Global electronics market forecast: $1.74 trillion in 2017 at a CAGR of 5%

The leading electronics and semiconductor market research analysis company IC Insights forecasts the total global electronic systems sales to reach US$ 1.74 trillion in year 2017, a compound annual growth rate of 5% from US$1.36 trillion in 2012. IC Insights estimates the total electronic systems market by sales revenue of US$1.4 1 Trillion in year 2013. IC Insights has come out with a report called "IC Market Drivers report" on the market analysis of several existing and emerging end-use applications that will drive the IC market through the year 2017. IC Insights finds cellphones overtaking standard personal computers (desktop and notebook PCs) as both the largest electronic systems market and the largest end-use application for ICs in 2013 for the first time ever. Below are the other market research findings shared by IC insights as part of this study: Figure 1 compares the relative market sizes and projected growth rates of nine major systems segments among nearly a couple dozen end-use electronic product categories covered in the 2014 IC Market Drivers report. These nine market categories represented an estimated two-thirds of the total production value of all electronic systems in 2013. Cellphones will overtake standard personal computers (desktop and notebook PCs) as the largest electronic systems market for the first time in 2013. Cellphones are expected...