Despite a slowdown, combined revenues for optoelectronics, sensors/actuators, and discrete semiconductors are expected to barely set a 10th consecutive record high in 2019, followed by gradual strengthening in 2020 and 2021, says new updated forecast.
With the global economy slowing and the fallout from the U.S.-China trade war causing systems makers to draw down factory inventories, combined sales of optoelectronics, sensors and actuators, and discrete semiconductors (O-S-D) are on pace to grow just 1% in 2019 to $83.5 billion after rising 9% in 2018 and 11% in 2017, according to IC Insights’ update of the O-S-D marketplace. IC Insights believes O-S-D products will account for about 19% of total worldwide semiconductor sales in 2019 with integrated circuits representing 81% of the entire chip market this year.
Despite weakening conditions in 2019, the diverse O-S-D group—with products that are not part of the much larger IC market—is expected to set a 10th consecutive record-high level in combined annual sales this year. The market update shows a half-dozen O-S-D product categories reaching all-time high sales in 2019 (Figure 1). In addition, record-high sales are expected in sensor and actuator products made with microelectromechanical systems (MEMS) technology and in total sensors this year.
IC Insights believes sales growth in all three O-S-D market segments will gradually increase in 2020 and 2021 partly because of modest improvements in the global economy and demand for new systems capabilities, such as face recognition, three-dimensional imaging and machine vision, more sensors for automated controls and embedded artificial intelligence (AI), fifth-generation (5G) cellular services, the spread of self-driving features in cars, and the ongoing electrification of automobiles, including hybrid gas/electric vehicles and all-electric models.
Report Details: The 2019 O-S-D Report
In a one-of-a-kind study, IC Insights continues to expand its coverage of the semiconductor industry with detailed analysis of trends and growth rates in the optoelectronics, sensors/actuators, and discretes market segments in its newly revised 350-page O-S-D Report—A Market Analysis and Forecast for the Optoelectronics, Sensors/Actuators, and Discretes.
Now in its 14th annual edition, the 2019 O-S-D Report contains a detailed forecast of sales, unit shipments, and selling prices for more than 30 individual product types and categories through 2023. Also included is a review of technology trends for each of the segments. The 2019 O-S-D Report, with more than 240 charts and figures, is attractively priced at $4,190 for an individual-user license and $7,290 for a multi-user corporate license.