HONG KONG – World Semiconductor Trade Statistics expects the global semiconductor market to increase 5.4% in 2011, 7.6% in 2012 and 5.4% in 2013.

The WSTS forecasts the semiconductor market to reach $338.4 billion in 2012, following an increase to $314.4 billion in 2011.

The industry is now expected to top $356.6 billion in 2013, with a three-year CAGR of 6.13% from 2010 to 2013.

In 2010, the industry recovery – driven by enterprise and consumer spending – resulted in 31.8% growth, totaling $298.3 billion. 

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