The semiconductor universe consists of integrated circuits (ICs) and optoelectronic, sensor, and discrete (O-S-D) components. Although often overlooked in the past, the O-S-D market segments now command more attention due to a number of high-growth product categories that have consistently outperformed ICs and several "hot" emerging technologies that have moved into volume production. Among these technologies are microelectromechanical systems (MEMS) for sensors and actuators and high-brightness light-emitting diodes (HB-LEDs) for solid-state lighting applications.
IC Insights' 2017 O-S-D Report covers all the product categories of the optoelectronics, sensors/actuators, and discretes markets, which together accounted for 19% of total semiconductor sales in 2016 compared to about 16% in 2006.
Key Findings Include:
- O-S-D's share of total semiconductor sales has been trending higher since the end of the 1990s. In 2016, O-S-D products accounted for about 18.6% of total semiconductor sales. By 2021, O-S-D sales are projected to represent 20.0% of total semiconductor sales with the rest coming from ICs.
- The O-S-D marketplace slowed its expansion in 2016, rising just 2% or about one-third of its annual average growth rate since the mid-1990s. In 2017, total combined revenues for optoelectronics, sensors/actuators, and discretes are forecast to climb 7%, which will make this the eighth year in a row for annual O-S-D sales to set record-high levels following the 2009 downturn year.
- Optoelectronics growth will continue to be driven in the next five years by CMOS image sensors for embedded cameras, automotive safety, vision-based automation, and more powerful LEDs for solid-state lighting applications. The optoelectronics market is forecast to grow 8% to a new record-high level of $36.5 billion in 2017. Sensor growth has been held in check by steep price erosion over the last four years, but strong increases in unit shipments for new automated controls and IoT applications are expected to drive sales growth through 2021. The 2017 sensor/actuator market is forecast to grow 8%. The market for discrete semiconductors grew 4% in 2016. A return to stable growth in power transistors and other devices is expected to improve this market over the next several years. The total discretes market is projected to rise 5% to $23.1 billion in 2017.
- New fast-growing applications, such as solid-state lighting, machine-vision, image recognition, smart-grid energy, IoT, and multi-sensor "fusion" in intelligent portable systems, are forecast to lift total O-S-D sales to $92.0 billion in 2021, which amounts to a CAGR of 6% through the forecast.
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