The Global Market for Industrial Semiconductors is Projected to Reach US$60 Billion by 2022

Growing Role of Electronics in Designing Intelligent Industrial Automation Solutions Drives Demand for Industrial Semiconductors, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Industrial Semiconductors market. The global market for Industrial Semiconductors is projected to reach US$60 billion by 2022, driven by the growing trend towards digital manufacturing, robust investments in industrial automation technologies and the growing role played by electronics in developing intelligent automation solutions.

Semiconductors form an indispensable part of electronics used in various industrial applications. Demand for semiconductors is shaped by continuously evolving technologies and industry needs. The shift towards miniaturization, digitalization and high-speed processing and computing is stepping up the popularity of semiconductors across all industrial sectors. Industrial semiconductors market is especially benefiting from rising importance of automation in the industrial sector. Automation technologies require a high degree of precision, flexibility and control hence benefiting demand for microprocessors, memory chips, microcontrollers, high-voltage chips and image sensors. The growing adoption of smart factories as part of the larger Industrial Internet of Things (IIoT) trend is helping expand the role of process control equipment, industrial robots, wireless sensor technologies/networks, thus driving growth in the industrial semiconductors market. The widespread use of interconnected, internetworked and intelligent devices is spurring demand for robust performance packed semiconductor products. Other process technologies such as machine to machine (M2M) communication, IP enablement of industrial machinery, and industrial robotics are driving the deployment of semiconductor chips technology for development of field-area intelligent devices with computational ability.

Building and home automation represents a lucrative business area for semiconductor manufacturers, given the volume of components required for large building automation projects. Rapid adoption of automated commercial building environments and growing requirements for real-time real-control applications is driving the demand for powerful and embedded microcontrollers integrated with flash memory. The market is also poised to benefit from the growing role and functionality of electronics in the healthcare sector. Electronic platforms are increasingly being used in medical devices, and remote monitoring and wireless communication in healthcare environments. The growing demand for portability and compact designs is driving the need for semiconductor components. Increasing use of wearables is pushing the demand for low power consumption SoC designs with multiple embedded cores, integrated wireless connectivity and embedded GPU in a single package.

As stated by the new market research report on Industrial Semiconductors, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market, with a CAGR of 7.8% over the analysis period, led by growing investments in the modernization and digitalization of the region’s massive industrial/manufacturing base. In addition to rapid adoption of industrial automation, other factors driving growth include robust semiconductor manufacturing activity in Southeast Asian countries, positive economic cues and rising GDPs in several Asian economies and favorable policy amendments encouraging private investments in manufacturing and industrial sectors.

Major players covered in the report include ABB Ltd., Analog Devices Inc., Atmel Corporation, e2v Inc., Fuji Electric Co., Ltd., Infineon Technologies AG, Intel Corporation, Linear Technology Corporation, Maxim Integrated Products Inc., Micron Technology Inc., Microsemi Corporation, Nichia Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, Panasonic Semiconductor Solutions Co., Ltd., Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Inc., Toshiba Corporation, and Xilinx Inc. among others.

The research report titled “Industrial Semiconductors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Industrial Semiconductors in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World. The report also analyzes Industrial Semiconductors market by Application – Building & Home Automation, Industrial Automation, Medical Devices, Aerospace, and Others (Power & Energy, Power Tools, Transportation, and Video Surveillance among Others) at the global level.

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