A semiconductor industry forecast published today (March 15th) has predicted that demand from China and India will lead to double digit growth for the Asian market by 2012.
The Semiconductor Industry Forecast to 2012, carried out by research company RNCOS, said that the regional market for semiconductors would show strong signs of positivity by the end of this year and increased growth in the coming years.
According to the forecast, integrated circuits (ICs) easily remained the best performing sector of the industry, accounting for 84 per cent of 2008 sales with optoelectronics the next best performer.
RNCOS' report also predicts future growth to be led by the sale of sensors with the rate of growth projected to be around 14.4 per cent between 2010 and 2012.
Optoelectronics and ICs will also continue to perform strongly in Asia with forecast growth of 11.5 per cent and 10.1 per cent respectively.
However, it is predicted that the region's two largest growing economies, China and India, will not only drive up regional sales but worldwide figures too.
The report added: "At regional level, our research projects that Asia-Pacific will account for more than half of the semiconductor market by the end of [the] forecast period."