Noida, India (PressExposure) November 21, 2009 -- The global semiconductor market had enjoyed tremendous growth rate over the past few years on the back of burgeoning demand for electronic devices worldwide. However, the industry met a turning point in later 2008, when it started feeling the pinch of economic crisis and liquidity crunch prevailing all over the world. Resultantly, the global semiconductor industry reported its first ever decline in 2008. Besides this, the outlook for 2009 remains strongly bleak with a record year-on-year decline projection of around 22%.
According to our latest market research report, âSemiconductor Industry Forecast to 2012â, the global semiconductor industry has been witnessing a significant regional shift, which is accelerated by the growing consumer electronics market. The vast consumer base, growing middle class population and increasing demand for consumer electronics products have resulted into significant growth in demand for semiconductors in the Asia-Pacific region.
Our research has found that the revenues generated by the APEJ semiconductor industry in 2008 were almost at par with its previous yearâs revenue. On the other hand, semiconductor demand in the western world reported decline in their revenues on the back of financial turmoil in these economies. Countries like Taiwan, China and India have emerged on the global semiconductor-manufacturing map, characterized by low-cost facilities and numerous government incentives.
Our research anticipates that the continuously growing demand for electronic products such as PCs, digital consumer appliances, mobile communications, and automotive electronics will lead to the expected growth in the regionâs semiconductor market over the forecast period. The market for semiconductors in the APEJ region will grow at a CAGR of around 9.5% during 2009-2012.
âSemiconductor Industry Forecast to 2012â provides extensive research and thorough analysis on the semiconductor market across the globe. The report critically examines and provides an unbiased view of the global semiconductor industry, including current and future market size across various segments. The report features exclusive forecast on various semiconductor segments, including integrated circuits, discrete semiconductors, optoelectronics, sensors, wafer processing equipment, assembly & packaging equipment, testing equipment, wafer fabrication materials, and packaging material.
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