Electronics Market Set for 5% CAGR through 2018

摘要

Scottsdale, az - Total production value of electronic systems is projected to increase 5% in 2014 to $1.49 trillion and climb to about $1.82 trillion in 2018, a compound annual growth rate of 5.2% since 2013, according to IC Insights. Cellphones are extending their lead over standard PCs (desktops and notebooks) as the largest electronic systems market after overtaking PCs for the first time in 2013. Cellphones are also the largest end-use IC application, accounting for 25% of total IC sales in 2014 versus 21% for standard PCs. Systems sales associated with the emerging Internet of Things are expected to rise by the fastest rate in the forecast period, growing by a CAGR of 21.1%. In 2014, cellphone handsets were expected to account for 18% of worldwide electronic systems sales ($265.2 billion) vs. standard PCs at 13% ($196 billion) of the total.