Development of New Generation of Industrial Robotics & Automation Solutions to Complement the Disruptive Rise of Smart Factory Concept Heightens the Dependence on Robust Semiconductors to Support the Evolving Intelligence Index

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, the indispensable components of electronics of any type and any kind, represent an indicator of real-term progress in technological developments. Role of semiconductors in today’s technology driven world is becoming highly evident, given their extensive use in wide range of applications from PCs, TVs, and electronic gadgets such as smartphones to industrial equipment, automated machinery and defense technologies. Market for industrial semiconductors gained immensely from upward momentum in core end-use markets including Building & Home Automation, Industrial Automation, Medical Devices, and Aerospace, where deployment of electronics-based modern systems grew massively over the past few years.  Further, the market also benefited from rising demand for high-quality electronic systems for use in Power Tools, Power & Energy, Video Surveillance, and Automotive/Transportation sectors. Ongoing shift towards miniaturization, digitalization and high-speed processing and computing is stepping up the popularity of semiconductors across all industrial sectors.

Future prospects for industrial semiconductors remain highly favorable, amid growing importance of process control equipment, industrial robots, machine vision technologies, and sensor-driven industrial equipment. New and next generation ‘tech’ trends such as Machine-to-Machine (M2M) communication, Industrial Internet of Things (IIoT), the ‘Smart Factory’, and Industry 4.0 are poised to create highly conducive environment.  Inclination towards these latest ‘tech’ trends typically augments the demand for industrial electronics and equipment, while creating parallel opportunities for semiconductors. Intensified demand for 3D printing technologies, LED solutions, renewable energy equipment, climate control systems, digital IP cameras, and wireless devices, is likely to add to market expansion in the coming years.

Although the prospects remain highly favorable for industrial semiconductors, certain issues and challenges continue to hamper the industry revenues. The ongoing trade war, which saw major economies implementing certain trade actions that substantially affect the electronics components sector as a whole, prevalence of unorganized players, counterfeit products and declining margins are some of the key issues that need to be addressed.

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, steered by growing investments in modernization and digitalization of production ecosystem, rapid adoption of industrial automation, and robust semiconductor manufacturing activity in Southeast Asian countries.

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

The research report titled “Industrial Semiconductors – Market Analysis, Trends and Forecasts” 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.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, 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 Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, 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 Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more