Worldwide semiconductor revenue is forecast to total $364.1 billion in
2017, an increase of 7.2 percent from 2016, according to Gartner, Inc. This
represents a complete turnaround for the semiconductor industry as the market
experienced 1.5 percent growth in 2016.
"The worst is now
over with a positive outlook emerging for 2017 driven by inventory
replenishment and increasing average selling prices (ASPs) in select markets,
particularly commodity memory and application-specific standard products,” said Ganesh Ramamoorthy, research vice president at
Gartner. “The turnaround that started at the end of the second quarter of 2016
will continue to gain momentum and we expect the improved conditions to carry
through 2017.”
Gartner has increased
the outlook for 2017 by $14.1 billion in its most current forecast, of which
the memory market accounts for nearly $10 billion. “Memory market supply and
demand have turned positive for memory vendors who are pushing ASPs higher to
recover margins. ASP increases for application-specific standard products (ASSP), discrete and analog chips and higher
semiconductor content in key applications including the Internet of Things (IoT)
were the other key drivers for revenue increases,” added Ramamoorthy.
Overall, the mixed growth seen in 2016 will
turn into a broad and more consistent growth in 2017. Areas to watch for in
2017 are the industrial, automotive and storage markets, which are growing
quickly but represent a smaller portion of the overall market. Additionally,
the slow-growth outlook for traditional applications such as smartphones and
PCs highlights the importance of semiconductor markets outside of these
categories, notably the IoT.
"This implies that semiconductor product
managers who have depended upon these categories must now continue to look for
adjacent opportunities in new emerging applications in the IoT and in areas
like industrial, storage and automotive markets," said Ramamoorthy.
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