Infineon, Intel, and STMicroelectronics are three key vendors highlighted in a new Technavio report
London, 16 October 2015 – Technavio has published a new report on the global semiconductor market for industrial applications, which is expected to grow at a CAGR of more than 10% from 2015-2019.
Semiconductor for industrial applications market segmentation including application, product, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including manufacturing, automation, and testing equipment, smart grid and smart city, health IT, and others.
Additionally, analysts have segmented market projections by key geography, and also by product, focusing on analog, discrete, optical ICs, MCU, sensors, logic ICs, memory, and MPU.
“The trend of miniaturized and cost-effective products has given rise to SiP. In this technology, the ICs are made thin and stacked on top of each other in 3D form. SiP technology provide benefits such as improved signal transmission times, greater system design flexibility, and reduced power,” says Faisal Ghaus, Vice President of Technavio.
Semiconductor for industrial applications: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global semiconductor market for industrial applications from 2015-2019. To calculate the market size, the report considers revenue generated by manufacturing, automation, and testing equipment applications, smart grid and smart city applications, health IT application, and other applications.
Industry analysis includes:
Key Vendors:
- Infineon
- Intel
- STMicroelectronics
- Texas Instruments
Market Growth Drivers:
- Increase in demand for digitized medical equipment
- Growing number of projects for smart grids
Market Challenges:
- Lack of standard integration process for IoT devices
- Highly competitive market
Market Trends:
- Emergence of SiP technology
- Development of integrated medical systems
View the global semiconductor market for industrial applications report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the semiconductor market:
- Global Semiconductor Market for the Automotive Sector 2015-2019
- Semiconductor Production Equipment Market in South Korea 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
