全球半導體市場前景及投資研究報告-培訓課件外文版2024.5三星臺積電光刻機

INDUSTRIES

&

MARKETSSemiconductors:

market

data

&analysisMarket

Insights

reportOctober2023Agenda01

Market

InsightsOverview03

AppendixProductoverviewAuthor312162529357983Russia-UkrainewarMarketdriversMarket

methodologyKeyplayersTrends02

MarketsIntegratedCircuitsOptoelectronics47556371DiscreteSemiconductorsSensors&Actuators2MARKET

INSIGHTSOverviewThe

Semiconductors

marketdynamics

are

influenced

by

end

markets

operatingin

the

automotive,

electronics,

telecommunications,

and

industrial

sectorsOverview:

management

summaryTheSemiconductors

market

isgreatly

influenced

byseveral

endmarkets,

suchasthe

automotive,

consumer

electronics,

telecommunications,

andindustrialequipment

markets.

Historically,

the

Semiconductors

market

hashad

acycle

ofhighand

low

revenue

growth,

mainly

duetoswings

indemand.

Asobserved

in2021,

the

market

islikely

to

grow

more

when

thereis

ahigh

demand

forsemiconductors,

however,

several

economic

and

market-specific

factors,such

asproduction

andsupply

issues,

would

likely

lead

tolower

growth.Beyond

end

markets

suchasautomotive,

consumer

electronics,telecommunications,

andindustrialequipment,social

and

economic

factorssuchasgross

domestic

product(GDP)are

alsoinfluencingthepromising

growth

of

theSemiconductors

market.

Astrong

GDP

increases

consumer

spending,especially

onelectronic

devices

suchassmartphones,

laptops,and

appliances.

Thisincrease

indemand

ispushingsemiconductor

manufacturers

to

produce

advanced

chips.TheSemiconductors

market

isexperiencing

continuousexpansion,

with

new

trendsemerging

every

year.

And,asoneof

the

most

rapidlygrowing

markets

intheindustry,theSemiconductors

market

isevidently

fueled

bythese

different

trends.Thetopfouremerging

trendsdiscussed

inthe

report

are5G,adoption

of

artificialintelligence

(AI),

implementation

of

the

Internet

of

Things(IoT),and

autonomousvehicles.Over

the

pasttwo

decades,

the

Semiconductors

market

share

hassignificantlyshiftedfrom

American

and

European

countries

to

Asiancountries

dueto

anincrease

inelectronic

equipment

production

inthese

countries.

Currently,Chinaremains

thelargest

consumer

of

semiconductors.Inthe

StatistaTechnology

Market

Insights,we

havedivided

the

Semiconductorsmarket

into

thefollowing

markets:

Integrated

Circuits,Optoelectronics,

DiscreteSemiconductors,

and

Sensors

&Actuators.

Therevenue

of

the

globalSemiconductors

market

was

US$610

billionin2022

and

is

expected

toreachapproximately

US$736

billion

in2027.

Major

players

inthisindustryare

SonyCorporation,

Intel,andQualcomm.Themarket

will

likely

continueto

becyclical

forthenextfew

years

due

tomajorswings

inthedemand

and

supplycapabilitiescaused

bythe

ongoing

Russia-Ukraine

war,theenergy

crisis,

and

inflation.Themarket

isexpected

to

experience

adownturn

in2023

and

significantgrowth

inthe

following

years.4Sources:

Statista

MarketInsights

2023Semiconductors

are

crucial

components

of

many

electronic

devicesOverview:

market

definition

(1/2)InscopeOutof

scope?

Discrete

semiconductors

suchasdiodes,?

Silicon

waferstransistors,

and

resistors?

Semiconductor

foundry

servicesSemiconductors

are

the

crucial

building

blocks

of

allthe

electronics

we

see

daily.

The

semiconductor?

Integrated

circuitssuchasDRAM,microprocessors,

analogtodigital

convertersindustrymanufacture,comprisescompaniestest,thatanddesign,supply?

Optoelectronics

suchasLEDs,laser

diodesassemble,Sensors

and

actuatorssuchasimage

sensors,temperature

sensorssemiconductors

that

are

suitable

for

variousapplications.

