Page 29 - february_012822.indd
P. 29
TAP TIMES -29- FEBRUARY 2022
Forecast: IC Sales Seen Growing how the world went about life. Individu-
by Double-Digits for Third Year als, businesses, educators, and govern-
ments turned increasingly to digital-based
SCOTTSDALE, Arizona —IC Insights in its operations, providing the catalyst for a
January Flash Report forecasts that the IC strong upturn in IC sales in the second
market will rise 11% this year following a half of 2020 and into 2021.
strong 26% increase in 2021 and a 13%
jump in 2020 (Figure). Robust demand
Robust demand, coupled with rising aver-
Three consecutive years of growth age selling prices due to widespread sup-
If achieved, it would mark the first time in ply chain disruptions, led to 26% IC mar-
25 years that the IC market has enjoyed ket growth last year.
three consecutive years of double-digit
growth. The 26% surge in 2021 was tied with 1979
for the 8th-largest annual increase in IC
The previous time such an increase oc- sales dating back to 1978. The industry
curred was the four-year period from experienced a 28% increase in 1980 and
1992-1995. Figure 1 highlights years when 2004, and increased 33% in both 1994
IC market growth exceeded 25%. and 2010.
The IC Industry remains very resilient. It New record high this year
endured a steep decline of -15% in 2019 Looking ahead, worldwide IC sales are
and then struggled through profound projected to increase 11% in this year to
economic uncertainties in the first half of a new record high of $565.1 billion after
2020 due to the global Covid-19 pandem- topping the half-trillion dollar plateau for
ic. the first time in 2021 to reach $509.8 bil-
lion.
The pandemic led to a transformation in icinsights.com
Reach
Industry
Buyers
with
your
Ad
in
TAP TIMES!
Contact
roniscoff@
gmail for
a ratecard.
