Cellphones Remain the Largest Driver of IC Sales, but Growth Stalls
December 11, 2015 | IC InsightsEstimated reading time: 2 minutes
The total production value of electronic systems is forecast to decrease 2% in 2015 to an estimated $1,423 billion, marking only the fourth time in history that the systems market registers a decline (previous years were 2001, 2002, and 2009). Total electronic system sales are forecast to reach $1,614 billion in 2019, which represents a compound annual growth rate (CAGR) of 2.1% from $1,454 billion in 2014. Figure 1 compares the relative market sizes and projected growth rates of nine major systems segments covered in IC Insights’ recently released 2016 edition of its IC Market Drivers report. These nine market categories represented approximately 70% of the estimated total production value of all electronic systems in 2015.
Figure 1
Among individual end-use systems covered in detail in the 2016 IC Market Drivers report, cellphones expanded their lead over standard personal computers (desktops and notebooks) as the largest electronic systems market in 2015 after overtaking PCs for the first time in 2013. Cellphones accounted for 18% of total electronics systems sales ($262.2 billion) versus about 13% for standard PCs ($187.4 billion) in 2015. Cellular phone sales are projected to rise by a CAGR of 2.9% in the 2014-2019 period, while standard PC revenues are expected to slump by an annual rate of -1.7%, partly due to longer upgrade cycles for standard PCs, the influx of tablet computers into the mix of computing platforms, and the growing use of smartphones to access the Internet.
Page 1 of 2
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.