Demand for Sophisticated Medical Devices Driving Growth of Semiconductor IC Market

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A recently released report by Technavio reveals that the Global Semiconductor Integrated Circuit (IC) market is expected to grow at a CAGR of 8.5 percent.

London, UK, August 29, 2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Semiconductor Integrated Circuit (IC) market is expected to grow at a CAGR of 8.5 percent.

The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the growing demand for high-end medical devices.

According to Technavio’s industry analyst, “Semiconductor ICs are used extensively in high-end medical devices. The demand for such devices has been growing consistently with technological advancements in healthcare. Smart chips in particular have been aiding doctors to diagnose critical illnesses. As a result, there is increasing demand for semiconductor ICs.”

The report also highlights that the demand for more economic ICs is hindering the growth of this market. However, the demand for advanced telecommunications infrastructure is expected to keep driving the market. There is also a trend in this market of semiconductor vendors going fabless. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global Semiconductor Integrated Circuit Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Intel Corp., Samsung Electronics, Toshiba Corp., and Texas Instruments.

For further information and to obtain your copy of this report, please visit http://technavio.com/content/global-semiconductor-.... Follow us on Twitter: @technavio for daily updates.