LOS ALTOS, CA – Industrial & Instrument (I & I) global output is expected to drop 10.4% this year, compared to a 1.3% increase in 2008, says
Henderson Ventures.
The semiconductor manufacturing equipment sector is expected to bear the brunt.
The I & I sector peaked during the third quarter of 2008 at $273 billion but dropped 5.3% to $251 billion in February. Recovery is forecast to be slow in coming.
A 4.3% increase is expected in 2010, with a meatier 9.6% gain in 2011 on growth of capital-intensive sectors of the global economy.