Major Trends Shaping the Future Integrated Circuit Industry
Although high uncertainty still looms over the global economy, smartphone, tablet PC, and automotive ICs continue to be in high demand. IC Insights will present its forecast for the IC market in the context of the IC industry cycle model. In order to make sense out of the current turmoil, a top-down analysis of the IC market will be given and include trends in worldwide GDP growth, electronic system sales, and semiconductor industry capital spending and capacity.
IC Insights believes that the IC industry is set to emerge from a difficult 5-year period of minimal growth. From 2007-2012, the IC market grew at an average annual rate of 2%. In IC Insights’ opinion, the “bottom” of the current cycle in the worldwide economy and IC industry was reached in 2012 and 2013 marks the beginning of the next cyclical upturn—one in which the IC market average annual growth rate will more than triple to 7% in the 2012-2017 timeperiod
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