LED lighting, surveillance in US to help drive industrial chip market

LED lighting, surveillance in US to help drive industrial chip market

Market news |
By Rich Pell

Sales into such applications as LED lighting, video surveillance and climate control will take the industrial semiconductor market from $43.5 billion in 2014 to $59.5 billion in 2019 a compound annual growth rate (CAGR) of 8 percent, IHS forecasts.

With its strong economy the United States accounted for 30 percent of all semiconductors used in industrial applications in 2015. China was the second largest industrial chip-buying country, purchasing about 16 percent of the total sold.

The industrial market for LEDs alone is expected to reach $14.5 billion in 2019. Discrete power transistors, thyristors, rectifiers and power diodes are expected to hit $7.8 billion in revenue, due to the policy shift toward energy efficiency in the factory automation market.

Analog ASICs will grow strongly to reach $4.7 billion sold into industrial applications in 2019, IHS said. Microcontrollers (MCUs) are also expected to experience robust growth in the long term, growing from $4.4 billion to $6.3 billion, thanks to advances in power efficiency and integration features.

Related articles:
US, China pushing industrial chip market growth, says IHS
Industrial chip market to grow 9% in 2014, says IHS
Industrial chip revenues hit $32.3 billion in 2012

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