The global market for mobile device semiconductors is expected to grow 5 percent growth this year, IHS iSuppli said yesterday
The anticipated growth reflects rising demand for mobile communications gadgets such as cellphones, the market research firm said.
Smartphones, which carry costlier processors, memory chips and censors are also pushing up sales of mobile communications integrated circuits, it said.
Smartphone support for the next-generation long term evolution wireless standard is also raising demand for semiconductors because more capable digital basebands, radio frequency transceivers and power amplifiers are required for the new standard, iSuppli said.
It said the mobile communications IC market this year is expected to generate US$74 billion in sales, up 5 percent from a year earlier.
Meanwhile, iSuppli forecast that the global mobile communications equipment business will post revenue of US$376 billion this year, a 13 percent annual increase.
Sales generated by mobile communications equipment manufacturers globally are expected to rise by 18 percent next year to US$444 billion, the firm said.
“The wireless equipment market is continuing to grow this year, despite facing daunting economic headwinds, including the slowdown in China and the turmoil engulfing the eurozone,” iSuppli analyst Francis Sideco said in a statement.