The World Semiconductor Trade Statistics has released its semiconductor market forecast. It anticipates the world semiconductor market to show a moderate growth of 3.4% to US$347billion in 2015, largely driven by smartphones and automotive.
All major product categories are forecasted to have positive growth rates. The highest are expected for the optoelectronics category, with a rise of 8.3%, and the analogue category, predicted to go up by 5.6%.
Not all regions will grow from 2014, with Europe expected to decline by 3.6% and Japan is predicted a fall of 9.5% in 2015, which is mainly based on the current exchange rate between Euro/USD and Yen/USD.
However, all regions as well as all major product categories are expected to grow positively over the next two years, with a stable macro economy predicted throughout the forecast period of 2016 to 2017. The worldwide semiconductor market is forecasted to be up 3.4% to US$359billion in 2016 with a further 3.0% rise in 2017 to US$370billion.
The Asia-Pacific region continues to show growth rates above worldwide average and is expected to reach US$224billion in 2017, which represents a share of 60% of the total semiconductor market.
Author
Tom Austin-Morgan
Source: www.newelectronics.co.uk