Optoelectronic circuits, sensors to see record sales

Optoelectronic circuits, sensors to see record sales

Market news |
By Rich Pell

Five sales records were achieved in optoelectronics and four in the sensors/actuators market. This compares with seven in 2014 and six in 2013 from the same area, the market researcher said.

Ten new sales records are expected to be set in the O-S-D marketplace in 2016.  All the products shown in the are forecast to increase in 2016, which will lift them again to record-high levels. In addition, a sales record is expected for magnetic-field sensors, which include electronic compass chips used in smartphones and other portable systems for navigation and location-identification applications.

Sales of MEMS-based semiconductors are forecast to rise 4.4 percent  in 2016 to reach $8.8 billion, following a 5.1 percent rise in 2015.

Combined O-S-D revenues increased 3.4 percent in 2015 to a record-high $66.6 billion and accounted for 18.8 percent of the semiconductor industry’s $353.7 billion total sales in 2015, compared to 15.3 percent in 2005 and 12.7 percent in 1995.  Modest improvements in the global economy, steady increases in electronics production, and new end-use applications – such as wearable systems and widespread connections to the Internet of Things (IoT) – are forecast to lift all three O-S-D markets in the next five years – with optoelectronics growing by a CAGR of 8.3 percent, sensors/actuators rising by an annual rate of 5.6 percent, and discretes increasing by an average of 3.5 percent per year over the 2015-2020 period.

Related articles:

IC Insights halves sensor growth forecast

Sensors, actuators market on 11% CAGR to 2018 

MEMS, magnetics set to lead sensor market rebound

CMOS image sensor market on 10.6% CAGR

Yole: MEMS in mobile market on 14% CAGR

Sensors for wearable electronics on 40% CAGR

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