According to projections by research firm IDC, global semiconductor revenue is expected to reach US$319 billion in 2013. The bright spots in the market include portable computing devices, set-top boxes and automotive electronics that are expected to be key drivers of growth in the near future.
The report also listed the headwinds faced by the industry due to weak demand for PCs, price deterioration in the memory market; especially DRAM, semiconductor inventory rationalization, as well as various global economic issues such as a slowdown in China, the Eurozone debt crisis and recession, Japan's persistent recession, and ongoing concerns over fiscal cliff negotiations that are affecting corporate IT spending.
It is not all doom and gloom as IDC noted that smartphones, tablets, set-top boxes and automotive electronics will continue to be bright spots for the industry in the coming years. Semiconductor revenue for the communications segment is expected to grow 6.5% on-year in 2013; while revenues for 4G phones are projected to grow by more than 140% for the same year. For more information on IDC's report, do head over this link.