A report published by Renub Research suggests rosy times ahead for the semiconductor industry, with the market expected to grow to around $300 billion by 2013.
The research - which analyses data from China, Europe, Japan, Korea, the US, Taiwan, and other areas - claims that the worldwide market for semiconductors will grow from its 2009 level of $200 billion to an impressive $300 billion by 2013.
The report shows Japan and North America owning 16.9 per cent and 16.7 per cent market share respectively in 2010, but predicts a shift in these figures as companies like Samsung push their ARM-based application processor products. South Korea's semiconductor industry alone is expected to grow to $50 billion by 2013 on the back of increasing demand for smartphone processors.
The biggest areas of growth highlighted in the report are consumer electronics, which will reach 21 per cent of all semiconductor sales by 2013, and automotive, which is predicted to hit 7.9 per cent in the same timescale.
The predicted growth equates to a continuous average growth rate of 9.58 per cent for the period 2010 to 2013, which outpaces the predicted growth of semiconductor materials at 7.75 per cent. This shortfall, it is hoped, will be made up with improved chip yields and smaller process sizes over the three-year period.
Should the report's predictions prove true, it's good news for all semiconductor makers and demonstrates that the global economy is fighting its way out of the slump it has suffered over the last few years.