Global power semiconductor market growth cut to 5.0 percent in 2012
December 19, 2011 // Paul Buckley
The global power semiconductor market will grow by 5.0% in 2012 to $32 billion, according to market analyst, IMS Research, which is cutting the company's previous forecast of more than 8% due to global economic uncertainties and inventory being flushed from the supply chain. The market, which grew by 37% in 2010, is forecast to return to double-digit growth in 2013.
IMS Research's Senior Research Director, Ash Sharma commented: The effects of the economic uncertainty and reduced spending by consumers and businesses on the power semiconductor market are predicted to continue long in 2012 and industry revenues in 1H12 will be flat year-on-year. However, the outlook varies considerably for each product and sector and some areas of the power component market will still enjoy double-digit growth.
Power IC market growth was almost 3% lower than power discrete growth in 2011, though this trend is set to be reversed in 2012, with slightly higher growth predicted for power ICs. The power module market continued to outperform both power discretes and power ICs, showing sustained high double-digit growth in 2011, which is projected to remain in for the next four years, driven by demand for IGBT modules.
Although factors such as inventory correction resulted in a slowdown in demand in 2H11, particularly for power discretes and power ICs, growth projections for 2012 are more directly linked to end-equipment demand. This demand, however, also differs largely by application.
Senior Analyst and report co-author, Ryan Sanderson, commented: Strong demand for smart phones is projected to continue throughout 2012, despite a slowdown in 4Q11, driving the market for power ICs, in particular battery management ICs. Smart phone charger demand is also forecast to help drive growth of the AC-DC regulator market, switching controllers and MOSFETs. Automotive demand remained strong throughout 2011 and the increasing content of electronics within vehicles is projected to drive growth in all power semiconductor markets. All news
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