Delhi, India (PressExposure) February 02, 2009 -- According to new research report âSemiconductor Industry Forecast to 2012â by RNCOS, the global semiconductor sales are forecasted to surge at a CAGR of 6.7% through 2012, surpassing US$ 310 Billion. This will be a sharp increase from a decline projected for 2009.
Currently, various factors are playing down the growth of global semiconductor sales, states the report. One of the most important factors is the gloomy financial environment leading to lack of liquidity on the global market. âLack of liquidity has dampened the consumer demand across various industrial segments, including automotive and consumer electronics. This is directly impacting the semiconductor market as consumer demand drives more than a third of global chip salesâ, says an analyst at RNCOS.
The demand for electronic products has been hit hard in the western world with such strong economies as that of the US and the UK marred by the ongoing recession. Positive growth is expected only when these economies will find ways to stave off recession, which is expected somewhere in the second half of 2009 or in early 2010. Contrary to this, countries like India and China continue to drive the demand for semiconductors as potentially high domestic demand will stem from these countries. However, there will be comparatively less growth as had been expected before the crisis began.
âSemiconductor Industry Forecast to 2012â provides extensive research and rational analysis on the global semiconductor market. It will help the clients in identifying the industry segments which will see major growth over the forecast period. Various segments studies in the report include integrated circuits, optoelectronics, sensors and discrete semiconductors.
The research offers an in-depth analysis on various potential applications of semiconductors such as computers, mobile phones, WiMAX terminals, GPS chipsets, etc. It also gives exclusive insights into future potential of semiconductor market in various countries analyzed including the US, the UK, Germany, France, Japan, Korea, China, India, Taiwan, Russia and Singapore.
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