IC Insights has scaled back its total semiconductor sales forecast for system functions related to the IoT in 2020 by about US$920 million, mostly because of lower revenue projections for connected cities applications, such as smart electric meters and infrastructure supported by government budgets.

IC Insights’ forecast still shows total 2017 sales of IoT semiconductors rising about 16.2% to US$21.3 billion, with final revenues in 2016 slightly lowered to US$18.3 billion from the previous estimate of US$18.4 billion. However, the expected CAGR between 2015 and 2020 has been reduced to 14.9%, versus the CAGR of 15.6% in IC Insights’ original projection from December 2016. Total semiconductor sales for IoT system functions are now expected to reach US$31.1 billion in 2020 versus the previous projection of US$32.0 billion in the final year of the forecast.


source: insemicon.com

IC Insights cuts long-term IoT semiconductor forecast

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