The global semiconductor market will grow 27 percent to $290 billion in 2010, boosted by strong recovery in PC and cellphone sales, research firm Gartner said on Thursday, raising its earlier 20 percent forecast.

"Sequential semiconductor growth has been very strong over the last five quarters, well above seasonal norms, and manufacturing capacity is tight," Bryan Lewis, research vice president at Gartner, said in a statement.

"Chip revenue growth is clearly outpacing system revenue growth, and that is a concern," he said.

Gartner said it expected market growth to slow somewhat in the second half of the year, saying it saw "a minor correction to realign semiconductor sales with electronic system sales."

Intel, Samsung Electronics and Toshiba are the world's largest semiconductor firms, ahead of Texas Instruments, STMicro and Qualcomm.