KUALA LUMPUR: Global semiconductor sales are expected to grow 5.4% year-on-year in 2011 to US$314.4 billion, according the US-based Semiconductor Industry Association (SIA).
The latest projection is an increase over the November 2010 forecast of a 4.5% growth for 2011.
In a statement Tuesday, June 21 on its website, the US-based SIA, which represents 60 companies that account for 80% of the semiconductor production of that country, said it endorsed the World Semiconductor Trade Statistics (WSTS) organisation's mid-year global semiconductor sales forecast.
WSTS tabulates its annual forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
The SIA said the industry expects moderate year-over-year growth through 2013 driven by global demand for high-end electronics and growth in emerging economies.
The forecast for 2012 and 2013 reflected continued steady single digit growth at 7.6% and 5.4%, respectively, it said.
WSTS projects a 3-year compound annual growth rate of 6.13% from 2010 to 2013.
SIA president Brian Toohey said that at a time of economic uncertainty, the semiconductor industry continues to be a bright spot in the US economy.
'Now more than ever, it's clear that the only way to spur lasting economic growth is to empower the private sector to do what they do best'innovate, compete and grow.'
'These projections are simply estimates; it's important to remember that US policy can positively or negatively affect these growth numbers. This is why we are urging the Congress and Administration to move now to enact pro-business, pro-growth policies that will lead to a rebirth of the innovation economy,' he said.
The SIA said all regional markets, namely the Americas, Europe and Asia with the exception of Japan were projecting year over year growth for 2011.
Japan's contraction can be attributed to the impact from the March 2011 earthquake, with some of the growth in other regions increased as a result of supply chain shifts that help alleviate disruption, it said.
Additionally, double digit growth in 2011 and 2012 is projected for the Sensor and Micro integrated circuits (I/Cs) categories.
'Rising demand of consumer electronic devices and safety related mandates specifically in the automotive sector are driving the growth in the Sensor category.
'Micro I/Cs are projected to grow 11.7% year-over-year in 2011 and 13.1% in 2012 in part driven by the rapid increase in the tablet segment, as well as increased smartphone usage, especially in China, India and other emerging markets,' it said.
The latest projection is an increase over the November 2010 forecast of a 4.5% growth for 2011.
In a statement Tuesday, June 21 on its website, the US-based SIA, which represents 60 companies that account for 80% of the semiconductor production of that country, said it endorsed the World Semiconductor Trade Statistics (WSTS) organisation's mid-year global semiconductor sales forecast.
WSTS tabulates its annual forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
The SIA said the industry expects moderate year-over-year growth through 2013 driven by global demand for high-end electronics and growth in emerging economies.
The forecast for 2012 and 2013 reflected continued steady single digit growth at 7.6% and 5.4%, respectively, it said.
WSTS projects a 3-year compound annual growth rate of 6.13% from 2010 to 2013.
SIA president Brian Toohey said that at a time of economic uncertainty, the semiconductor industry continues to be a bright spot in the US economy.
'Now more than ever, it's clear that the only way to spur lasting economic growth is to empower the private sector to do what they do best'innovate, compete and grow.'
'These projections are simply estimates; it's important to remember that US policy can positively or negatively affect these growth numbers. This is why we are urging the Congress and Administration to move now to enact pro-business, pro-growth policies that will lead to a rebirth of the innovation economy,' he said.
The SIA said all regional markets, namely the Americas, Europe and Asia with the exception of Japan were projecting year over year growth for 2011.
Japan's contraction can be attributed to the impact from the March 2011 earthquake, with some of the growth in other regions increased as a result of supply chain shifts that help alleviate disruption, it said.
Additionally, double digit growth in 2011 and 2012 is projected for the Sensor and Micro integrated circuits (I/Cs) categories.
'Rising demand of consumer electronic devices and safety related mandates specifically in the automotive sector are driving the growth in the Sensor category.
'Micro I/Cs are projected to grow 11.7% year-over-year in 2011 and 13.1% in 2012 in part driven by the rapid increase in the tablet segment, as well as increased smartphone usage, especially in China, India and other emerging markets,' it said.
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