Total semiconductor sales are forecast to grow 11% and reach a record-high US$680.6 billion in 2022, after climbing 25% in 2021, according to IC Insights.

Above average increases 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, IC Insights said.

Worldwide integrated circuit revenues are expected to rise 11% to an all-time high of US$565.1 billion in 2022, and the rest of the semiconductor market - consisting of optoelectronics, sensors/actuators and discretes (O-S-D devices) - is also projected to grow 11% this year to a record-high US$115.5 billion, IC Insights indicated.

In the 2021 economic turnaround, unit shipments of many widely used semiconductor products could not 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% while shipments of O-S-D devices increased 20%, IC Insights disclosed.

More than 1.3 trillion semiconductor devices - about 432.0 billion ICs and 889.3 billion O-S-D devices - are expected to ship in 2022, an increase of 10% for both segments, according to IC Insights.

By: DocMemory
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