Sensor sales finally catch fire

IC sensor revenue grew 14 percent in 2016.

May 25, 2017

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IC sensor revenue grew 14 percent in 2016.

Source: IC Insights via EE Times

Sales of semiconductor sensors set a new all-time high in 2016, thanks to the growth of embedded control, wearable electronics and Internet of Things or IoT devices, according to IC Insights Inc.

Several of the largest product categories in the segment—including acceleration/yaw and magnetic-field sensors and actuator devices—finally broke through to achieve double-digit sales increases in 2016, after years of intense pricing pressure and lackluster unit volumes, according to the market research firm's report.

Sales of IC sensors rose 14 percent last year, reaching a record high of $7.3 billion, according to the report. Meanwhile, that of actuators increased by 19 percent to $4.5 billion, IC Insights said.

IC Insights sees more growth ahead, forecasting that sensor sales will climb at a CAGR of 7.5 percent for the next few years and hit $10.5 billion in 2021. Actuators are projected to expand at an 8.4 percent CAGR over the same period, reaching $6.8 billion.

To read the full article, go to EETimes.

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