Growth of OSD component markets to ease in 2018
Broken down into sectors optoelectronics sales are expected to grow 8 percent, sensors/actuators to rise 10 percent, and discretes growing 5 percent. This comes after the market hit a record high in 2017 with growth of 11 percent – the strongest growth rate since 2010 – to $75.3 billion.
OSD market growth to ease in 2018. Source: IC Insights
In 2017, optoelectronics sales recovered from a rare decline of 4 percent in 2016, to rise 9 percent to $36.9 billion. The sensors/actuators market segment registered its second year in a row of 16 percent growth with revenues climbing to $13.8 billion, and discretes strengthened significantly, increasing 12 percent to $24.6 billion.
Between 2017 and 2022, sales in optoelectronics are projected to increase by a compound annual growth rate (CAGR) of 7.3 percent to $52.4 billion, while sensors/actuators revenues are expected to expand by a CAGR of 8.9 percent to $21.2 billion, and the discretes segment is seen as rising by an annual rate of 3.1 percent to $28.7 billion in the final year of the report’s forecast.
In the five-year forecast period, O-S-D growth will be driven by strong demand for laser transmitters in optical networks and CMOS image sensors in embedded cameras, image recognition, machine vision, and automotive applications as well as the proliferation of other sensors and actuators in intelligent control systems and connections to the Internet of Things (IoT). Power discretes (transistors and other devices) are expected to get a steady lift from the growth in mobile and battery-operated systems as well as good-to-modest global economic growth in most of the forecast years through 2022.
Next: Comparison to global semiconductor market
Combined sales of O-S-D products accounted for about 17 percent of the world’s $444.7 billion in total semiconductor sales compared to less than 15 percent in 2007 and under 13 percent in 1997.
IC Insights also reports that sales of sensor and actuator products made with MEMS technology grew 18 percent in 2017 to a record-high $11.5 billion.
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