The

Semiconductors

market

representsthe

market

size

of

the

semiconductors

used

in

variouselectronics

applications.?Revenues

aregenerated

throughbothonlineandofflinesaleschannelsandincludespendingbyconsumers

(B2C),enterprises

(B2B),

andgovernments

(B2G).5Sources:

Statista

MarketInsights

2023Within

the

Semiconductors

market,

four

markets

can

be

differentiatedOverview:

market

definition

(2/2)Integrated

CircuitsOptoelectronicsDiscrete

SemiconductorsSensors

&ActuatorsIntegrated

circuits(ICs)areTheOptoelectronics

market

includesDiscrete

semiconductors

arethebasicTheSensors

&Actuatorsmarketsemiconductors

thataremanufactured

semiconductor

devices

thatare

usedfor

typeofsemiconductors,

often

built

using

includessemiconductor

devices

thatareusingseveral

interconnected

devices.These

devices

are

cost-effective

andefficient

when

compared

to

thenumberof

discrete

devices

usedtoachieve

thesame

functionality.light-sensing

and

-emittingfunctionalities.

Thisincludesdevicessuchasdisplays,light-emitting

diodes(LED),optical

switches,

etc.asinglesemiconductor

device.

Unlikecomplex

integrated

circuits,they

areused

inapplicationstoperform

anelementary

electronic

function.Semiconductors

such

asdiodes,transistors,

resistors,

capacitors,

andinductorscanbeclassified

asdiscretesemiconductors.madeformeasuring

physical,chemical,andbiological

properties

suchastemperature,

pressure,

andacceleration,

as

well

asgyroscopesensors

and

microelectromechanical(MEMS)

devices

thatconvert

electricalsignalsintophysicalactionsindevicessuchasrelays,

digitalmicromirrors,

etc.6Sources:

Statista

MarketInsights

2023In

2022,

Integrated

Circuits

represented

the

largestmarketwithin

the

globalSemiconductors

market,

generating

US$504

billion

in

revenuesOverview:

key

takeawaysWorldwide

Semiconductors

market

revenue

inbillionUS$Keytakeaways?

In2022,

the

Semiconductors

market

generated

atotalrevenue

of

US$610

billion4%6%worldwide.8%?

Accountingfor83%

of

the

Semiconductors

market,

Integrated

Circuitswas

thelargest

market

in2022,

generating

US$504

billioninrevenues.?

Thesecond

largest

market

isOptoelectronics

with

arevenue

of

US$47

billion(8%).

WithUS$23

billion

(4%),

Sensors

&Actuatorsrepresents

the

smallestmarket

oftheglobal

Semiconductors

market.US$610billion?

Inthe

Semiconductors

market,

China

and

theUnitedStatesaccounted

forthehighest

revenues

in2022,

withUS$194

billion

and

US$81

billion,respectively.83%Integrated

CircuitsOptoelectronicsDiscrete

SemiconductorsSensors

&Actuators7Sources:

Statista

MarketInsights

2023The

global

Semiconductors

market

was

worth

US$610

billion

in

2022

and

ispredicted

to

continue

growing

at

a

stable

rateOverview:

sales

figures(1/2)Worldwide

Semiconductors

market

revenue

inbillionUS$736.0+6%(1)700.052.0656.050.029.048.031.052.026.044.0610.047.0614.049.0591.046.053.023.036.023.041.020.032.0553.049.022.039.0515.042.015.026.0478.0462.047.0452.016.026.015.014.024.0372.041.027.0

44.012.0

40.021.0600.0571.02026536.0504.0501.0493.0443.0432.02018392.0374.0373.0298.02016201720192020202120222023202420252027Integrated

CircuitsOptoelectronicsDiscrete

SemiconductorsSensors

&Actuators8Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

Statista

MarketInsights

2023With

a

CAGR

of

8%

by

2027,

the

Discrete

Semiconductors

market

is

predicted

tohave

the

highest

growth

potentialOverview:

sales

figures(2/2)Integrated

CircuitsOptoelectronicsDiscrete

SemiconductorsSensors

&Actuators+2%(1)+4%(1)600.053.052.031.0+6%(1)+8%(1)47.0504.023.036.0202220272022202720222027202220279Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

Statista

MarketInsights

2023In

a

global

comparison,

the

Semiconductors

market

in

China

produced

thehighest

revenue

in

2022,

generating

approximately

US$194

billionOverview:

worldwide

comparison

(1/2)Revenue

comparison

in2022

inbillionUS$Revenue

sharesin2022Australia&Oceania0%China193.6Europe9%United

States80.5JapanSingaporeMexico51.945.538.8Americas24%Brazil21.719.818.215.914.2SouthKoreaVietnam66%AsiaMalaysiaGermany10Sources:

