Demand fluctuations driven by slowing growth, declines and saturation in major markets
First written in FY2018-Q1. 10 of 32 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2027-H1.
Yokowo moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 43 of 75 companies on the "Worse" side.
23 other companies' latest entry also says "Other".
- FY2027-H1Generative AI, PC refresh demand, and smartphones drive the semiconductor test marketAnnual report
「The semiconductor test market, the segment’s principal market, showed strong overall growth as investment in advanced semiconductors became more active, driven by expanding demand related to generative AI.」
The description has shifted from market volatility, including weakness in traditional PC and smartphone demand, to strong growth driven by generative AI-related demand and investment in advanced semiconductors. - FY2026-H1The semiconductor testing market is growing strongly, while the automotive market is recovering gradually.Annual report
「The semiconductor testing market, one of this segment's key markets, is showing strong overall growth, driven by expanding generative AI-related demand, rising PC replacement demand and continued resilience in the smartphone market.」
Generative AI, PC replacement demand and smartphones are growth drivers in the semiconductor testing market, while the automotive market is expected to recover gradually despite the impact of U.S. tariff policies. - FY2025Generative AI-driven recovery coexisted with weakness in the major applicationsAnnual report
「In the semiconductor testing market, PC and smartphone applications remained sluggish and growth in industrial machinery and automotive applications slowed, but the market as a whole showed a slight recovery trend on rising demand related to generative AI.」
Weakness in PC and smartphone applications, as well as industrial machinery and automotive applications, persisted, while generative AI-related demand led the overall market to show a slight recovery trend. - FY2025-H1Generative AI-driven recovery coexisted with weakness in the major applicationsAnnual report
「Although the PC and smartphone markets remain weak and growth in industrial machinery and automotive applications has slowed, the semiconductor testing market, one of this segment's key markets, is continuing to recover gradually overall due to rising generative AI-related demand.」
The report describes the semiconductor testing market as entering a gradual recovery phase overall, driven by generative AI-related demand, although demand for PCs and smartphones, its major applications, remains sluggish. - FY2024WorsenedAnnual report
「Although generative AI-related business became a major focus and was buoyant, the semiconductor testing market faced a sharp decline in its largest areas, PCs and smartphones, as well as weak server demand, while semiconductor manufacturers successively undertook inventory adjustments and restrained capital investment.」
Generative AI-related business was buoyant, but a sharp decline in PC and smartphone demand, weak server demand, inventory adjustments and restrained capital investment occurred simultaneously. - FY2024-Q3WorsenedAnnual report
「In the semiconductor testing market, the segment's main market, demand for PCs and smartphones fell significantly amid inventory adjustments by semiconductor manufacturers and restrained capital investment. Sales remained sluggish for an extended period, including in servers.」
The report states that demand for PCs and smartphones fell significantly because of inventory adjustments and restrained capital investment by semiconductor manufacturers, while sluggish sales, including servers, persisted for an extended period. - FY2024-Q2Automotive market improvement coexisted with weakness in the semiconductor and mobile device marketsAnnual report
「In the semiconductor testing market, the segment's main market, demand for PCs and smartphones fell significantly amid inventory adjustments by semiconductor manufacturers and restrained capital investment. Sales remained sluggish for an extended period, including in servers.」
While automotive sales improved, the report states that demand for PCs and smartphones fell significantly in the semiconductor testing market and that weak sales, including servers, persisted for an extended period. - FY2024-Q1RestatedAnnual report
「The automotive market, the segment's main market, improved as the effects of the global semiconductor shortage and stagnant parts supplies gradually eased. Sales also increased by region, particularly in the U.S., China and Japan.」
The automotive market improved as the semiconductor shortage and stagnant parts supplies eased, and sales increased, particularly in the U.S., China and Japan. The report reconfirms the improvement trend indicated since the previous fiscal year in the major markets. - FY2023The automotive market improved, while the semiconductor and mobile device markets slowedAnnual report
