Power IC Market makes a full recovery in 2010

Monday, 25 October 2010 11:04

Read this week's issue - October 25, 2010

Following a decline of over 14% in 2009, the world market for power management and driver ICs is forecast to recover fully in 2010, growing by 20% to over $12 billion. Strong annual growth is projected for the next four years. This is according to the latest analysis from IMS Research. 

All sixteen of the power IC markets analyzed in 2010 have outperformed previous growth predictions. Strong growth is projected to continue into 2011 and for most products through to 2014, driven by strong forecast demand in applications such as lighting, PC notebooks, servers and cellular infrastructure. It has however been questioned by some involved in the industry as to whether growth is being driven by real underlying demand. 

Ryan Sanderson, Senior Market Analyst for IMS Research’s Power and Energy group, commented “Growth in the first half of 2010 was much stronger than many power semiconductor suppliers had predicted and has continued into the second half of the year. Whilst demand for end equipment certainly accelerated in 2010, there is also an element of over-spending; which has been driven by low capacity causing the lead times for many components to be extended. This has inflated revenue growth and also helped to stabilize average selling prices”. 

Read more in the October 19, 2010 CNET "Power IC Market makes a full recovery in 2010

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