Asia Pacific outpaces global semi market
1 October 2008
News
Asia Pacific semiconductor sector revenue is forecast to reach almost $160 billion in 2008, a 6,4% increase from 2007 revenue of $150 billion, according to the latest projections by Gartner. This compares to worldwide revenue growth of 4,6% over the same period. By 2012, semiconductor industry revenue in Asia Pacific is forecast to reach more than $203 billion.
“Worldwide semiconductor revenue is set for single digit growth over the next five years; however, selected devices in specific electronic equipment types will post much higher growth,” said John Barber, research director at Gartner. “Home consumer products like Blu-ray disk, IP set top boxes and home networking equipment will create wide-ranging demand for semiconductors. In addition, mobile products like the Apple iPhone and the Nokia N95 are changing the perception of what a phone is capable of, and creating wide-ranging demand for semiconductors.”
Phillip Koh, research vice president in Gartner’s Asia Pacific semiconductor group, said the Asia Pacific region continues to increase its dominant share of the world’s semiconductor market. However, a slowdown in consumer spending and the threat of rising oil prices will slow down semiconductor growth over the forecast period.
“Continued growth in China, rapid growth in India and the emergence of new markets such as Vietnam and Thailand are important contributors to the growth of the regional market,” said Koh. “These new markets provide excellent business potential for firms in the semiconductor supply chain. In the longer term, Asia Pacific will continue to attract foreign investment, with low manufacturing costs and huge domestic demand.”
China’s electronics industry will continue to lead growth in the region, as well as the global semiconductor market. More electronic products are made in China than anywhere else in the world, and the country’s share of the global market continues to grow. However, growth in its electronics-manufacturing industry slowed in 2006, and Gartner predicts that it will register slower growth during the five years to 2012.
Further reading:
Altron celebrates 60th birthday with a call to rebuild Johannesburg
Altron Arrow
News
Altron is celebrating its 60th birthday by honouring Johannesburg’s heritage and encouraging business, government and civil society to come together and respond to our President’s call to rebuild Johannesburg.
Read more...
Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
Read more...
Jemstech to produce PCB assemblies for Kamstrup
Jemstech
News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.
Read more...
New appointments at Hiconnex
Hiconnex
News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.
Read more...
FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.
Read more...
DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.
Read more...
Using satellite comms to end copper theft
News
According to Transnet COO Solly Letsoalo, the scourge of copper theft could be a thing of the past by eliminating the use of copper cabling and switching to a satellite communication system.
Read more...
Strategic merger: Etion Create and Nanoteq
Etion Create
News
Reunert has announced the successful merger of two business units within the Applied Electronics Segment, namely Etion Create and Nanoteq, effective 1 October 2024.
Read more...
Securex South Africa 2025
Specialised Exhibitions
News
Securex South Africa 2025 is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo to provide a time-saver for visitors looking for holistic solutions for their facilities.
Read more...
Chinese AI causes Silicon Valley stocks to tumble
News
Many stocks took a downward spike, with Nvidia being the hardest hit, losing 16,9% after one day’s trading.
Read more...
printer friendly version