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IC Insights cuts sensor growth forecast by 50%

Posted: 08 Apr 2015 ?? ?Print Version ?Bookmark and Share

Keywords:sensor? optoelectronics? actuator? discrete?

IC Insights Inc. changed its forecast for the sensors and actuators semiconductor category during 2015 and 2016. The market research firm had more than halved the growth it projected last year.

A year ago, the firm was forecasting annual growth for the sensor and actuator market of 14, 16 and 17 per cent in 2014, 2015 and 2016, respectively. It has now reported that the market grew by 6 per cent in 2014 and has cut its forecast for 2015 and 2016 to 7 and 9 per cent, respectively. The optoelectronics semiconductor market has also been cut although only by one or two percentage points.

Nonetheless, worldwide sales of optoelectronics, sensors, actuators and discrete semiconductors regained strength in 2014 and collectively increased 9 per cent on an annual basis to reach an all-time high of $63.8 billion after rising just 1 per cent in 2012 and 2013.

IC Insights had predicted for 2014 that the optoelectronic semiconductor market would rise by 9 per cent, the sensors and actuators market by 14 per cent and the discretes market by 6 per cent. It now says that growth in optoelectronics was 8 per cent but sensors and actuators only achieved 6 per cent (not 14 per cent) and the discrete semis turned in 11 per cent growth (versus 6 per cent forecast). No reasoning was given to explain its rendition of underperformance by the MEMS and image sensors sector or overperformance in the sale of discretes in 2014.

Forecast trimmed

Forecast trimmed for OSD segments in 2015 and 2016. (Source: IC Insights)

Optoelectronics sales are now forecast to rise 10 per cent in 2015 to $34.8 billion (compared with a previous forecast of 12 per cent). Sales of sensors and actuators are also expected to strengthen in 2015, rising 7 per cent to $9.9 billion (compared with a growth of 16 per cent predicted a year ago). The discretes market is forecast to see grow 5 per cent in 2015 to stand at annual market size of $24.2 billion (compared with a predicted 8 per cent).

In 2014, combined sales of OSD accounted for 18 per cent of the semiconductor industry's $354.9 billion in total revenues compared to 16 per cent in 2004 and 13 per cent in 1994, IC Insights said. Optoelectronics was 9 per cent of the 2014 sales total with sensors/actuators being 3 per cent, discretes at 6 per cent and ICs accounting for 82 per cent, or $290.8 billion, last year.

IC Insights now forecasts a compound annual growth rate for combined OSD sales of 6.9 per cent between 2014 and 2019 compared to a comparable CAGR for ICs of 5.5 per cent.

- Peter Clarke
??EE Times Europe

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