Market News

STAMFORD, CT – Worldwide semiconductor revenue is forecast to total $333 billion in 2016, a decrease of 0.6% from 2015, according to Gartner. This is following a decline of 2.3% in 2015 due to weakened demand for key electronic equipment, elevated inventory levels, and the continuing impact of the strong dollar in some regions.

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DOVER, DE – Automotive electronics will grow from $185.1 billion in 2015 to $352.9 billion by 2023, a 91% jump, new research suggests.

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FRAMINGHAM, MA – Worldwide PC shipments totaled 60.6 million units in the first quarter, down 11.5% year-over-year but in line with forecasts.

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BOSTON – Global virtual reality headset revenues will reach $895 million in 2016, with 77% of that value accounted for by newly launched premium devices from Oculus, HTC and Sony, says Strategy Analytics.

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STAMFORD, CT – Worldwide IT spending is forecast to total $3.49 trillion in 2016, down 0.5% over 2015, says Gartner. The forecast is down from the research firm's previous outlook of 0.5% growth, published last quarter.

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LYON, France – The share of electric cars (EV) and their hybrid cousins (HEV) made up 30% of the overall power module market in 2015, a share that will grow to almost 50% by 2021.

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