2013 systems up 5%; ICs up 6%; GDP up 3.2%, says IC Insights

Rising global GDP will lift the electronics industry next year, says IC Insights.

ICs will grow at 6% in 2013 and will have a 7.4% CAGR  between 2011 and 2016 – more than twice the 3.3% CAGR of the 2006-11 period.

From the 2.6% world GDP growth this year, 2013 GDP is expected to rise to 3.2%.

Electronic systems sales grew only 3% this year but will grow 5% next year with communications becoming the biggest sector.

Communications grew 6%  this year, driven by the sale of 750m smartphones, while computers grew only 1% in 2012.

Tags: 750m, cagr, Electronic Systems, Electronics Industry, IC Insights, world gdp growth

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