Statista

MarketInsights

2023The

Semiconductors

market

in

China

is

predicted

to

grow

by

4%

between2022and

2027Overview:

worldwide

comparison

(2/2)Revenues

of

thetop

countriesinbillionUS$(1)+2%(1)+4%(1)+4%(1)238.087.4+4%(1)66.956.980.5193.645.551.920222027202220272022202820222028ChinaUnited

StatesJapanSingapore11

Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

Statista

MarketInsights

2023MARKET

INSIGHTSRussia-Ukraine

warWhile

the

global

growth

is

set

to

decelerate,

the

inflation

is

projected

to

slightlydecrease

but

still

stay

on

a

high

level

in

2023Russia-Ukraine

war

(1/3)Real

GDP

growth

rate

worldwide(1)Global

inflation

in%,

by

region

or

continent(2)8%?

According

toIMFdatafrom

April2023,

theglobalGDP

growth

for

2022

was

estimated

at3.4

percent.Thisfigurewas

1.5

percent

lower

than

thepre-Russia-Ukraine

war

forecast.

Additionally,theprojected

GDPgrowth

for2023

was

reduced

by0.8percent.6.1%8.8%WorldAsiaandPacificEurope6%6.5%4.9%3.4%3.6%2.8%6.7%3.4%3.1%4%2%2.8%5.7%9.8%9.7%?

Itwas

expected

thatAfricaand

theMiddleEastwould

bearthe

greatest

economic

impactof

the

waramong

allglobal

regions.

TheIMF

anticipatedthatinflationinthese

countries

would

bethe

highestcompared

to

other

regions,

at14.5%

and

13.2%

in2022

and

at12.4%

and

11.3%

in2023,

respectively.However,

in2023,

inflationisprojected

to

decreaseacross

allcontinents.7.0%0%Americas5.9%-2%-4%14.5%12.4%Africa-3.0%2020

2021201920222023202413.2%11.3%MiddleEastForecast

fromOctober

2021Historical

data

andforecast

from

April202320222023Notes:(1)

2019

to

2021;

October

2021

data:

2022

to

2024

forecast;April

2023

data:

2022

estimate,

2023

to2024

forecast(2)

2022

estimate,

2023

forecastSources:

IMF.

OECDMost

marketsexperienced

negative

returns

as

a

result

of

the

warRussia-Ukraine

war

(2/3)The

Russia-Ukraine

war

impactontheSemiconductors

marketBest-

andworst-performing

marketsworldwide(1)TheRussia-Ukraine

war

hashad

asignificantimpact

ontheSemiconductors

marketglobally.

Theconflictinitiallysparked

fears

of

recession

and

uncertainty

inenergysupplies,leading

to

sharpincreases

inenergy

pricesinseveral

European

countries.Asaresult,there

were

significantconsequences

forvarious

markets,

includingSemiconductors.

European

stock

markets

experienced

asharpdecline

atthebeginningof

the

war,

affectinginvestor

confidence

and

causinguncertainty

inthebusinessenvironment.

Thisuncertainty

translated

into

cautiousspending

bybusinesses

on

semiconductors

and

technology

investments,

leadingtoslowergrowth

and

delays

inprojects

inthissector.

Additionally,thewar

led

toashift

infocusformanybusinesses.

Industriessuchasenergy,

banks,andairlines,

whichbenefited

frominvestor

rotation

and

emerged

aswinners,

received

more

attentionandinvestment

thanthe

Semiconductors

market.-8%ITServices

andSoftwareSemiconductors1%1%27%7%-14%Communication

ServicesHardware-16%Itisexpected

thatwithin3years,

theSemiconductors

market

will

restore

itspositive

returnsof

27%

compared

topre-war

returns.1%Returns

(3y

prior)Returns

(1y)14

Notes:(1)

DatafromJan.31,

2019

to

Jan.31,

2023Sources:

MSCI’s

Barra

EULT41%

of

semiconductor

executives

expect

the

Russia-Ukraine

war

to

significantlyimpact

revenue

growth

across

the

Semiconductors

market

in

2023Russia-Ukraine

war

(3/3)Impacton

companies’revenue

growth

intheSemiconductors

market

in2023(1)?