「The semiconductor testing market, the segment's main market, remained firm in the first half, supported by resilient demand for servers and automotive applications and increased semiconductor production capacity by manufacturers to resolve shortages. From the second half onward, however, it slowed sharply because of declining demand for PCs and smartphones.」
Market trends diverged: the semiconductor testing market slowed sharply from the second half onward as demand for PCs and smartphones declined, while automotive sales improved as the semiconductor shortage eased. - FY2023-Q3WorsenedAnnual report
「The semiconductor testing market, one of this segment's key markets, is experiencing weak testing demand as semiconductor demand declines, particularly for PCs, tablets, smartphones and other electronic devices.」
The decline in semiconductor demand for PCs, tablets, smartphones and other electronic devices in the major markets has appeared as weak demand for testing. - FY2023-Q2The automotive market showed signs of improvement as the semiconductor shortage eased, while demand diverged by regionAnnual report
「The automotive market, the segment's main market, continued to be affected by the global semiconductor shortage and stagnant parts supplies in the first quarter, but sales have been improving since the second quarter as the shortage gradually eased. By region, vehicle sales in Japan declined year on year, while sales in the U.S., China and ASEAN increased from the second quarter onward on strong demand.」
The market deterioration caused by the semiconductor shortage and stagnant parts supplies continued through the first quarter, but the report cites easing conditions and improved sales from the second quarter onward. Sales declined in Japan, while vehicle sales increased in the U.S., China and ASEAN. - FY2023-Q1WorsenedAnnual report
「By region, vehicle sales in the U.S. declined year on year because of inventory shortages. Sales in China and Japan also fell below the same period of the previous year, partly because of the impact of lockdowns accompanying the spread of COVID-19 in Shanghai, China.」
Vehicle sales in the U.S., China and Japan fell below the same period of the previous year, while fluctuations in demand and production caused by the semiconductor shortage, stagnant parts supplies and the Shanghai lockdown continued. - FY2022Automotive demand diverged by region, and production adjustments continuedAnnual report
「The automotive market, the segment's main market, did not reach full-scale catch-up production because the effects of the global semiconductor shortage and delays in procuring parts caused by the spread of COVID-19 variants continued throughout the fiscal year. By region, new-vehicle sales in the U.S. and China increased from the previous period, while sales declined in Europe and Japan.」
New-vehicle sales in the U.S. and China increased from the previous period, while sales in Europe and Japan declined, and the failure to achieve full-scale catch-up production due to the semiconductor shortage and delays in procuring parts continued. - FY2022-Q3Demand remained strong, production adjustments continued, and production cuts narrowedAnnual report
「The decline in production by automakers narrowed in the third quarter as the effects of the global semiconductor shortage and delays in procuring parts due to the spread of COVID-19 variants eased, but full-scale catch-up production was not achieved. By region, demand was strong, particularly in the U.S. and China, but production adjustments by automakers caused third-quarter vehicle sales growth to slow or decline.」
Demand was strong, particularly in the U.S. and China, but production adjustments due to the semiconductor shortage and other factors continued. Although production cuts narrowed in the third quarter, full-scale catch-up production was not achieved. - FY2022-Q2Demand was strong, but automakers adjusted production amid the semiconductor shortage and renewed spread of infectionsAnnual report
「The automotive market, the segment's main market, saw automakers expand production cuts in the second quarter because of the global semiconductor shortage and delays in procuring parts caused by the renewed spread of COVID-19 in Southeast Asia. By region, demand was strong everywhere, including carryover demand from the previous year, but production adjustments by automakers caused second-quarter vehicle sales growth to slow or turn negative.」
Demand, including carryover demand by region, was strong, but the semiconductor shortage and delays in procuring parts led to production cuts by automakers and slower growth in vehicle sales. - FY2022-Q1Automotive demand rebounded, but the semiconductor shortage continuedAnnual report
