IT market research specialist IDC has released its estimate for global semiconductor sales in 2013, the company detailed in a press release. According to its research, these should increase 4.9% on a year-over-year basis to $319 billion.
IDC said this will be due to robust demand for high-end smartphones in developed countries and the continued transition to 3G networks in less economically powerful nations.
For the 2011-2016 period, the company anticipates a compound annual growth rate of 4.1% for semiconductors. It believes the market will reach $368 billion in 2016.
Meanwhile, IDC anticipates that 2012 will be a year of weak growth at under 1% on a year-over-year basis to total around $304 billion.
The article IDC: Global Semi Revenues to Grow 4.9% in 2013 originally appeared on Fool.com.
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