According to the latest release of IC Insights, the OSD market is growing faster than the industry average in 2017, and all three market segments are expected to reach record highs in six years!
According to the latest update of the 2017 OSD Market Report released by IC Insights - Market Analysis and Forecast of Optoelectronic Devices, Sensors / Actuators and Discrete Components (OSD) - this year, there are more than a dozen product categories in the OSD market. Both will set a new record high. Thanks to the expansion of the Internet of Things (IoT), the increase in the level of intelligent embedded control, and the replenishment of certain commercial discrete components, the diverse OSD market has ushered in a year of significant market size, according to IC Insights. The report updates that in 2017, OSD overall market sales will grow by 10.5% to a record $75 billion.
In 2017, in addition to the important OSD product category of lighting devices, all other product categories achieved unexpected growth. Sales of lighting devices are expected to remain flat compared to last year as the price of light-emitting diodes (LEDs) for solid-state lighting continues to decline. Based on the 2017 sales forecast, Figure 1 shows the annual growth rates of the five major OSD product categories.
This year is the first time that sales have increased at the same time in all three segments of the OSD market since 2014. In addition, according to the report update released by IC Insights, since the sales of the three sectors of the OSD market reached a record high in 2011, it is expected to reach a new high in 2017.
The financial crisis that raged between 2008 and 2009 and the resulting global economic recession caused the entire semiconductor industry to decline in 2009. This year, the overall sales of the OSD market recorded double-digit growth, the highest increase in the market after a strong recovery in 2010. According to the updated report, the revenue of the OSD market is expected to reach its ninth historical high since 2000, when the overall sales of the OSD market will reach 80.5 billion US dollars, an increase of 7.4% compared with 2017.
The optoelectronic device market has once again ushered in a recovery this year after a slight decline of 3.6% in 2016. Thanks to strong double-digit growth in sales of CMOS image sensors (+ 22%), light sensors (+ 19%), optical network laser transmitters (+ 15%) and infrared devices (+ 14%), 2017 is expected Component market sales will increase by 8.1% year-on-year to reach US$36.7 billion, a record high.
At the same time, with the expansion of the IoT market and the addition of new automation controls to various systems, such as the emergence of more autopilot functions in the car, sensor/actuator revenues are also hitting record highs. In 2017, sensor/actuator sales are expected to increase by 17.5% to $13.9 billion, the fastest growth in the market since 2010. Sales of sensors and actuators with Micro Electro Mechanical Systems (MEMS) technology are expected to achieve strong double-digit growth, up 18.5% year-on-year to a record $11.6 billion. According to the report, actuator sales increased by 20%, pressure sensors including MEMS microphone chips will increase by 18%, and acceleration/yaw sensors will increase by 17%.
Even the commoditized discrete components market has boomed in 2017, with global sales expected to grow by 10.3% to $24.1 billion, which will eventually exceed the 2011 peak of $23.4 billion. According to the latest "OSD Report", the sales of power transistors contributed more than half of the revenue, and the product category will grow by 9.0% this year, reaching a record high of $14 billion.
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