Gartner states the market will be worth $64.3 billion in 2016, a decline of 0.7 percent although this is an improvement on an earlier forecast that predicted a 2 percent decline.
Worldwide semiconductor capital spending and equipment spending forecast for 2015 to 2018 in $millions. Source: Gartner.
"Economic instability, inventory excess, weak demand for PC’s, tablets, and mobile products in the past three years has caused slow growth for the semiconductor industry. This slowdown in electronic product demand has driven semiconductor device manufacturers to be conservative in increasing production," said David Christensen, senior research analyst at Gartner, in a statement.
Related links and articles: