The semiconductor market consists of the manufacture and sale of semiconductors and related products. The market value refers to the sale of semiconductors at manufacturers sales price (MSP).
The US semiconductors market has been increasing in its rate of decline over the past few years. Despite this, forecasts predict a significant recovery in market value in 2010, followed by a moderate, steady growth rate for the remainder of the forecast period.
The US semiconductors market generated total revenues of $34.2 billion in 2009, representing a compound annual rate of change (CARC) of -4.3% for the period spanning 2005-2009. In comparison, the European and Asia-Pacific markets declined with CARCs of -13% and -2.3% respectively, over the same period, to reach respective values of $26.6 billion and $114.3 billion in 2009.
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