NAND flash memory and DRAM market are predicted to be the major drivers for growth of the semiconductor industry for the period between 2011-2016
USA: According to the information revealed in IC Insights' Mid-Year Update to the 2012 McClean Report, the 
semiconductor industry is expected to grow significantly in the next five years. Segments like the DRAM market, NAND flash memory market and the microprocessors market are seen as the major growth drivers for the global semiconductor industry.
Average annual growth for the NAND flash memory market from 2011-2016 is being predicted to remain strong. Among all the product segments, NAND flash is forecast to have the highest average annual growth rate, increasing increasing 16.6 per cent annually.
Along with the NAND flash memory market, the DRAM market is estimated to grow 9.6 per cent annually through 2016. These two segments are predicted to be the major drivers for growth of the semiconductor industry for the period between 2011-2016.
Apart from these two segments, microprocessors and analog market are expecting a modest annual growth. The total market growth for optoelectronics, sensors, and discrete (OSD) devices are seen as potential performers in the IC market by averaging 10.6 per cent annual growth compared to 7.4 per cent for ICs.
