Lagging optoelectronics to bounce back, says IC Insights

Market news |
By Peter Clarke

Shortages and higher prices have driven the market for optoelectronic, sensor, actuator and discrete semiconductors (OSD) up 18.0 percent in 2021, according to IC Insights. A 10.8 percent growth year is set to follow in 2022, according to the market researcher.

Optoelectronics lagged the other two sectors in growth in 2021 because CMOS image sensor sales were muted by US-China disputes. The CMOS image sensor, which makes up a large part of optoelectronics, only increased 6 percent in 2021, IC Insights said.

Worldwide sales of optoelectronics, sensors and actuators, and discrete semiconductors (O-S-D) grew to $104.2 billion in 2021 compared to $88.3 billion in 2020. In 2020 combined sales in the three markets increased by less than 3 percent as the virus first took hold.

Global market for optoelectronic, sensors/actuators, discretes 2019 to 2022F (dollar billions). Source: IC Insights

O-S-D sales accounted for 17 percent of the world’s $613.9 billion total semiconductor market in 2021, the rest being ICs.

Fueled by purchases of power transistors, diodes, and many commodity devices, total discrete semiconductor sales surged 27 percent in 2021 to $35.2 billion.  Meanwhile, revenues climbed 26 percent in 2021 for sensors. These sensors include pressure and microphone chips, accelerometers and gyroscope devices, magnetic-field sensors and compasses, and temperature sensors. The actuator market jumped by 31 percent. The total sensor/actuator market grew 28% in 2021 to a record-high $21.1 billion, according to data in the recently released report.

IC Insights now forecasts that total O-S-D sales will increase 10.8 percent in 2022 to $115.5 billion with optoelectronics rising 13 percent to $54.2 billion, sensors/actuators expanding 15 percent to $24.3 billion, and the discretes segment easing back to more normal growth of 5 percent to $37.1 billion this year.

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