With the 'closing out' of the final, overall sales result for 2012 by the WSTS, the Cowan LRA model for forecasting global semiconductor sales has been updated to include the full complement of 2012's monthly sales numbers, thereby incorporating 29 years of historical, global semiconductor (actual) sales numbers as gathered, tracked and published each month by the World Semiconductor Trade Statistics (WSTS) organization.
The necessary mathematical computations required to update the complete set of linear regression parameters embedded in the Cowan LRA forecasting model have been carried out. The newly derived set of linear regression parameters reflect 29 years (1984 to 2012) of historical global semiconductor sales numbers as a basis of predicting future quarterly and full year sales and sale growth forecast expectations by exercising the Cowan LRA model.
Therefore, the table given here summarizes the model’s latest 2013 sales and sales growth expectations as a function of the model’s range (low, expected and high) for January 2013′s sales forecast estimates as generated by the newly, updated model’s linear regression parameters.
It is estimated that in 2013, the global semiconductor industry is likely to reach $302.022 billion, a growth of 3.6 percent.
Note that next month's forecast will be based on January 2013's actual sales number, which is anticipated to be released by the WSTS at the end of the first week in March. Once posted, the model will be rerun to yield the quarterly and full year sales, and sales growth expectations for 2013, respectively.