Industrial chip market to grow 9% in 2014.
Global industrial electronics chip revenue for 2013 amounted to $33.7 billion, up 11 percent from $30.4 billion in 2012, which was a 5 percent annual decline, the firm said. Growth will continue in the next few years, and industrial-related semiconductor revenue will reach some $45.0 billion by 2018, as shown in the attached figure. This growth represents a compound annual growth rate over the period 2012 to 2018 of about 6 percent.
In 2013 in the Americas it was a housing market upturn that helped drive industrial electronics in the building and HVAC segments while in China broader based revenue increases included medical electronics and factory automation. Europe, which plunged steeply into recession during the financial crisis, also grew in 2013 with 13 countries figuring among the top 20 global industrial electronics markets. Those nations included the likes of Germany, France, Switzerland, Sweden, Italy and Finland.
The largest segment in all of industrial electronics during 2013 was building and home control with annual revenue estimated at $10.1 billion, or nearly a third of the industrial sector. Lighting was a prominent performer, especially in the light-emitting diode (LED) sector, as were security systems used in applications like video surveillance and fire alarms.
The top five countries last year in terms of semiconductor design and influence for industrial electronics were the United States, China, Japan, Germany and France. Together the five nations controlled more than 70 percent of the industrial electronics sphere in 2013.
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