Semiconductor sales forecast to fall 5% in 2023
23 November 2022
News
Adverse conditions that stunted semiconductor sales in the second half of 2022 are expected to persist through the first half of next year. A global economy that is struggling through recession, soft demand for new enterprise and personal computers and smartphones, elevated chip inventory levels, and continued weakness in the memory IC market are expected to reduce total semiconductor sales by 5% next year. Total IC sales are forecast to decline 6%.
Following the downturn in 2023, IC Insights forecasts semiconductor sales will rebound with three years of much stronger growth. By the end of the forecast period in 2026, semiconductor sales are forecast to climb to $843,6 billion, representing a CAGR of 6,5%.
In 2022, four major semiconductor product categories (analog, logic, sensors/actuators, discretes) are forecast to post solid double-digit sales gains. The micro-components and optoelectronics segments are expected to grow by single-digit amounts. Only the highly cyclical memory market is forecast to post a whopping 17% decline. This decline, however, will have a marked effect on the overall IC and semiconductor market growth for this year.
Further reading:
From the editor's desk: The art of measuring the truth
Technews Publishing
Editor's Choice News
All electronic measurements are a lie. The trick is making the lie as small as possible.
Read more...
TSE has relocated
News
The Technology Station in Electronics (TSE) has entered a new chapter with its relocation from the CSIR campus to TUT-owned building at Ditsela Place in Hatfield.
Read more...
Innovative MyLegrand app
RS South Africa
News
Legrand SA is set to launch the MyLegrand mobile application, a digital platform designed to strengthen engagement across its professional network.
Read more...
Kulani Energy acquires critical assets from Optipower
News
Kulani Energy preserves engineering, procurement, and construction capability and positions a wholly women-owned firm at the forefront of South Africa’s grid expansion.
Read more...
From Cape Town to Johannesburg
News
Würth Elektronik South Africa has taken a significant step forward with its recent relocation from Cape Town to Johannesburg, marking a new phase of growth and ambition for the company.
Read more...
Lesley Havenga: Building partnerships for Africa’s electronics future
Editor's Choice News
As Würth Electronik expands its footprint across South Africa and the broader sub-Saharan region, Havenga’s blend of manufacturing expertise, supply chain knowledge, and people-centred leadership appears well suited to the task.
Read more...
Tackling e-waste with help from international partners
News
Every year millions of electrical and electronic devices and appliances, including mobile phones and computers, are thrown away and these items are now the fastest growing waste stream in the world.
Read more...
From the editor's desk: Pricing surge reshapes engineering reality
Technews Publishing
News
The recent and continuing surge in memory prices has become more than a supply-chain story confined to global semiconductor markets. We have watched in disbelief as the ASP of memory has risen by over
...
Read more...
Siemens democratises EDA software access
News
This collaboration will provide streamlined access to advanced electronic design automation software for European semiconductor innovation.
Read more...
Components distribution: A promising trend
News
The European electronic components market returned to solid growth in Q1, gaining 16,9%, with broad, but uneven, momentum across the region.
Read more...
printer friendly version