TheRussia-Ukraine

war

isindirectlyaffectingtheeconomic

growthforecasts.

A

significant41%

ofsemiconductor

industryleadersexpress

apprehension

thatthisconflict

will

substantiallyimpactrevenue

growth

intheirsector

in2023.41%?

Thewar's

indirect

consequences

areevident

through

variouschannels,with

certain

stakeholders

attributing

ittothe

elevated

energy

costs.

Thisfactor,inturn,hascontributedto

therise

ininflationand

interest

rates,ultimately

dampening

demand.12%21%26%32%9%Not

concernedSlightlyconcernedModerately

concernedVery

concernedExtremely

concerned15

Notes:Respondents

n=151.

Question:

How

concerned

are

you

that

the

Russia-Ukraine

warwill

materially

impact

revenue

growthforthe

semiconductor

industry

in

2023?Sources:

KPMG

GlobalSemiconductor

Industry

OutlookMARKET

INSIGHTSMarket

driversAlong

with

the

Automotive

and

Consumer

Electronics

markets,

socio-economicfactors

also

drive

the

growth

in

the

Semiconductors

marketMarket

drivers:

summaryTheevolution

oftheSemiconductors

market

isincreasingly

linkedtotheInaddition,devices

suchaslaptops,tablets,andpersonal

computers

underlinethedemand

forspecialized

semiconductor

solutions.electrification

and

increasing

autonomous

capabilitiesof

modern

vehicles.

Amongthe

various

sectors,

the

automotive

industrystandsoutasthemost

importantrevenue

driver

forsemiconductor

companies.

Thisview

isfurtherreinforced

bythegrowing

popularity

of

electric

vehicles,

which

arefueling

strong

demand

forthehigh-end

chipsthatpower

thelatest

automotive

innovations.

Itisprojected

thatby2030,

automotive

semiconductor

revenues

will

reach

animpressive

US$150

billionannually.Remarkably,

around70%

ofthisgrowth

is

expected

tobedriven

bytheautomotive

industry,alongwith

computing/data

storage

and

wireless

technologies.Thisconfluence

of

factorscreates

acompelling

futureforthe

semiconductorindustry,which

is

headed

forunprecedented

success

inthecoming

years.Gross

domestic

product(GDP)isthe

primary

driver

oftheSemiconductors

market.Thisrelationship

underlines

the

key

role

thatsemiconductors

playintheglobaleconomy.

Astrong

GDP

leadsto

increased

consumer

spending,especially

onelectronic

devices

suchassmartphones,

laptops,and

home

appliances.Thisincrease

indemandisputting

enormous

pressure

on

semiconductormanufacturers

to

produce

advanced

chips.Businesses

arealso

contributingto

thisdemand

byinvesting

intechnology

upgradesand

datacenters.

Semiconductorshavediverse

applicationsbeyond

consumer

electronics

and

includeindustrialautomation,automotive

technology,

medical

devices,

andmore.

WithagrowingGDP,industriesinvest

ininnovation,furtherincreasing

thedemandforsemiconductors.TheSemiconductors

market

isexperiencing

asignificant

changeindynamics,largely

driven

bygrowing

demand

forconsumer

electronics.

Theincreasingproliferation

ofconsumer

electronics

suchassmartphones,

tablets,wearabledevices,

and

home

appliancesisplayingakey

role

indrivinggrowth

andfosteringinnovation

inthe

semiconductor

industry.Thisexplosive

growth

isparticularlyevident

intheubiquity

ofsmartphones

inourdailylives,driving

asignificant

needforhigh-end

semiconductor

chips.Infrastructuredevelopment

isanother

area

influenced

bytheGDP.Emergingeconomies

are

investing

inadvancedinfrastructure,

which

requiressemiconductors

for5G,IoT,and

smart

cities.17Sources:

Statista

MarketInsights

2023To

companies,

automotive,

wireless

communication,

and

cloud

computing

/

datacenters

are

the

most

important

drivers

for

increasing

revenueMarket

drivers:

drivers

by

applications(1/2)Importance

ofdriversfor

companieson

ascale

from

1to

5(1)AutomotiveWireless

communicationCloudcomputing

/data

centersInternet

of

Things3.93.63.53.5Artificialintelligence3.4Consumer

electronicsIndustrialequipmentWireline

communicationsPersonal

computing3.23.22.82.7Metaverse2.418

Notes:Respondents

n=151.

