The value of semiconductor content in electronic systems reached 33.2% last year, surpassing the previous record high set in 2018, says new 2022 report.
Historically, the driving force behind the higher average annual growth rate of the semiconductor industry as compared to the electronic systems market is the increasing value or content of semiconductors used in electronic systems (Figure 1). With global unit shipment growth rates of cellphones, automobiles, and PCs showing maturity and slowing over the past 10 years, the disparity between the 3.5% 2011-2021 CAGR registered in the electronic systems market and 6.5% 2011-2021 CAGR displayed by the semiconductor market is directly due to the increasing content/value of semiconductors in electronic systems, according to the January Semiconductor Industry Flash Report that IC Insights will release this week as part of its 2022 McClean Report service.
Figure 1
