06 Jun 2022 -
 General

Semiconductor growth still at 11% despite 2022 headwinds

IC Insights continues to anticipate an 11% increase in total semiconductor sales this year – same as in January – despite climbing inflation, soaring energy costs, ongoing snarls in supply chains, and Russia’s war with Ukraine.

However, what’s different in IC Insights’ new updated forecast is how the semiconductor market achieves the low double-digit percentage growth and reaches record-high sales of $680.7 billion in 2022. The 2Q22 Update raises the sales forecast for microcomponent ICs to 11% in 2022 from 7% early this year. This increase is being driven by stronger microprocessor sales in the embedded MPU category (now up 12% versus 9%, previously) and in cellular application processors (rising 22%, which is significantly higher than 10% in the January forecast).

IC Insights’ 2Q22 Update lowers this year’s forecast for total sales volume in the non-IC semiconductor market categories—optoelectronics, sensors and actuators, and discrete semiconductors (O-S-D), which account for about 17% of total semiconductor revenue worldwide.  Total O-S-D sales are now expected to rise 9% to $113.6 billion versus the previous projection of 11% growth in 2022.  

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.

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

Related News

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more

22 Feb 2024 - General

Electronics manufacturers cautious but optimistic despite recession fears

Read more

21 Feb 2024 - General

Hidden threat: counterfeit hardware infiltrates 80% of computers

Read more

15 Feb 2024 - General

Chip rush: Global scramble for semiconductor supremacy

Read more

13 Feb 2024 - General

Foxconn faces semiconductor shortage amid ‘AI chip race’

Read more