Global semiconductor sales growth is expected to slow in 2022 and fall 2.5% next year, driven by weaker sales of mobile phones and PCs, analyst firm Gartner said. Rising inflation and rising energy and fuel costs are putting pressure on consumers’ disposable income, affecting spending on electronics such as PCs and smartphones, Gartner said.
Gartner expects global semiconductor revenue to grow 7.4% in 2022 to $ 639.2 billion, down from the previous growth rate of 13.6% and last year’s growth rate of 26.3%. In addition, Gartner said global semiconductor revenue will shrink to $623.1 billion next year.
“It’s likely to be a lot worse than that, but it could bottom out next year and then start to recover in 2024,” Gartner vice president Richard Gordon said in an interview.