) CircuiTree - September 2008 - Contents (Page 2) CircuiTree - September 2008 - Contents (Page 3) CircuiTree - September 2008 - Contents (Page 4) CircuiTree - September 2008 - Contents (Page 5) CircuiTree - September 2008 - My Line (Page 6) CircuiTree - September 2008 - My Line (Page 7) CircuiTree - September 2008 - Industry Review (Page 8) CircuiTree - September 2008 - Industry Review (Page 9) CircuiTree - September 2008 - Industry Review (Page 10) CircuiTree - September 2008 - Industry Review (Page 11) CircuiTree - September 2008 - Industry Review (Page 12) CircuiTree - September 2008 - Industry Review (Page 13) CircuiTree - September 2008 - Industry Review (Page 14) CircuiTree - September 2008 - Industry Review (Page 15) CircuiTree - September 2008 - Industry Review (Page 16) CircuiTree - September 2008 - Industry Review (Page 17) CircuiTree - September 2008 - Industry Review (Page 18) CircuiTree - September 2008 - Industry Review (Page 19) CircuiTree - September 2008 - Industry Review (Page 20) CircuiTree - September 2008 - Industry Review (Page 21) CircuiTree - September 2008 - Tech Talk (Page 22) CircuiTree - September 2008 - Tech Talk (Page 23) CircuiTree - September 2008 - Flexible Thinking (Page 24) CircuiTree - September 2008 - Flexible Thinking (Page 25) CircuiTree - September 2008 - New Halogen-Free Materials: Their Time Has Finally Arrived (Page 26) CircuiTree - September 2008 - New Halogen-Free Materials: Their Time Has Finally Arrived (Page 27) CircuiTree - September 2008 - New Halogen-Free Materials: Their Time Has Finally Arrived (Page 28) CircuiTree - September 2008 - New Halogen-Free Materials: Their Time Has Finally Arrived (Page 29) CircuiTree - September 2008 - Asian Section (Page 30) CircuiTree - September 2008 - Asian Section (Page 31) CircuiTree - September 2008 - Asian Section (Page 32) CircuiTree - September 2008 - Asian Section (Page 33) CircuiTree - September 2008 - Asian Section (Page 34) CircuiTree - September 2008 - Asian Section (Page 35) CircuiTree - September 2008 - Asian Section (Page 36) CircuiTree - September 2008 - Asian Section (Page 37) CircuiTree - September 2008 - Asian Section (Page 38) CircuiTree - September 2008 - Asian Section (Page 39) CircuiTree - September 2008 - Asian Section (Page 40) CircuiTree - September 2008 - IPC Issues (Page 41) CircuiTree - September 2008 - PCB and Package Convergence (Page 42) CircuiTree - September 2008 - PCB and Package Convergence (Page 43) CircuiTree - September 2008 - PCB and Package Convergence (Page 44) CircuiTree - September 2008 - Ask the Flexperts (Page 45) CircuiTree - September 2008 - Market Outlook (Page 46) CircuiTree - September 2008 - Market Outlook (Page 47) CircuiTree - September 2008 - Market Outlook (Page 48) CircuiTree - September 2008 - Market Outlook (Page 49) CircuiTree - September 2008 - IPCA Showcase (Page 50) CircuiTree - September 2008 - Technical Product Spotlights (Page 51) CircuiTree - September 2008 - Classified Ads (Page 52) CircuiTree - September 2008 - Classified Ads (Page 53) CircuiTree - September 2008 - Classified Ads (Page 54) CircuiTree - September 2008 - Classified Ads (Page 55) CircuiTree - September 2008 - Ad Index (Page 56) CircuiTree - September 2008 - Ad Index (Page Cover3) CircuiTree - September 2008 - Ad Index (Page Cover4)
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.