News Article
IC Forecasts Improve To 2005
The US Semiconductor Industry Association has issued its 2002-2005 forecast. Growth this year of about 1.8% is expected to be followed by 19.8% in 2003 and 21.7% in 2004. In the latter year, sales are expected to surpass the peak in 2000. In 2005, flat growth is expected, leaving the industry with global sales of $206bn.
The US Semiconductor Industry Association has issued its 2002-2005 forecast. Growth this year of about 1.8% is expected to be followed by 19.8% in 2003 and 21.7% in 2004. In the latter year, sales are expected to surpass the peak in 2000. In 2005, flat growth is expected, leaving the industry with global sales of $206bn.
Over the longer term, growth rates are expected to be more modest than in the past at 8-10%. Historical growth has been at the 16% level. The prospects for the European market are a 9.0% decline this year followed by 18% growth to $36bn in 2003, 19% to $39bn in 2004 and a 1.0% decrease to $38bn in 2005.
Meanwhile, market researcher Gartner Dataquest is forecasting 12.1% growth in the world semiconductor market in 2003. Sales next year are estimated at $171.8bn. A broader-based recovery - particularly for wired communications - is not expected until 2004.
