Those three sectors will enjoy annual growth of 31, 28 and 21 percent respectively, Databeans predicts. At the other end of the spectrum other memory (7 percent) microprocessors (9 percent) and general logic chips (9 percent) will perform below average.

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All segments are expected to experience growth, even automotive and industrial, with revenue climbing up to 12 percent and 8 percent respectively in those areas. Wireless markets will experience the highest growth rates, with a 19 percent overall increase from $48 billion to $57 billion this year. The consumer segment is also expected to outperform, with an increase of 17 percent for this year.

While some in the market remain cautious, due to other indications that are signaling moderate recovery at best for the overall economy; the momentum coming into the first quarter is not expected to dissolve, due to overstocking, or even shortages, which would price products out of reach for consumers.

Databeans is predicting that the market will show steady progress in 2011 and 2012, with growth of 13 percent to $290.5 billion in 2011 and of 5.8 percent to $307 billion in 2012. The market should display a CAGR of 10 percent over the period 2010 to 2015, the market researcher said.

The best performing technology sectors over that period are set to be flash memory with a CAGR of 16 percent, optoelectronics (13 percent) and sensors (11 percent).