06 Apr 2021 -
 General

IC Insights: Optoelectronics, sensors/actuators, and discretes gain momentum

Total sales of optoelectronics, sensors/actuators, and discrete semiconductors (O-S-D) will increase by 13% to USD 99.4 billion, predicts a new IC Insights report.

The combined sales of optoelectronics, sensors/actuators, and discretes grew 3% in 2020 to a record-high $88.3 billion despite the worst global recession in 74 years and the spread of the Covid-19 virus crisis. After the economic-recovery rebound in 2021, total O-S-D sales are expected to rise 10% in 2022 to $109.1 billion and increase by a compound annual growth rate (CAGR) of 8.5% between 2020 and 2025, reaching $132.6 billion in five years.

IC Insights stated that, with highly effective vaccines being administered in more countries this year, a substantial economic rebound is anticipated by the second half of 2021, which will drive up systems sales and strengthen overall semiconductor growth. IC Insights’ new O-S-D Report forecasts a 14% rebound in the optoelectronics market, lifting sales to a new record high of $50.1 billion. Sensors/actuator sales are expected to strengthen in 2021, rising 16% and reaching a 12th consecutive record-high level of $19.1 billion. On the strength of power transistors, the discretes market is forecast to grow by a strong 9% increase in 2021 to an all-time high of $30.2 billion.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

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For more help with looking at supply chain options, contact Astute Electronics here

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