Semiconductor Industry to See Less Volatility Long Term
Semiconductor Revenue Is Expected to Rise, but Slowly
77% of respondents say their company will see semiconductor revenue growth in the next year, compared with 75% a year ago.
Small Percentage of Execs Expect Big Revenue Gains
Only 22% of the respondents expect revenue to increase more than 10% in the next three years.
Profitability Outlook Is Viewed Optimistically
78% say industry profitability will rise over the next year, compared with 71 percent in 2012.
Most Important Applications in Next Three Years
At least 55% of respondents said these would be the most important semiconductor apps: mobile (69%), consumer (66%), computing (64%) and alternative renewable energy (63%).
Other Key Semiconductor Apps in Next Three Years
Industrial (62%), automotive (60%), medical (55%) and wireline communication (55%) also ranked high.
Industry Turns to Medical Tech
In the medical tech arena, about half the respondents say medical imaging and scanning will create the greatest revenue opportunity in three years.
Automotive Sector Drives Growth
In auto-related markets, roughly one-quarter say body electronics (remote control, and heating and ventilation systems) would provide the most semiconductor revenue in three years.
Growing Regional Diversity of Semiconductor Market
56% say the U.S. will be the most important region for semiconductor growth in the next three years, while 55% say China will be.
Semiconductor Industry’s Job Growth to Be Moderate
Predicting modest jobs gains, survey respondents cite China (59%) and the U.S. (48%) as the top markets for employment growth in 2014.
M&As at Semiconductor Companies Forecast to Rise
Nearly three-quarters anticipate an increase in the number of M&A deals in the industry in 2014.
R&D Budgets Remain Stable
More than three-quarters expect semiconductor-related R&D spending to increase in the next fiscal year, similar to last year.