The portents are good for the global semiconductor market according to Malcolm Penn, CEO of Future Horizons at the IFS 2014 Semiconductor Update seminar.
A stronger than anticipated first half of the year allied to a buoyant Q3 will see the market grow 10.8% to $338.2bn in 2014, and with the wind in its sails Penn reckons next year could be better chalking up a rise of 15% to $390.8bn.
2014 Q1 grew 1.5% and Q2 rose 5%. Q3 will be the stellar quarter as sales push up 8% before the customary slowdown in Q4 when the market will contract 1.5%.
Next year Penn sees Q1 showing a slight 0.5% decline before the market revs up with a 5.5% uptick in Q2 and a sparkling 11.5% increase in Q3. Q4 will be flat against Q3.
As Penn remarks there are plenty of global issues – Syria/Iraq, Russia/Ukraine and Israel/Palestine that could knock the market off course. The fundamentals are there though – “the market is like a coiled spring waiting to explode” exclaimed Penn.
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