SAN JOSE, CA — Nov. 2, 2000 — The global semiconductor market should reach $205 billion this year and near $320 billion in the nest three years, according the Semiconductor Industry Association’s (SIA) annual semiconductor forecast which was released on Wednesday.
The upbeat projection, which calls for a 37 percent increase in global semiconductor sales this year, is the result of strong sales of communications solutions for data networking broadband, wireless, optoelectronics, and a strong demand for PCs.
By 2003, the American market is expected to reach $96 billion, the European market will grow to $66 billion, the Japanese market will reach $72 billion, and the Asian-Pacific market will grow to $85 billion.
“Responding to the challenges associated with the redefining and revitalization of the global communications system will propel the semiconductor industry toward the $1 trillion goal in the next decade,” said Wilfred J. Corrigan, LSI Logic chairman and chief executive officer.
According to the report, the flash memory, standard cell ASICs, digital signal processors, programmable logic devices, analog and optoelectronics semiconductor product categories will all benefit from new wired and wireless applications.
“Not only are semiconductors ubiquitous and indispensable to our everyday lives, they are being used in an even greater variety of communications, Internet infrastructure and handheld applications,” said George Scalise, SIA president, adding that the forecast calls for a broadening of product demand from all of the world's regions.
The report cites the Americas as the dominant market, but calls Asia-Pacific the fastest growing market.