Paul van Gerven
19 April 2022

IC Insights forecasts worldwide IC unit shipments will increase 9.2 percent this year to a record-high number of 427.7 billion units. The 9.2 percent gain anticipated this year follows the large, 22 percent increase experienced during the economic recovery of 2021 – the most significant increase in IC unit growth since the boom year of 2010. The level of IC unit shipments in 2022 is forecast to reach five times more units than were shipped in the year 2000 and nearly 44 times more than in 1980.

IC Insights

There was a falloff in shipments in 2019, which was only the fifth time in the history of the IC market that there was a year-over-year decline in IC unit volume. The previous four years with a drop in units were 1985, 2001, 2009 and 2012. Never have there been two consecutive years with a decline in IC unit shipments.

From 2021 to 2026, IC Insights forecasts the IC unit CAGR will be 7 percent. Ignoring the 5-year CAGR time periods with abnormally high or low endpoints, the firm believes that the long-term CAGR for IC unit growth will be 7-8 percent, moderately lower than the historical 42-year rate of 9.4 percent.