The market for analog semiconductors is set for 12 percent annual growth in 2022 following a 30 percent surge in 2021, according to IC Insights.

The analyst states the market for analog semiconductors was worth $74.13 billion in 2021 and expects it to climb to $83.21 billion in 2022. Unit shipments are expected to increase 11 percent to 238.7 billion. The average selling price of analog ICs is projected to grow 1 percent in 2022.

Analog market history and forecast 2019 to 2022. Source: IC Insights.

In 2021 the combination of strong demand and well-documented supply-chain disruptions contributed to a 6 percent increase in the average selling price for analog ICs in 2021. That was the first time the ASP of analog semiconductors had increased since 2004.

IC Insights breaks down the general-purpose analog and application-specific analog market categories in the table below. Sales in all the categories are expected to increase, ranging from 7 percent growth in the amplifiers and comparators segment to 17 percent growth for automotive application-specific analog ICs.

Analog IC sales forecast by category for 2022. Source: IC Insights.

Growing shipments of 5G cellphone handsets and the infrastructure to support them are one of the key reasons that the communications segment is forecast to account for the largest portion of analog IC sales in 2022. Wireless communication applications are expected to represent 91 percent of sales within the communication analog segment this year with wired communications applications accounting for 9 percent.

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