Semiconductor Industry to See Less Volatility Long Term
77% of respondents say their company will see semiconductor revenue growth in the next year, compared with 75% a year ago.
Only 22% of the respondents expect revenue to increase more than 10% in the next three years.
78% say industry profitability will rise over the next year, compared with 71 percent in 2012.
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%).
Industrial (62%), automotive (60%), medical (55%) and wireline communication (55%) also ranked high.
In the medical tech arena, about half the respondents say medical imaging and scanning will create the greatest revenue opportunity in three years.
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.
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.
Predicting modest jobs gains, survey respondents cite China (59%) and the U.S. (48%) as the top markets for employment growth in 2014.
Nearly three-quarters anticipate an increase in the number of M&A deals in the industry in 2014.
More than three-quarters expect semiconductor-related R&D spending to increase in the next fiscal year, similar to last year.