10 Key Factors Driving Semiconductor Market Growth

Confidence in continued growth is on the upswing among semiconductor companies, but "guarded optimism" is the watchword, according to a recent survey from KPMG. The "KPMG Global Semiconductor Survey: Cautious Optimism Continues" report indicates that an overwhelming majority of industry execs expect their company revenues to increase in 2015, and many are planning to boost capital spending to enhance competitive capabilities. Sensors and optoelectronics were among the key growth drivers.. And while increased costs for plants, equipment and R&D will present challenges, overall sentiments for continued success remain strong. "With a wider range of attractive product categories [beyond traditional areas of growth related to PCs] and broader geographic markets, the majority of respondents agree the semiconductor industry remains in an expansion stage and may be becoming less susceptible to the boom-and-bust cycles of the industry's earlier years," the report indicates. A total of 155 semiconductor industry senior executives took part in the research. Channel Insider examines key takeaways from the study.