Weakness in the PC and smartphone markets ar being referenced by semiconductor companies as major factors in expected 3Q22 revenue drops. Smartphone unit shipments are expected to decline 7 percent in 2022 after 6 percent growth in 2021. The smartphone market will grow 5 percent in 2023, Semiconductor Insights said referencing data from IDC.
Semiconductor market forecasts from multiple analysts. Source: Semiconductor Intelligence.
On the PC front there was 15 percent growth in 2021 as a result of the Covid-19 pandemic and IDC forecasts declines of 13 and 3 percent for 2022 and 2023, respectively.
Semiconductor Intelligence also takes into consideration global GDP growth and predicts a 3-percentage point deceleration in GDP growth will result in a 16-point deceleration in semiconductor market growth. Semiconductor Intelligence forecasts 5 percent growth in 2022, just below Future Horizons’ forecast of 6 percent growth.
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