The 2011 semiconductor market is expected to expand by 7.2% because of increasing sales of popular consumer products like media tablets, smart phones and e-book readers, according to new IHS iSuppli (IHS) research. The revenue of the global semiconductor industry in fiscal 2011 is projected to total $325.9 billion, up from $304.1 billion in 2010, based on a newly revised forecast. The previous IHS iSuppli outlook issued in April predicted revenue would rise by 7% for the year.
[From IHS] : “Thanks to the hardiness of the global electronics supply chain, the semiconductor industry is set for a year of solid growth in 2011,” said Dale Ford, senior VP for semiconductor market intelligence at IHS. “Neither the Japan quake disaster nor weak economic conditions will derail the market’s expansion. In fact, demand has been so strong for semiconductors in hot consumer items such as tablets and smart phones that IHS has raised its forecast slightly to accommodate the improved outlook.”
iSuppli predicts that by fiscal 2015 semiconductor revenue will hit $411.8 billion and the sector will grow at a 6.3% CAGR between 2010 and 2015.