Worldwide OEM electronics sales are expected to fall nearly 2% this year
Updates included are the following:
- Electronics & Macroeconomy Forecast – V22.10
- Diffusion Rates and Historical Ratios and Utilization – V22.10
Worldwide OEM electronics sales are expected to fall nearly 2% this year, down from our previous forecast of 6% as soaring inflation dampens demand and geopolitical concerns mount. Personal tools are getting hit hard by inflation resulting in waning demand. They are on track to decrease more than 8% this year.
On the positive side, IT Infrastructure will continue to grow in 2022. The rapid expansion in the cloud from Cloud Service Providers (CSPs) has been a huge driver for server demand. Automotive sales are expected to surge 8% this year, driven by significant increases in the silicon content. Advancements in safety features, rising levels of autonomy, infotainment systems, coupled with an increasing share of electric vehicles, will drive a strong rise in electronics content, propelling sales higher in the coming years.
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