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Global semiconductor sales to reach $676 bn this year: Gartner
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IANS | 26 Apr, 2022
Global semiconductor revenue is projected to total $676 billion in 2022,
an increase of 13.6 per cent from 2021, a Gartner report said on
Tuesday.
Semiconductor revenue for smartphones is
forecast to increase 15.2 per cent in 2022, as 5G smartphone unit
production is expected to grow by 45.3 per cent in 2022, reaching 808
million units and representing 55 per cent of all smartphones produced.
The
semiconductor average selling price (ASP) hike from the chip shortage
continues to be a key driver for growth in the global semiconductor
market in 2022, said the report.
"But overall semiconductor
component supply constraints are expected to gradually ease through 2022
and prices will stabilize with the improving inventory situation," said
Alan Priestley, research vice president at Gartner.
Automotive
applications will continue to experience component supply constraints -
particularly in microcontrollers (MCUs), power management integrated
circuits (PMICs) and voltage regulators - extending into 2023.
Slowing
growth in PCs, smartphones and server end markets is expected to
gradually slow down the growth of semiconductor revenue as semiconductor
supply and demand gradually comes into balance during 2022, the report
noted.
The chip shortage will continue to be a concern for the
supply chain of electronics equipment in 2022 and will have different
effects in major electronic equipment markets depending on different
semiconductor device types.
Most semiconductor shortages eased
in PCs and smartphones as production moved into the off season combined
with increased semiconductor supply into the market.
However, some semiconductor device types will continue to be in shortage in the automotive supply chain through late 2022.
"Although
unit production of automotive vehicles will grow below expectation at
12.5 per cent in 2022, semiconductor device ASPs are expected to remain
high due to continued tight supply driving the automotive semiconductor
market to double-digit growth (19 per cent) in 2022," said Priestley.
The
memory market will remain the largest semiconductor device market and
is projected to account for 31.4 per cent of the overall semiconductor
market in 2022.
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