IC shipments expected to reach nearly 430 billion in 2022
What just happened? Integrated circuit (IC) shipments are expected to reach a record 427.7 billion this year according to the latest forecast from IC Insights. The semiconductor market researcher estimates that shipments will increase by 9.2% this year. That’s less than the massive 22% increase seen in 2021 during the economic recovery, which was the largest gain since the boom year of 2010, but still impressive in itself.
If the estimate were to materialize, there would be nearly five times as many ICs as shipped in 2000 and nearly 44 times as many as shipped in 1980. Viewed in this light, the data truly illustrates how many Today’s products depend on integrated circuits and how integral they are to modern society.
IC Insights notes that 2019 was the last time there was a decline in IC shipments and only the fifth time in market history with a year-over-year decline. In fact, there have never been two consecutive years of declining shipments.
The World Semiconductor Trade Statistics (WSTS) organization recognizes 33 major IC product categories. Among them, only three – SRAM, DSP and gate array – are expected to experience lower unit shipments. A dozen of the remaining 30 segments are expected to reach or grow more than the average growth rate of 9.2% for the industry as a whole.