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.
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