IDC: Global Semi Revenues to Grow 4.9% in 2013

IT market research specialist IDC has released its estimate for global semiconductor sales in 2013, the company detailed in a press release. According to its research, these should increase 4.9% on a year-over-year basis to $319 billion.

IDC said this will be due to robust demand for high-end smartphones in developed countries and the continued transition to 3G networks in less economically powerful nations.

For the 2011-2016 period, the company anticipates a compound annual growth rate of 4.1% for semiconductors. It believes the market will reach $368 billion in 2016.


Meanwhile, IDC anticipates that 2012 will be a year of weak growth at under 1% on a year-over-year basis to total around $304 billion.

The article IDC: Global Semi Revenues to Grow 4.9% in 2013 originally appeared on Fool.com.

Eric Volkman has no positions in the stocks mentioned above, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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