Research firm IC Insights said, unlike in 2010, before the global IC industry growth by the impact of global economic development. Such as interest rates, oil prices, fiscal incentives in external economic environment factors will become an important factor affecting the growth of the IC market.
The agency said that in 2010, the IC industry market cycle is mainly affected by the industry, such as capital expenditures, IC capacity, as well as product prices and other factors.
According to 1992 since the global GDP annual growth rate (GDP) and IC market annual growth rate data during 1992~2010, the annual growth rate of global GDP and IC market annual growth rate showed irregular change, and also did not show the correlation between each other.
However, 2011~2016 data is displayed, the global GDP annual growth rate and the IC market size of the annual rate of increase in swing amplitude narrowed, and in addition to 2013, the changes between each other also began to show a positive correlation. In other words, by 2011 (except in 2013), with the global GDP annual rate of increase, the IC market size will increase the annual rate of increase; GDP growth rate decline, IC market size growth rate has declined.
Although the annual growth rate of GDP and IC market annual growth rate of the specific relationship between, further studies are still found, but based on the above observations, IC Insights estimates that the annual growth rate of global GDP and IC market annual growth rate between the positive correlation tendency, will continue until 2021.
Statistics show that since 1960, every 10 years, the average annual rate of increase in global GDP continued to show a decline, but the estimated annual average annual rate of increase of 2011~2017 GDP, will be slightly picked up.
Moreover, from 1980 to date, the global average annual rate of GDP growth of 2.8%, slightly higher than most economists believe that the current global economic recession is the threshold of performance of 2.5%.
With the estimated 2016~2021 global GDP annual growth rate will fall between 2.5~3.0%, IC Insights expects the same period in the global IC market growth rate will fall between 2~7%. In addition, in 2017 the global GDP annual growth rate is expected to be 2.6%, IC market size is expected to increase annual rate of 5%.