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Chip sales to rise at 7.1% CAGR five years at a more moderate compound
through 2026: IC Insights annual growth rate of 7.1% (Figure).
SCOTTSDALE, Arizona — IC Insights Healthy growth rate for O-S-D
January Flash Report forecasts total The 2021-2026 CAGR for total opto, sen-
semiconductor sales will rise 11% sor, discretes (O-S-D devices) is projected
this year following a very strong 25% to rise at a healthy rate of 8.0% and to-
increase in 2021 and an 11% increase tal IC sales are expected to increase at a
in 2020. slightly lower pace of 6.9%.
Three years of double-digit growth CAGRs among major semiconductor prod-
If achieved, it would mark the first time uct categories are forecast to range from
since 1993-1995 that the semiconduc- a high of 12.3% for sensors/actuators to
tor market has enjoyed three consecutive 3.1% for discretes.
years of double-digit growth.
The sensors/actuators market ($24.3
From 2016-2021, the compound annual billion forecast in 2022) represents the
growth rate (CAGR) for the total semicon- smallest major product segment within the
ductor market was 11.0%—a very strong semiconductor market, accounting for less
period that included a big surge in DRAM than 4% of sales.
and flash memory markets in 2017 and
2018 and strong post-Covid recovery in Increased sensor sales
2020 and 2021. However, throughout the forecast period,
sensor sales are expected to increase
However, most industry observers — in- significantly in automobiles, cellphones,
cluding IC Insights — realize that the and portable and wearable systems (e.g.,
semiconductor industry is very cyclical and smartwatches and fitness/activity track-
ongoing annual double-digit gains are un- ers).
sustainable.
In addition, more systems are using multi-
As a result, IC Insights now forecasts total ple sensors and sensor fusion software for
semiconductor sales will rise over the next multi-dimensional measurements.
The logic IC market is fore-
cast to post the strongest
CAGR among the major IC
categories.
This market has performed
very well in recent years,
with automotive—special
purpose logic and industrial—
special purpose logic devices
serving as strong drivers for
overall growth in this seg-
ment.
icinsights.com
