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WSTS sees semiconductor sales falling 2.2% in 2009
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The World Semiconductor Trade Statistics (WSTS) has released its forecasts for 2008 and 2009. The global semiconductor market is expected to grow 2.5% on an annualized basis to $261.9 billion in 2008, which have been revised downwards 0.7 percentage points compared to the forecast that WSTS had issued in May, 2008. The fall is due to weaker than expected sales in the fourth quarter, WSTS said.
Weaker demand in 2009 is also to blame for its projection that sales will decline by 2.2 percent next year with sales reaching US$256 billion. However, a rebound is expected in 2010, showing growth of 6.5%, reaching US$273 billion. 
"The WSTS foresees a continuously growing demand for electronic products such as PCs, digital consumer appliances, mobile communications, and last but not least automotive electronics, enhanced by the increase of semiconductor content per installed system." said Dr. Ulrich Schaefer, Worldwide Chairman of WSTS. "These trends are expected to unfold in a challenging, yet generally healthy world economy. Although the present worldwide economic crisis will cause a reduction of sales in the next year, in the long run this positive trend will however continue."
Growth is expected to peak in 2011, with the Asia Pacific region being the fastest growing geographical area.
