(JW Insights) Feb 4 -- Global semiconductor industry sales totaled $573.5 billion in 2022, the highest-ever annual total and an increase of 3.2% compared to the 2021 total of $555.9 billion. China remained the largest individual semiconductor market, with sales totaling $180.3 billion in 2022, a decrease of 6.3% compared to 2021, announced the Semiconductor Industry Association (SIA) on February 3.
On a regional basis, sales into the Americas market saw the largest increase (16.0%) in 2022. Annual sales also increased in 2022 in Europe (12.7%) and Japan (10.0%), said SIA.
Sales for the month of December 2022 decreased compared to November 2022 across all regions: Europe (-0.7%), Japan (-0.8%), Asia Pacific/All Other (-3.5%), China (-5.7%), and the Americas (-6.5%).
“The global semiconductor market experienced significant ups and downs in 2022, with record-high sales early in the year followed by a cyclical downturn taking hold later in the year,” said John Neuffer, SIA president and CEO. “Despite short-term fluctuations in sales due to market cyclicality and macroeconomic conditions, the long-term outlook for the semiconductor market remains incredibly strong due to the ever-increasing role of chips in making the world smarter, more efficient, and better connected.”
Several semiconductor product segments stood out in 2022. Analog, a type of semiconductor commonly used in vehicles, consumer goods, and computers, had the highest annual growth rate of 7.5%, reaching $89 billion in 2022 sales. Logic ($176 billion in 2022 sales) and memory ($130 billion) were the largest semiconductor categories by sales. Sales of automotive ICs grew by 29.2% year-over-year to a record total of $34.1 billion, said SIA.