「By region, vehicle sales exceeded the same period of the previous year, as the U.S. saw a rebound from production cuts in the year-earlier period and demand remained firm in China, ASEAN and Japan.」
Vehicle sales exceeded the same period of the previous year, supported by a rebound from production cuts in the U.S. and firm demand in China, ASEAN and Japan. At the same time, production stagnation and inventory shortages caused by the global semiconductor shortage persisted. - FY2021China's recovery coexisted with declines in other regionsAnnual report
「By region, new-vehicle sales in China increased significantly from the previous period, while the U.S., ASEAN and Japan declined because of falling demand and production cuts or stoppages during the first half.」
China recovered, while the effects of falling demand in the first half remained in the U.S., ASEAN and Japan, resulting in divergent demand trends by region. - FY2021-Q3China recovered, while demand in other regions continued to declineAnnual report
「The automotive market, the segment's main market, saw automakers forced to cut production because of the spread of COVID-19. Although the decline narrowed from the second half onward, both production and sales remained below the same period of the previous year. By region, new-vehicle sales in China increased year on year, while the U.S., ASEAN and Japan posted significant declines because of falling demand and production cuts or stoppages during the first half.」
The decline in the automotive market narrowed from the second half onward, and China turned higher year on year, while significant declines continued in the U.S., ASEAN and Japan because of falling demand and other factors in the first half. - FY2021-Q2WorsenedAnnual report
「Against a backdrop including COVID-19 and U.S.-China trade friction, demand for PCs increased as telework expanded and server demand increased due to a sharp rise in Internet use amid restrictions on and voluntary curbs on going out. Meanwhile, demand for smartphones declined, as did 5G-related demand due to stagnant investment, in the Group's key semiconductor testing market.」
In the semiconductor testing market, demand for smartphones declined, while 5G-related demand also fell as investment stalled, making fluctuations in demand in the major markets more apparent. - FY2021-Q1WorsenedAnnual report
「The automotive market, the segment's main market, saw automakers forced to cut production amid weak new-vehicle demand and supply-chain disruptions and stagnation caused by the spread of COVID-19. Both production and sales fell significantly below the same period of the previous year. By region, new-vehicle sales in China turned higher year on year, while the U.S., ASEAN and Japan saw significant declines due to falling demand and production cuts or stoppages.」
While China turned higher, the U.S., ASEAN and Japan experienced falling demand and production cuts or stoppages, leaving automotive production and sales significantly below the same period of the previous year. - FY2020WorsenedAnnual report
「The automotive market, the segment's main market, saw demand remain flat or trend lower in major countries, including the U.S. and China, amid the global economic slowdown caused by prolonged U.S.-China trade friction. In addition, the spread of COVID-19 in the fourth quarter forced automakers to suspend plant operations.」
The report cites plant shutdowns by automakers due to COVID-19, in addition to U.S.-China friction, as well as a downward trend in demand in the major markets. - FY2020-Q3WorsenedAnnual report
「The automotive market, the segment's main market, saw vehicle sales remain broadly flat in the U.S., supported by low unemployment and personal consumption underpinned by rising stock prices, despite deteriorating manufacturing sentiment. In China and ASEAN, exports were pressured by the global economic slowdown resulting from U.S.-China trade friction, and vehicle sales declined. In Japan, new-vehicle sales of registered and kei cars fell below the same period of the previous year, partly because of the pullback following front-loaded demand ahead of the October consumption tax increase.」
The U.S. market was broadly flat, while China and ASEAN declined, and new-vehicle sales in Japan also fell below the same period of the previous year, making the deterioration or stagnation in demand by market more apparent. - FY2020-Q2WorsenedAnnual report
「In the automotive market, the segment's main market, unit sales in the United States remained broadly flat, supported by personal consumption, despite declining business confidence in manufacturing. In China and the ASEAN market, however, unit sales declined amid uncertainty about the economic outlook caused by the US-China trade conflict.」
Compared with the previous quarter's description of market expansion, the report now cites declines in vehicle sales in China and ASEAN. - FY2020-Q1WorsenedAnnual report
