Ever increasing demand for smart phones and tablet devices is being given as the main reason for a 1% increase in the forecasted growth of the global semiconductor industry in 2012, according to IHS iSuppli. Semiconductor revenue is expected to reach $324.6 billion in 2012 on a global scale.
Growth in 2012 is expected to be an improvement on 2011 with all reports indicating that the industry is poised to recover as the overall global economy regains its stability. As long as there are no further upsets to the global economy, growth should continue over the next several years, reaching about $412.8 billion in 2016. The table below from IHS shows this.
“Semiconductor revenue growth is expected to rise in 2012 compared to last year as consumers begin to believe that the global economic recovery is for real,” says Len Jelinek, IHS' Director and Chief Analyst of semiconductor manufacturing. “The biggest drivers of demand will be consumer-oriented products from the wireless semiconductor segment, such as smart phones and media tablets. The iPhone and iPad from Apple Inc. are perpetual best-sellers in their category, but a swarm of competing products will also help enlarge the total pool of offerings and thus increase sales. In particular, semiconductor suppliers can anticipate an exceptionally robust third quarter this year in preparation for strong holiday sell-through.”
IHS offer more details in the original press release here.