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China, US propel growth in industrial semiconductor market

Posted: 20 Nov 2014 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor? LED? stimulus programme?

Meanwhile for China, that country's economic growth is cooling somewhat, with the impact of government stimulus programmes reverberating through the country's various market segments. This is resulting in strong spending on microchips in industrial areas including manufacturing and process automation, test and measurement, building and home control, and security and video surveillance.

China is the second largest purchaser of industrial semiconductors in the world with 14.1 per cent of total revenues in 2013.

LEDs light up the industrial chip sector

Among the fastest growing product sectors within the industrial semiconductor market will be optical light-emitting diodes (LEDs), which will attain 12.4 per cent growth. The use of LEDs for general-lighting applications is propelling expansion of this area. Demand for general-lighting LEDs is so strong that as lighting outperformed other applications like televisions, some LEDs originally intended for TVs are being sold to the general-lighting market.

Other fast-growing segments include transistors and thyristors, which will grow 14.2 per cent this year.

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