Its latest figures published yesterday (July 6th) indicate that the compound annual growth rate (CAGR) in the sector, for the 2009 to 2014 period, will be approximately 8.8 per cent, generating revenues of $274 billion (£181 billion) this year.
Furthermore, that revenue total increases to $295 billion in 2011 and is set to reach $344 billion in four years' time.
Similarly, the market for PC semiconductors is forecast to have a CAGR of 12.2 per cent over the same period, with an equally positive outlook for firms making components for converged mobile devices.
However, Maki Vankatesan, research manager at IDC's semiconductor division, is cautious about the prospect of an industry-wide recovery slowing down, but notes this would mean that the sector could enjoy a delayed rise in 2011, rather than by the end of this year.
IDC is a market intelligence and advisory service offering assistance to organisations in areas such as telecommunications and information technology.
