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The Chip Market Will Grow About 6% In 2013

The market research firm, ICInsights predicts to benefit from the improvement of the global gross domestic product (grossdomesticproduct, GDP), the global chip market in 2013 will have a growth rate of 6%.  From a more long-term point of view, ICInsights expected between 2011 to 2016, the chip market compound average annual growth rate (CAGR) will be 7.4% ,which is almost double of 3.3% in chip market CAGR value in 2006-2011. ICInsights said in 2013 global GDP growth forecast is 3.2%, mainly driven by improved economic conditions in China and the United States, including the U.S. housing market demand, as well as the job market and employment stronger demand, as well as China's factory production and retail sales accelerated growth .In the sales of main categories of electronic device ,the field of communications have strongest performance in 2012, up to 6% growth rate; at same time the computer field sales are estimated to grow by only 1%, the growth rate of the field in 2012 is up to 11%.

    
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