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.
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