Semiconductor Market- Outlook for the Year 2013
Based on the forecast by International Monetary Fund (IMF), the worldwide GDP is expected to increase to 3.6% in 2013 compared to 3.3% growth in 2012 with the emerging and developing economies like China & India considered being a major driver with a 5.6% growth in 2013. The developed economies are expected to rise to 1.5% in 2013 from 1.3% in 2012 with the Euro Zone beginning to recover slowly from the downturn caused due to the financial crisis.
In relation to the Semiconductor Industry, almost after no growth in the year 2012, most analysts are expecting improvement in market growth for the year 2013. According the sources, the semiconductor market is set to increase to grow by a minimum of 4.2% to a maximum of 16.6% with most firms’ growth lying between 6% and 10%. The average forecast amongst the major semiconductor analyst firms is reported to be approximately 8.2%. However, most semiconductor companies are less optimistic on their forecast as this seems to be influenced by other external factors like change in government policies / actions and the economic conditions prevailing in the US, Europe and China. Given below is a market comparison for the semiconductor industry between the year 2012 and 2013.