Question:

How

important

areeach

ofthe

following

applications

in

driving

your

company′s

revenue

streamoverthe

nextfiscal

year?Sources:

KPMG

GlobalSemiconductor

Industry

OutlookThe

global

Semiconductors

market

is

driven

by

the

automotive,

data

storage,and

wireless

industriesMarket

drivers:

drivers

by

applications(2/2)Worldwide

Semiconductors

market

valueby

vertical

inbillionUS$Growth

contribution

pervertical

in%7%CAGR(1)1,065605%9510%13015025%5903515%50502806017025%35020%22520212030Computinganddata

storageWireless

communicationAutomotive

electronicsIndustrialelectronicsConsumer

electronicsWired

communication19

Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

McKinsey

&Company:

What’s

driving

the

semiconductor

marketin

2022The

global

revenue

of

the

Consumer

Electronics

market

was

worth

US$987billion

in

2022

and

is

predicted

to

continue

growing

at

a

stable

rateMarket

drivers:

consumer

electronics

(1/2)Worldwide

revenue

of

consumerelectronicsinbillionUS$+2%(1)1,152.934.61,118.234.01,083.533.61,053.032.74.513.94.614.94.715.91,032.426.24.412.91,027.330.41,022.431.73.09.74.011.14.312.0987.228.4951.918.1177.4959.722.43.610.2919.218.93.38.02.98.8210.02.97.7206.2202.2184.7198.6190.5195.1180.7181.5178.7327.0317.5307.9308.6300.3293.0292.6269.2291.1300.6264.9560.72028541.02027521.42026500.32021498.32023486.72024504.12025475.92019473.12022446.12018443.52020TelephonyComputingTV,Radio&MultimediaGaming

EquipmentTVPeripheral

DevicesDrones20

Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

Statista

MarketInsights

2023The

average

price

of

consumer

electronics

was

US$123

in

2022

and

is

expectedto

grow

slightlyMarket

drivers:

consumer

electronics

(2/2)Worldwide

unitpriceofconsumerelectronicsinUS$700635.9391.6599.6572.26005004003002001000552.0538.0528.0385.9243.2521.5387.1517.0388.2512.7389.1508.6390.0504.6390.9380.8233.2383.0255.8384.1240.5374.9238.8264.8257.077.8249.878.9242.180.0234.381.1218.363.576.277.079.182.682.376.72018201920202021Gaming

Equipment2022Telephony202320242025Computing202620272028DronesTV,Radio&MultimediaTVPeripheral

Devices21Sources:

Statista

MarketInsights

2023In

2022,

the

gross

domestic

product

(GDP)

of

the

world

economy

reachedUS$100

trillionOverview:

GDP

(1/3)Worldwide

GDP

intrillion

US$147.0141.3134.6128.2+5%(1)122.1116.2110.5105.399.996.187.085.784.880.775.920162017201820192020202120222023202420252026202720282029203022

Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:

Statista

MarketInsights

2023By

2027,

the

total

GDP

of

the

United

States

is

expected

to

exceed

US$31

trillionOverview:

GDP

(2/3)Gross

domestic

product(GDP)

ofG7countriesinbillionUS$31,09228,76625,4645,0774,9474,6354,731Japan4,2344,0754,0163,5743,3223,0713,1332,7842,140

2,2812,4922,012

2,285Italy2,407United

StatesGermanyUnited

KingdomFranceCanada20222025202723Sources:

IMFIn

2020,

the

economic

impact

of

the

Semiconductors

marketon

the

GDP

of

theUnited

States

amounted

to

US$246.4

billionOverview:

GDP

(3/3)The

semiconductor

industry’scontribution

totheUnitedStates

GDP

in2020,

by

channel246.498.692.055.8DirectIndirectIncludedTotal24Sources:

SIA;

OxfordEconomicsMARKET

INSIGHTSMarket

methodologyMethodologyMethodologyResearch

anddata

collectionData

pre-processingModelingandforecastingQuality

assurance

andoutputFindand

combine

reliable

sourceson

the

Semiconductors

marketStandardizeinput

format,inspectmissing

data

pointsand

outliers,ensure

consistencyModeling

andforecasting

fortheSemiconductors

marketValidation,adjustments,andpublicationof

comparable

keymarket

indicatorsOurteam

ofinternational

expertsidentifiesandevaluates

availabledatasources.

