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TAP TIMES -30- NOVEMBER 2022
Power transistor sales, when revenues are forecast to drop 2%
ASPs are on the rise to $24.0 billion as a result of a slowdown
in global economic growth next year and
a 4% drop in the average selling price of
SCOTTSDALE, Arizona — Power tran- devices.
sistor sales are on pace to grow 11%
in 2022 and are expected to reach a Another growth cycle in 2024
sixth-straight record high level, total- The figure shows the power transis-
ing $24.5 billion this year tor market is expected to begin another
growth cycle in 2024, with annual sales
Highest ASP increase steadily increasing through 2026 and hit-
IC Insights tagged the increases growth ting $28.9 billion, which represents a
primarily because of the highest increase compound annual growth rate (CAGR) of
n the average selling price (ASP) for prod- 5.5%, based on the 3Q22 Update outlook.
ucts in this large discrete semiconductor
segment in more than a decade. Power transistor prices have moved higher
since 2021 when many system manufac-
The ASP for power transistors is expected turers began ramping up production after
to rise 11% in 2022 after increasing 8% in the outbreak of the Covid-19 virus pan-
2021, according to the third-quarter up- demic and emergency lockdowns world-
date of The McClean Report service. wide in 2020.
Last year, power transistor sales climbed Tight supplies
26% due to a 13% increase in unit ship- Tight supplies and shortages of power
ments and bottlenecks in the expansion of transistors and other widely used semicon-
production capacity that drove up the ASP. ductors have kept ASPs high in a number
of manufacturing industrial sectors—espe-
The string of record-high sales for power cially in automotive and industrial equip-
transistors is projected to end in 2023 ment—despite
recent slow-
downs in eco-
nomic growth,
belt tightening
by consumers
and companies in
response to high
inflation, and ris-
ing interest rates
initiated by the
U.S. Federal Re-
serve to initiated
by the U.S. Fed-
eral Reserve to
combat the risk
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