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Industrial semicon market posts highest growth since 2010

Posted: 22 May 2015 ?? ?Print Version ?Bookmark and Share

Keywords:industrial semiconductor? LED lighting? climate control? renewable energy?

Global industrial semiconductor revenue in 2014 grew by 18 per cent to $40.4 billion from $34.4 billion in 2013, according to IHS, Inc.

The year-over-year increase follows solid growth of 13 per cent in 2013, a decline of 3 per cent in 2012 and 12 per cent growth in 2011. The strong performance achieved last year represents the highest annual growth rate since the 36 per cent boom in 2010.

"Gradual acceleration in the global economy, led by the United States and China, continued to lift industrial equipment demand," said Robbie Galoso, principal analyst, IHS Technology. "Broad-based growth in industrial electronics gained momentum in the semiconductor industry, especially in products used for factory automation control, commercial avionics, LED lighting, digital internet-protocol cameras, climate control, renewable energy, traction, wireless application-specific testers, and oil and gas exploration equipment."

Based on the latest information from the IHS Industrial Semiconductors service, the industrial electronics category is expected to continue its strong momentum, as the top application-revenue driver in the semiconductor industry, through 2019. Industrial semiconductor revenue growth is expected to increase 7 per cent in 2015, with continued growth forecast for many segments; however, more moderate growth is expected this year, due mainly to slowed growth in memory, logic and analogue products used in building and home control, military and civil aerospace, and test and measurement. With improving financial results in the long term, the industrial semiconductor market is expected to be on track to reach 6 per cent compound annual growth rate (CAGR) between 2014 and 2019.

2014 top 10 company ranking variations

Texas Instruments maintained its strong position as the largest industrial semiconductor supplier in the world, followed by STMicroelectronics and Infineon Technologies. Both Micron Technology and ON Semiconductor both made their way into the top-10 industrial semiconductor supplier ranking list in 2014.

Top 10 company ranking

"Micron jumped into the top 10 last year due to the success of their product-longevity programme, which reinforced their commitment to the industrial market and leveraged the company's 2013 acquisition of Elpida Memory," Galoso said. "Micron's product longevity programme continued to grow quickly in 2014, which helped the company become the undisputed global industrial memory chip supplier."

The other big mover among the top 10, On Semiconductor, was boosted by its acquisition of Aptina, a leading complementary metal-oxide semiconductor (CMOS) image sensor supplier in the industrial market, which moved the merged company into 10th position in the rankings. Because both Micron and ON Semiconductor made their way into the top 10 rankings, both Maxim Integrated Products and Cree were displaced.

"Strategic acquisitions will continue to play a major role in shaping the overall semiconductor market rankings in key industrial semiconductor segments," Galoso said. "Infineon and NXP will soon upgrade their positions among the top semiconductor suppliers in 2015, due to their acquisitions of International Rectifier and Freescale Semiconductor respectively."

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