SCOTTSDALE, AZ – The IC industry as a whole registered a five-year CAGR of 12% between 2001 and 2006. However, the cellular phone IC market displayed the most notable CAGR of 22% during that time period, says IC Insights in its May update of the McClean Report.

For the first time ever, cellular handset unit volume shipments are forecast to total more than one billion this year, the research firm predicts.

Cellular phone handset unit shipments, revenue, and ASP are forecast to be +10%, +3%, and -6%, respectively.

Nokia is expected to ship more than 400 million handsets, and Sony Ericsson cellular phone shipments are expected to surge at least 40%, exceeding Samsung in handset revenue this year.