Global semiconductor market to grow 50 percent by 2013

LONDON, UK: The global semiconductor market is set to reach US$300 billion in 2013, according to a new report available on companiesandmarkets.com. In 2010, Japan and North America were the top contributors with 16.9 percent and 16.7 percent market share in the global semiconductor market.

The Korean semiconductor market is expected to cross $50 billion mark by 2013. Automotive and consumer electronics are the continuously increasing their market share and expected to reach 7.9 percent and 21 percent, respectively in 2013.

The integrated circuit sector is the leading component in the semiconductor market as it holds nearly two thirds of the semiconductor market alone. It is expected that the global market for microprocessors and controllers will grow at a CAGR of 9.58 percent for the period 2010-2013. Taiwan is the leading market for the global semiconductor equipment market. The global semiconductor material market will grow on average growth rate 7.75 percent for the period spanning 2010-2013.

Semiconductor equipment plays a vital role in the manufacturing of integrated devices (ICs). Wafer processing is the leading segment in the equipments market. Its market share is steadily increasing and expected to be over 80 percent of the global equipment market by 2013.

However, the semiconductor material market has long played a supporting role in relation to semiconductor equipment but with consistent year-over-year growth before 2009 as the result of record volumes of chips produced, the materials market is set to leave the shadow of the flashy equipment market. It is expected that this market will grow at an average growth rate of 7.74 percent for the period spanning 2010-2013. Japan and Taiwan are two major semiconductor material markets.