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Industrial electronics sales set to boom, says IHS
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Revenue for semiconductors sold into industrial electronics applications reached $8.61billion during the first quarter of 2014, an increase of 0.6% over the previous quarter and 17.5% higher than Q1 2013. Given this heartening start, says market researcher IHS Technology, sales of industrial electronics semiconductors could amount to $35.42bn in 2014, an increase of 9.4% on sales in 2013.
"It's tempting to overlook the industrial portion of the overall semiconductor industry because it's a workhorse segment often taken for granted," said Robbie Galoso, IHS' principal analyst for industrial electronics. "However, industrial was second only to the wireless space in racking up revenue for the total semiconductor market. Because of this, industrial electronics is, in every sense of the word, a phenomenal powerhouse in its own right."
Amongst the top performing segments were factory automation, commercial aircraft, LED lighting, medical electronics and transportation. Those not performing as well included military aircraft and general purpose test and measurement.
The US, China, Japan and Germany accounted for 71% of chip design influence; said by IHS to be 'an inordinately high concentration of power among relatively few players'.
The top 10 countries included India, whilst the top 20 saw heavy representation from Western Europe, including the UK.
