© IC Insights Analysis | January 07, 2022
2022 Semi sales to grow 11% after surging 25% in 2021
Above average increases are expected in all major product categories, which will lift the global market to record-high revenues in 2022 despite growth rates easing from last year’s economic rebound, says report.
Total semiconductor sales in 2022 are forecast to grow 11% and reach a record-high USD 680.6 billion after worldwide revenues climbed 25% in the 2021 economic rebound from the 2020 outbreak of the Covid-19 virus crisis, according to IC Insights. The market research company says that the total semiconductor market growing at a low double-digit rate in 2022. Sales growth is expected to slow, but remain above average, in all major semiconductor product categories. Worldwide integrated circuit revenues are expected to rise 11% in 2022 to an all-time high of USD 565.1 billion and the rest of the semiconductor market—consisting of optoelectronics, sensors/actuators, and discretes (collectively, O-S-D devices)—is also projected to grow 11% this year to a record-high USD 115.5 billion, based on IC Insights’ forecast in the January Semiconductor Industry Flash Report, included with The McClean Report service. In the 2021 economic turnaround, unit shipments of many widely used semiconductor products could not keep up with increasing demand from system and equipment manufacturers—including carmakers—that struggled to keep up with recoveries in their own markets. Unit purchases of ICs climbed 22% while shipments of O-S-D devices increased 20%, according to The McClean Report service’s January Semiconductor Industry Flash Report. Those are amazing gains considering that over the past 10 years, IC shipments have increased by a compound average growth rate (CAGR) of 7.4% and O-S-D units have increased by a CAGR of 4.7%. The new McClean Report 2022 forecasts that more than 1.3 trillion semiconductor devices—about 432.0 billion ICs and 889.3 billion O-S-D devices—are expected to ship in 2022, an increase of 10% for both segments.