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Global Semiconductor Market to See 3.4% Growth in 2015
June 26, 2015 | PRNewswireEstimated reading time: 1 minute
The Global Semiconductor Market 2015- 2020 is GMR Data's latest Tech sector report. This report forecasts revenues for key services across key geographies. The global semiconductor market is forecast, by GMR Data, to reach $332bn across 2015, representing a 3.4% growth in comparison to $316bn in 2014.
GMR Data forecasts that the market will grow at a 5-yr CAGR of 2.9% over 2015 to 2020, with the majority of growth being driven by mobile, automotive and industrial application markets. The consumer electronics and data processing application markets are expected to remain at the end of the growth spectrum with limited expectations for any innovative development to lead market demand.
Key product and service applications for semiconductor technology include innovations in smart devices and hyper-connected communications networks, as well as medical devices and efficient infrastructure across the energy sector. There is still capacity in the market for innovative semiconductor production methods that drive expenditure reduction, productivity, and efficiency as the demand for performance increases.
Through reading this report you will gain knowledge of the following:
Analysis of the state of the global semiconductor market in 2015 and a market forecast for the period 2015-2020.
Identify how the market operates and which companies are operating in the market, their current products and pipeline candidates
Discover how the semiconductor market is evolving across the forecast period of 2015-2020 through the examination of global and regional benefits and challenges, particularly relating to political, economic, social, and technological factors
Read our interviews with 2 key global authorities in the semiconductor market
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