Semiconductor and Circuit Manufacturing in the US Industry Market Research Report From IBISWorld Has Been Updated
Although operators will continue to face strong international competition, new opportunities in next-generation semiconductors and electronic inputs will encourage operators to invest in product development. For these reasons, industry research firm IBISWorld has updated a report on the Semiconductor and Circuit Manufacturing industry in its growing industry report collection.
New York, NY (PRWEB) August 31, 2014
Semiconductors are a core component of electronic devices and form a vital part of products ranging from devices and systems (e.g. computers, cell phones and televisions) to solutions and services (e.g. internet providers, telecommunications and broadcasting services). The Semiconductor and Circuit Manufacturing industry is one of the top export industries in the United States and, according to the Semiconductor Industry Association (SIA), indirectly provides jobs to 250,000 Americans. Valued at $79.5 billion, the industry has grown at an average annual rate of 4.8% in the five years to 2014. “However, a portion of this growth represents a recovery from the industry's dismal performance in 2009,” according to IBISWorld Industry Analyst Darryle Ulama.
Revenue is expected to contract by 1.7% in 2014, as demand for US-made semiconductors is offset by international competition and aggressive import penetration. Emerging countries, particularly in East Asia, have siphoned semiconductor manufacturing away from the United States through industrial policy, tax incentives and high-tech corridors with low-cost labor. Even as global demand for semiconductors rises, industry manufacturers are operating in a highly competitive global industry. “Combined with price reductions, production outsourcing and international competition have prevented the industry from achieving higher revenue growth in the past five years,” says Ulama These factors have also contributed to the industry's high revenue volatility, as industry performance becomes more closely embedded into the globalized electronics value chain.
In the five years to 2019, greater research and development efforts will sustain the industry. Although operators will continue to face strong international competition, new opportunities in next-generation semiconductors and electronic inputs will encourage operators to invest in product development. For example, manufacturers will focus on producing wide bandgap semiconductors that are smaller, faster and more efficient than their silicon counterparts. Additionally, greater demand for industry products in smart grid technology and smart vehicles will spur revenue growth.
For more information, visit IBISWorld’s Semiconductor and Circuit Manufacturing in the US industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.
IBISWorld industry Report Key Topics
This industry includes companies that manufacture semiconductors and related devices and parts. Products in this industry include integrated circuits, memory chips, microprocessors, diodes, transistors and other optoelectronic devices.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12133028.htm