In 2022, Global Chip Sales Reach 573.5 Billion US Dollars, and China Will Still be The Largest Market
The COVID-19 pandemic directly leads to the disruptions to the global semiconductor supply chain and significantly impacted industries that rely heavily on chips to manufacture their goods.
According to the State of Industry Report of SIA(Semiconductor Industry Association),it said,” Following relatively strong sales of $440.4 billion in 2020, global semiconductor sales in 2021, the most recent full year of data, increased by a record 26.2 percent to $555.9 billion, due largely to demand growth spurred by the COVID-19 pandemic. Industry estimates, including from the World Semiconductor Trade Statistics (WSTS) and other semiconductor sales analyses, project worldwide semiconductor industry sales to increase significantly to between $618 - $633 billion in 2022. Other analyst projections state the industry will achieve a growth rate between 4 and 14 percent, due mainly to the continued strong demand growth in the overall market from 2020.”
(source:SIA)
From a regional perspective, the sales of the American market will increase the most in 2022, reaching 16.0%; while China is still the largest chip market, with sales of 180.3 billion US dollars, but a decrease of 6.3% compared with 2021, Europe and Japan Annual sales also increased, by 12.7% and 10.0%, respectively.
From the perspective of chip types, analog chips (chips most commonly used in automobiles, consumer goods and computers) saw the largest increase in sales, up 7.5% year-on-year to $89 billion; while logic chips and memory chips accounted for the largest sales, the world's largest Sales were $176 billion and $130 billion, respectively.
Over the next decade, further innovation in semiconductors will enable a host of transformative technologies, including artificial intelligence (AI), autonomous electric vehicles, and the internet of things (IoT). The relationship between semiconductors and the markets they serve is truly symbiotic, as innovations in semiconductors themselves help to spur further market demand and open up new markets entirely. For example, successive generations of cellular technology were made possible by advances in semiconductors themselves, leading to 5G.
End-use drivers reflect shifts from COVID-19 demand shock.
(source:SIA)
From the perspective of chip types, analog chips (chips most commonly used in automobiles, consumer goods and computers) saw the largest increase in sales, up 7.5% year-on-year to $89 billion; while logic chips and memory chips accounted for the largest sales, the world's largest Sales were $176 billion and $130 billion, respectively.
SIA CEO John Neuffer said in a statement: "Despite short-term fluctuations in sales due to market cyclicality and macroeconomic conditions, chips are increasingly playing a role in making the world smarter, more efficient and more connected. The long-term outlook for the semiconductor market remains very strong."
Take Qualcomm's financial report released this week as an example. The company's first-quarter revenue fell short of analysts' expectations and issued weak quarterly guidance. Qualcomm said that the deterioration of the macroeconomic environment and the increase in channel inventory have affected the company's performance. However, Qualcomm expects that China's recent optimization of new crown epidemic prevention measures should drive consumer demand to pick up, and the situation may be better in the next half of the year.
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