Global GDP Impact on Worldwide IC Market Growth Expected to Rise

Excluding memory, correlation coefficient expected to reach a very high level of 0.94 in the 2018-2023 timeframe.

July 25, 2019 -- In its soon to be released Mid-Year Update to The McClean Report 2019, IC Insights forecasts that the 2018-2023 global GDP and IC market correlation coefficient will reach 0.88 (0.94 when excluding memory), up from 0.87 in the 2010-2018 timeperiod.  IC Insights depicts the increasingly close correlation between worldwide GDP growth and IC market growth through 2018, as well as its forecast through 2023, in Figure 1.

From 2010-2018, the correlation coefficient between worldwide GDP growth and IC market growth was 0.87 (0.92 excluding memory), a strong figure given that a perfect positive correlation is 1.0.  In the three decades previous to this timeperiod, the correlation coefficient ranged from a relatively weak 0.63 in the early 2000s to a negative correlation (i.e., essentially no correlation) of -0.10 in the 1990s.

IC Insights believes that the increasing number of mergers and acquisitions, leading to fewer major IC manufacturers and suppliers, is one of major changes in the supply base that illustrate the maturing of the industry and helping foster a closer correlation between worldwide GDP growth and IC market growth.

Another reason for a better correlation between worldwide GDP growth and the IC market growth is the continued movement to a more consumer driven IC market.  Twenty years ago about 60% of the IC market was driven by business applications and 40% by consumer applications, but those percentages are reversed today.  As a result, with a more consumer-oriented environment driving electronic system sales, and in turn IC market growth, the health of the worldwide economy is increasingly important in gauging IC market trends.

The 200+ page Mid-Year Update to the 2019 edition of The McClean Report further describes IC Insights’ IC market forecasts for 2019-2023.

Report Details:  The 2019 McClean Report

Additional details on semiconductor and IC market trends will be provided in the Mid-Year Update to The McClean Report—A Complete Analysis and Forecast of the Integrated Circuit Industry.  A subscription to The McClean Reportincludes  free monthly updates from March through November (including the 200+ page Mid-Year Update), and  freeaccess to subscriber-only webinars throughout the year.  An individual user license to The McClean Report is priced at $4,990 and includes an Internet access password.  A multi-user worldwide corporate license is available for $7,990.




Review Article Be the first to review this article
Aldec

Featured Video
Latest Blog Posts
Colin WallsEmbedded Software
by Colin Walls
Low power modes
Jobs
Electrical Engineer for SECOND SIGHT MEDICAL PRODUCTS at Sylmar, California
Principal Software Engineer (Middleware) for Alcon Research, LLC. at Lake Forest, California
Electrical Engineer ‐  ASIC Layout  for SECOND SIGHT MEDICAL PRODUCTS at Sylmar, California
Nano-Optics Process Engineer for DiCon Fiberoptics, Inc. at Richmond, California
Product Applications Engineer for DiCon Fiberoptics, Inc. at Richmond, California
Lead Validation Engineer for Alcon Research, LLC. at Johns Creek, Georgia
Upcoming Events
Embedded Systems Conference (ESC) Silicon Valley at San Jose Convention Center San Jose CA - Aug 27 - 29, 2019
Tech Symposium on RISC-V at Hotel Daniel Herzlia Tel Aviv Israel - Sep 5, 2019
PCB West 2019 at santa clara convention center Santa Clara CA - Sep 9 - 12, 2019
SEMICON Taiwan 2019 at TaiNEX Taipei Taiwan - Sep 18 - 20, 2019



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise