IC Insights: Long term forecast improves for ic market
The market for integrated circuits is forecast to post much stronger average annual growth through 2021 compared to the average market growth over the past 15 years, according to a report by IC Insights.
The ic average selling price (ASP) is expected to jump into the positive range and help boost average annual ic market growth to 8% per year from 2011 to 2021. This is an increase of 54% compared to the 5.2% annual growth the ic market averaged in the period between 1996 and 2011.
IC Insights believes that ic market growth will improve despite obstacles facing the industry such as troubled global economies and technology hurdles to improve the manufacturing process.
However, over the next 10 years, the average annual growth rate for ic units is expected to slow to 7% per year as lacklustre global GDP cools demand for electronic systems and integration results in more functions on a single chip.
