Global Semiconductor Sales Grow at CAGR 10% Post 2009

Despite a sharp decline in sales revenue in 2008 and 2009, the global semiconductor industry is forecasted to grow at a CAGR of more than 10% during 2010-2012, says our market research report, "Semiconductor Industry Forecast to 2012". The report projects a bleak outlook for semiconductor sales during 2009 with year-on-year decline projected at around 20%-25%.

"Lack of liquidity in the market, high level of unemployment and declining consumer confidence have been the major factors causing decline in semiconductor demand at the global level", says an Analyst at RNCOS. As the global economy is expected to start rebounding in 2010, we will see positive growth in the first quarter of 2010. This will lead to a growth rate of around 8% in 2010 in the semiconductor market, followed by a stronger increase in next two years and the market could reach US$ 255 Billion by 2012 end.

On the regional front, our research indicates that the Asia Pacific region (including Japan) dominates the global semiconductor market and is continuously increasing its market share in the global pie. The Americas and Europe have been losing their shares to Asia Pacific, largely due to declining demand for semiconductors in these regions. Countries like India and China will continue to drive the semiconductors demand due to potentially high domestic demand in these countries.

For instance, our research predicts that the growth rate of China's IC market will remain between 10% and 15% during the forecast period, well above the global average.

"Semiconductor Industry Forecast to 2012" provides an extensive research and thorough analysis of the semiconductor market across the globe. The report critically examines and provides unbiased view on the state of global semiconductor industry, including current and future market size across various segments. It also highlights various potential application areas that continue to grow despite global economic crisis. Our report helps the clients to analyze the trends and developments of semiconductor market, giving exclusive insight into future potential of various countries analyzed in it.

For more information visit: http://www.rncos.com/Report/IM179.htm