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Above average increases in semiconductor sales 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, according to IC Insights. The market researcher forecasts the total semiconductor sales (including OSD devices) in 2022 to grow 11 percent and reach a record-high 680.6 billion dollars after worldwide revenues climbed 25 percent in the 2021 economic rebound from the 2020 outbreak of the Covid-19 crisis. Revenues from integrated circuits alone are expected to rise 11 percent to reach an all-time high of 565.1 billion dollars.
In the 2021 economic turnaround, unit shipments of many widely used semiconductor products couldn’t 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 percent while shipments of OSD devices increased 20 percent. Those are strong gains considering that over the past 10 years, IC shipments have increased by a compound average growth rate (CAGR) of 7.4 percent and OSD units have increased by a CAGR of 4.7 percent.
IC Insights’ soon-to-be-released report forecasts that more than 1.3 trillion semiconductor devices – about 432.0 billion ICs and 889.3 billion OSD devices – are expected to ship in 2022, an increase of 10 percent for both segments.