Worldwide sales of semiconductors were $25.5 billion (£15.7 billion) for the month of January 2011, according to the Semiconductor Industry Association (SIA).
This is a gain of 1.5 per cent from the prior month when sales were $25.2 billion.
Furthermore, the SIA confirmed that sales increased by 14 per cent from $22.4 billion in January 2010.
"The industry will continue to benefit from steady growth, as semiconductor content increases in a wide range of products," commented Brian Toohey, president, SIA.
"The impressive growth in semiconductor sales over the past year has been driven by strong demand across all major end markets as the products we use everyday become smarter, faster, and less expensive."
He added that the industrial and automotive sectors both saw significant growth.
This comes shortly after In-Stat said that the semiconductor total available market for In Vehicle Infotainment systems will grow nearly 110 per cent between 2010 through 2015.
The research firm observed that the largest opportunity will be for those companies supplying applications processors, Wi-Fi/Bluetooth/GPS/FM combo chips and SDRAM.