Global Semiconductor Market to See 3.4% Growth in 2015
June 26, 2015 | PRNewswireEstimated reading time: 1 minute
The Global Semiconductor Market 2015- 2020 is GMR Data's latest Tech sector report. This report forecasts revenues for key services across key geographies. The global semiconductor market is forecast, by GMR Data, to reach $332bn across 2015, representing a 3.4% growth in comparison to $316bn in 2014.
GMR Data forecasts that the market will grow at a 5-yr CAGR of 2.9% over 2015 to 2020, with the majority of growth being driven by mobile, automotive and industrial application markets. The consumer electronics and data processing application markets are expected to remain at the end of the growth spectrum with limited expectations for any innovative development to lead market demand.
Key product and service applications for semiconductor technology include innovations in smart devices and hyper-connected communications networks, as well as medical devices and efficient infrastructure across the energy sector. There is still capacity in the market for innovative semiconductor production methods that drive expenditure reduction, productivity, and efficiency as the demand for performance increases.
Through reading this report you will gain knowledge of the following:
Analysis of the state of the global semiconductor market in 2015 and a market forecast for the period 2015-2020.
Identify how the market operates and which companies are operating in the market, their current products and pipeline candidates
Discover how the semiconductor market is evolving across the forecast period of 2015-2020 through the examination of global and regional benefits and challenges, particularly relating to political, economic, social, and technological factors
Read our interviews with 2 key global authorities in the semiconductor market
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.