These

includeannualreportsbykey

players

inthe

industry,nationalstatisticaloffices

and

internationalassociations,

as

well

astheirmediacenters

andwebsites.We

ensure

thatthe

information

used

inourmodels

iscomparable

andexpressed

instandardunits.Usinganalgorithmic

approach,outliers

areeliminated

and

missing

data

pointsareeither

estimated

(ifenough

informationisalready

available)or

furtherresearched.Theregional

and

country

level

marketrevenues

are

modeled

withthehelpoftradedata

on

semiconductor

productssourced

from

international

associations.

market

analysis.This

quality

assuranceTheforecasting

isdoneon

amarket

level

alsoincludesvalidationswhich

aredoneforsemiconductors,

usingamix

ofstandardapproaches,

e.g.,exponentialsmoothing,

and

uses

parameters

whichbest

fit

thehistorical

data.Extensive

plausibilityand

consistencychecks

ofderived

time

series

aredonetoensure

the

highlevel

of

quality

of

ourusingexternal

sources.Model

dataisfinallyaggregated

intoindicatorsfortheStatista

platform.26Sources:

Statista

MarketInsights

2023We

size

the

markets

by

using

top-down

and

bottom-up

approachesMarket

methodology:

modeling

approach

(1/2)Detailed

analysisfor

selected

countriesUnderlying

data:We

obtaindata

fortheworld’s

largest

economies

(e.g.,the

United

States,China,andGermany)

throughanin-depthanalysisofeach

market.

Toevaluate

themarkets,

we

usethelatestfinancialdatafromannualfinancialreports

ofthemarkets’

leading

companies

andindustryassociations,

macroeconomic

indicatorsfrom

international

institutionsand

statisticalbureaus,third-party

studies,andexpert

opinions.

Because

of

the

considerable

amount

ofinformation

thatisincorporated

inallmarkets

inthe

Semiconductors

industryand

alltheinterpretation

andanalysisinvolved

inthe

process,

adetailed

representation

of

thedata

sources

foreach

datapointisnotpossible.Keyplayeranalysisandmonitoring?

Company

profiles

and

key

performance

indicators

(KPIs)?

Quarterly

earning

calls/annual

reports

and

furtherinvestor

informationMarket

research?

Digitalconsumer

profiling:

the

StatistaConsumer

InsightsGlobal

survey?

Exclusive

representative

ad-hocsurveys

inselected

countries

andterritories

onspecificcurrent

topicsMacroeconomic

indicatorsModeling

is

carried

outthroughtheimplementation

of

atop-down

approachforeach

market.

Tocalculatethe

global

market

sizeof

every

market,

we

analyzecompanies’

financialreports

and

check

macroeconomic

developments

thatdrivethe

global

market.

Ininstanceswhere

revenues

are

notreported

forcertaincountries

andterritories

(asisthecaseformajor

multinationaltech

players),annual

reports

serve

asanindicationforafirstregional

splitof

the

companyrevenue.

Additionally,thekey

market

indicatorsthatinfluencethemarket

helpusestimate

themarket

sizeforeach

country

andterritory

individually.?

Indicatorsfrom

statisticaloffices

and

censusdata?

International

organizations

and

associationsStudiesandthird-party

data?

Market

analysesandanalystopinions?

Industryanalyses?

Academic

studies27Sources:

Statista

MarketInsights

2023Our

market

growth

forecasting

is

based

onthree

different

techniquesMarket

methodology:

modeling

approach

(2/2)Tocreate

forecasts

forup

tofiveyears,

we

combine

economic

developments

andtrend

scoutingwith

statisticalandmathematical

forecasting

techniques.

Everymarket

ismodeled

differently

asitistailored

to

therespective

industry,which

alsoaffects

the

forecasting

method

foreach

market.Amarket

growth

forecast

isgenerated

withthehelpof

ourtool,

which

combineshistorical

market

datawithpredictions

regarding

the

development

ofkey

marketdrivers

bycreating

themost

suitablecurve

forthe

market.

TheS-curve

represents

aspecial

case

ofthelogisticfunctionandiswell

suited

to

make

forecasts

regardingelectronic

anddigitalhardware

devices

duetothe

non-linear

growth

oftechnologyadopti