IC Insights Raises 2017 IC Market Forecast to +22%
October 19, 2017 | IC InsightsEstimated reading time: 1 minute
Strong growth to be driven by a 74% surge in the DRAM market and 44% jump in the NAND flash market.
IC Insights is set to release its October Update to The McClean Report. The 30-page Update includes a detailed analysis of IC Insights’ revised forecasts for the IC, O-S-D, and total semiconductor markets through 2021. Shown below is an excerpt from the Update.
IC Insights has raised its IC market growth rate forecast for 2017 to 22%, up six percentage points from the 16% increase shown in its Mid-Year Update. The IC unit volume shipment growth rate forecast has also been increased from 11% depicted in the Mid-Year Update to 14% currently. As shown below, a large portion of the market forecast revision is due to the surging DRAM and NAND flash markets.
In addition to increasing the IC market forecast for this year, IC Insights has also increased its forecast for the O-S-D (optoelectronics, sensor/actuator, and discretes) market. In total, the semiconductor industry is now expected to register a 20% increase this year, up five percentage points from the 15% growth rate forecast in the Mid-Year Update.
For 2017, IC Insights expects a whopping 77% increase in the DRAM ASP, which is forecast to propel the DRAM market to 74% growth this year, the largest growth rate since the 78% DRAM market increase in 1994. After including a 44% expected surge in the NAND flash market in 2017, including a 38% increase in NAND flash ASP this year, the total memory market is forecast to jump by 58% in 2017 with another 11% increase forecast for 2018.
At $72.0 billion, the DRAM market is forecast to be by far the largest single product category in the semiconductor industry in 2017, exceeding the expected NAND flash market ($49.8 billion) by $22.2 billion this year. As shown in the figure, the DRAM and NAND flash segments are forecast to have a strong positive impact of 13 percentage points on total IC market growth this year. Excluding these memory segments, the IC industry is forecast to grow by 9%, less than half of the current total IC market growth rate forecast of 22% when including these memory markets.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.