Thursday, November 6, 2003
Japan is surprisingly projected to be the fastest growing semiconductor market in 2003, followed by Asia-Pacific, Europe and the Americas, according to the Semiconductor Industry Association (SIA).
The trade group also on Wednesday (Nov. 5) revised its overall chip forecast for 2003 and 2004.
The Japanese chip market is expected to grow 24.3 percent to $37.9 billion in 2003, according to the SIA. Its market is projected to increase 17.9 percent to $44.7 billion in 2004, 4.6 percent to $46.8 billion in 2005 and 4.4 percent in 2006 to $48.9 billion.
Of all semiconductor regions, the Asia Pacific continues to show strong growth. It is forecast to grow 18.6 percent to $60.6 billion in 2003, 23.4 percent to $75.0 billion in 2004, and 8.2 percent to $81.5 billion in 2005, according to the SIA. In 2006, the Asia-Pacific region will report growth of 8.2 percent to $88.2 billion, the group said.
The European chip market is expected to grow 17.3 percent in 2003 to $32.6 billion, 14.7 percent to $37.4 billion in 2004, 5.9 percent to $39.6 billion in 2005 and 6.3 percent to $42.0 billion in 2006.
The Americas chip market remains a laggard. It will grow 1.9 percent to $31.9 billion in 2003, up 17.7 percent to $37.5 billion in 2004. In 2005, the market is expected to remain nearly flat with growth of 1.7 percent to $38.2 billion and then resume growth of 6.4 percent in 2006 to $40.6 billion.
By: DocMemory
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