The semiconductor market is expected to remain flat this year due to falling prices and lack luster demand in the application processor market and memory. From a regional standpoint, the Americas and Europe are expected to contract while Japan, and China are expected to grow slightly. This tracker provides forecasts for all semiconductors which are segmented into product families including discretes, optoelectronics, sensors, analog ICs, logic, memory, microprocessors, microcontrollers and DSPs. Forecasts are provided by region, market segment, application area and product type. Market share is also provided by region and by product family.
Going into the fourth quarter, the semiconductor market is on track to reach $350 billion this year. This mile stone is significant. This market has expanded by $100 billion in less than 10 years and is expected to reach $400 billion as early as 2017. Key growth product markets for the industry are LEDs, sensors, and microprocessors for revenue and demand growth for shipments is driven by LEDs, sensors, analog, and microprocessors. This tracker covers the entire semiconductor market by product family with forecasts for regional demand, growth by market segment, and by application. Market share is also provided by region and worldwide.
After the first quarter, the semiconductor market has slowed somewhat from 2014 with an estimated growth rate for 2015 at 4 percent. While the communications market is on track to perform well this year, other markets have offset this growth as demand has slowed in automotive and the computer segment. This tracker provides a global and regional view of the semiconductor market. Forecasts are provided by market segment and application area. Product forecasts are provided for the major product categories along with market share for the same. In this issue, several new tables have been added which include quarterly forecasts for revenue and unit shipments for semiconductors by market segment.
The semiconductor market performed better than expected in 2014 with an increase of worldwide revenue of 9 percent. 2014 represented a much needed boost in revenue as the market had been hovering around $300 billion for since 2010. There continues to be uncertainty due to maturing applications remaining the growth drivers, however due to the short life cycles of these applications, the market will continue to benefit in 2015. This tracker provides a global and regional view of the semiconductor market. Forecasts are provided by market segment and application area. Product forecasts are provided for the major product categories along with market share for the same.