Industrial semiconductor market growing at 8% per year
9 February 2005
News
The industrial electronics market has regained momentum of late, primarily driven by disappointing performance in the higher volume markets in the not so recent past. And no wonder. This is not a small market by any means, reaching nearly $14,5 bn this past year, according to research group Databeans.
Although the industrial electronics market is diverse, including end equipment such as test and measurement electronics, medical equipment, controls, automation equipment, military electronics, and aerospace, industrial applications commonly involve signal acquisition, conditioning, and processing, providing a market of opportunities for products like sensors, analog ICs, digital signal processors, and microcontrollers.
After completing a recent study involving over 40 major industrial OEMs, Databeans estimates that industrial semiconductor revenue is growing at a compound annual growth rate of 8% each year, while units are growing even faster at 10% each year. Visibly, the content of semiconductors in the bill of materials is expanding in this segment. Strong application markets include medical imaging, implantable medical devices, wireless utility meter reading, and test equipment.
The study found that the highest growth was attributed to sensors, followed by digital signal processors, optoelectronics, analog and microcontrollers. Competition is strong in this segment. Leading suppliers include Texas Instruments, STMicroelectronics, Philips Semiconductors, Freescale, and Infineon Technologies.
www.databeans.net
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