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IC Insights, Inc. is a leading semiconductor market research company headquartered in Scottsdale, Arizona, USA. Founded in 1997, IC Insights offers complete analysis of the integrated circuit (IC), optoelectronic, sensor/actuator, and discrete semiconductor markets with coverage including current … More » Sensor Sales Stay Strong Due to Biggest ASP Rise in Two DecadesNovember 15th, 2022 by IC Insights
Tight supplies of devices in automotive, industrial, and embedded-control applications drive up prices, causing double-digit percentage revenue growth in most sensor categories, says update report. The McClean Report celebrates its 25th anniversary and now you can enjoy it through the TechInsights Platform. As TechInsights takes over The McClean Report, you can continue receiving these research bulletins by clicking on the link below. https://www.techinsights.com/the-mcclean-report-research-bulletin Fueled by the spread of “smart” embedded controls and higher selling prices due to tight supplies in the market, semiconductor sensor sales are forecast to continue to register double-digit percentage growth in 2022 compared to last year, says IC Insights’ upcoming November 4Q22 Update of The McClean Report service. However, weakening economic conditions and high inflation rates around the world have slowed sensor unit demand in consumer electronics, personal computers, and mainstream smartphone segments since the start of summer. Tight supplies and shortages of sensors for automotive systems, industrial equipment, and other embedded-control applications have significantly increased the average selling price (ASP) of these semiconductors. IC Insights expects the 2022 ASP for total sensors will be 11% higher than in 2021, representing the largest one-year price percentage increase in more than two decades. Sales in two major sensor categories are expected to finish this year with double-digit percentage increases: +15% for acceleration/yaw sensors; and +20% for magnetic-field sensors (including electronic compass chips often found in navigation applications). Meanwhile, sales of pressure sensing devices (including microphone chips) are forecast to only grow 5% in 2022 due to constraints in automotive production and a drop off in smartphone shipments this year.
Pressure sensor sales are projected to increase to $4.8 billion this year with shipments rising just 0.4% to 8.5 billion units. Revenues in the acceleration/yaw category, which contain accelerometers and gyroscope designs for inertial sensing, are expected to reach $5.5 billion in 2022 with unit shipments rising a little less than 0.5% to 7.1 billion this year. The McClean Report’s 4Q Update also shows magnetic-field sensor sales hitting $3.3 in 2022 with unit shipments growing 1% to 12.7 billion. Nearly three quarters of annual semiconductor sensor sales are generated by products made with microelectromechanical systems (MEMS) technology. Tiny MEMS structures, in built silicon, detect and measure changes in pressure sensors, microphone chips, and acceleration/yaw sensors. MEMS-based devices now account for 54% of total sensor unit shipments worldwide. Sales of sensors containing MEMS technology are expected to grow 5% this year to a record-high $10.8 billion while shipments of these devices are projected to increase 7% to an all-time annual peak of 16.7 billion in 2022. Report Details: The 2023 McClean Report Categories: Fabless Semiconductors, Mergers & Acquisitions, Semiconductor Market Reasearch |