「In the automotive market, the segment's main market, unit sales declined in both the United States and China due in part to the prolonged US-China trade conflict, while demand in the ASEAN market showed mixed increases and decreases.」
The report states that U.S. and Chinese vehicle sales declined, while demand in ASEAN was mixed, making fluctuations in demand in the major markets more apparent. - FY2019China and the U.S. declined, while India, ASEAN and growth markets expandedAnnual report
「The automotive market, the segment's main market, is expected to continue expanding moderately. The Chinese market turned lower and the U.S. market also declined slightly, but this was offset by healthy growth in India and ASEAN.」
In the automotive market, China and the U.S. turned lower, while growth in India and ASEAN supported the overall market. In the semiconductor testing market, memory demand declined and remained sluggish, but demand is expected to increase in IoT, automotive, big data and AI applications. - FY2019-Q3China declined, the U.S. was flat, and ASEAN expandedAnnual report
「The automotive market, the segment's main market, is expected to continue expanding moderately. The Chinese market turned lower and the U.S. market remained flat, but this was offset by healthy growth in ASEAN.」
The outlook for the automotive market has shifted to a structure in which growth in ASEAN supports the overall market, while China declines and the U.S. remains flat. - FY2019-Q2RestatedAnnual report
「The semiconductor testing market, the segment's main market, is expected to continue growing overall, despite slower growth in smartphone-related demand and a pause in memory demand, supported by increased demand for automotive applications and data-center servers.」
The report expects overall growth in the semiconductor testing market to continue, supported by increased demand for automotive applications and data-center servers, despite slower smartphone-related growth and a pause in memory demand. - FY2019-Q1Growth trends diverged by marketAnnual report
「The automotive market, the segment's main market, continued to expand steadily, supported by solid performance in the U.S. and healthy growth in China and ASEAN.」
Compared with the previously reported slowing growth in China and plateauing U.S. demand, the current quarter's report states that the automotive markets in the U.S., China and ASEAN expanded. In the semiconductor testing market, however, it also points to slower growth in smartphone-related demand and a pause in the increase in memory demand. - FY2018RestatedAnnual report
「In the Group's key markets—the automotive, semiconductor testing and mobile device markets—in addition to IoT, competition in product and technology development aimed at the practical deployment of ADAS and autonomous driving and 5G (fifth-generation mobile communications systems) is becoming a major trend, along with the emergence of new competitive relationships and industry realignment.」
The report continues to cite a plateau in U.S. automotive demand, slowing growth in China, varying demand trends across semiconductor applications, and signs of saturation in the mobile device market. - FY2018-Q3RestatedAnnual report
「The automotive market, the segment's main market, saw stable demand in ASEAN, but new-vehicle sales in the U.S. fell below the previous year as demand plateaued, while growth in China showed signs of slowing.」
The report reconfirms that U.S. automotive demand has plateaued and growth in China has slowed. In the semiconductor testing market, some demand remains sluggish and concerns over slower growth persist, while memory demand has increased. Growth in the mobile device market continues to slow amid global saturation. - FY2018-Q2RestatedAnnual report
「The automotive market, the segment's main market, saw stable demand in ASEAN, but new-vehicle sales in the U.S. fell below the previous year as demand plateaued, while growth in China showed signs of slowing.」
The report states that demand in the U.S. automotive market has plateaued and growth in China continues to slow. It also reconfirms sluggish demand and concerns over slower growth in parts of the semiconductor testing market, as well as the global saturation trend in the mobile device market. - FY2018-Q1First statedAnnual report
「In the automotive market, signs of recovery have emerged in the ASEAN market, while growth has slowed in China and the US market has begun to contract.」
The automotive market saw slowing growth in China and a decline in the U.S. In the semiconductor testing market, demand for PCs and tablets remained sluggish and concerns grew over slower smartphone growth, while memory demand increased. Growth in the mobile device market also slowed amid signs of global saturation in smartphones and tablets.