Electronics Production | December 03, 2010
Semiconductor market to grow 32% this year
Worldwide Semiconductor market to increase +32.7 percent in 2010, +4.5 percent in 2011 and +5.6 percent in 2012.
The World Semiconductor Trade Statistics (WSTS) forecasts the semiconductor market to grow by 4.5 percent to $313.8 billion in 2011, following an estimated 32.7 percent increase to $300.4 billion in 2010. In contrast to 2009, the industry is recovering with revived enterprise and consumer spending. The global economic crisis in 2009 resulted in contracting results at an -9.0 percent growth, totalling $226.3 billion. The new forecast presents a materially more optimistic estimate for the year 2010, reflecting an increase of $9.4 billion over the WSTS Spring forecast. The industry is now expected to top $331.5 billion in 2012, with a 3-year compound annual growth rate of 13.6% from 2009 to 2012.