However, while the rest of the top ten ranking of industrial chip vendors were able to eke out revenue increases, STMicroelectronics saw its industrial chip revenues fall and it lost ground from its ranking of second in 2014 to fourth in 2015, IHS said. This lack of performance showed a similarity to ST’s performance in the analog IC market (see ST falls to fifth in analog IC vendor ranking).

The global industrial chip maket rose by less than 1 percent in 2015 to $41.9 billion compared with the year before and followung on from growth of 11.5 percent in 2014 and 9.8 percent in 2013. IHS analyst Robbie Galoso said that there are signs of growth in the future. The situation at present is balanced between growth in new applications of industrial electronics versus some slowing of production in traditional areas due weak oil prices and reduced economic activity.

IHS expects the industrial semiconductor market to grow at an 8.4 percent compound annual growth rate (CAGR) between 2015 and 2020.

Texas Instruments maintained its sector leading position in 2015, followed by Infineon Technologies and Intel. STMicroelectronics dropped to fourth place, while Analog Devices remained in fifth position. 

Merger and acquisition activity has played a part in growth of the leading companies and will continued to do so. NXP merged with Freescale and moved from 16th to 7th in the ranking.

That top ten ranking in order is: Texas Instruments, Infineon Technologies, Intel, STMicroelectronics, Analog Devices, Nichia, NXP, Micron, Xilinx and Renesas.

Related links and articles:

News articles:

ST falls to fifth in analog IC vendor ranking

US market to drive industrial chip sales, says IHS

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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