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Home > News > Company News > 2017 chip market to grow 16%, .....

2017 chip market to grow 16%, says IC Insights

  • Author:Ella Cai
  • Release on:2017-08-02
The IC market will grow 16% in 2017 due to exceptional growth in the DRAM and NAND flash memory markets, says IC Insights.

The DRAM market is now forecast to grow 55% and the NAND flash market is now expected to rise 35% this year—in both cases, almost entirely due to fast-rising prices rather than unit growth.

Excluding these two markets, the overall IC market growth is forecast to show just 6% year-over-year growth.

The expected 16% increase would be the first double-digit gain for the IC market since it expanded by 33% in 2010—the recession-recovery year—and the fifth double-digit increase for the IC market since 2000.

As seen in the figure, the DRAM market has had a notable impact on total IC market growth in recent years. With market surges of 32% and 34% in 2013 and 2014, respectively, the DRAM market alone boosted the worldwide IC market growth rate by three percentage points in 2013 and four percentage points in 2014.

At $64.2 billion, the DRAM market is forecast to be by far the largest single product category in the IC industry in 2017, exceeding the expected second-ranked MPU market for standard PCs and servers ($47.1 billion) by $17.1 billion this year.