Press release
Industrial Semiconductors Market Size Projected To Reach $140.8 Billion By 2034 With A Cagr Of 13%
Industrial Semiconductors Market
What Is the Projected Growth of the Industrial Semiconductors Market?
The industrial semiconductors market size has grown rapidly in recent years. It will grow from $76.3 billion in 2024 to $86.38 billion in 2025 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to the invention of the integrated circuit, the advent of consumer products, the rise of personal computers, the introduction of electronics in cars, and early adoption of automation technologies.
The industrial semiconductors market will grow to $140.8 billion by 2029, at a CAGR of 13.0%. Growth is attributed to advances in manufacturing, the expansion of 5G networks, and demand for power electronics. Trends include automation demand, AI and machine learning, and the rise of quantum computing.
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What Are the Different Industrial Semiconductors Market Segments?
The industrial semiconductors market covered in this report is segmented -
1) By Type: Single-Mode, Multi-Mode
2) By Product: Integrated Circuits, Optoelectronics, Discrete Semiconductors, Sensors
3) By Application: Construction, Manufacturing, Automotive, Aerospace, Other Applications
Subsegments:
1) By Single-Mode: Low Loss Single-Mode, High Power Single-Mode
2) By Multi-Mode: Standard Multi-Mode, High Bandwidth Multi-Mode
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What Are the Primary Drivers Shaping the Industrial Semiconductors Market?
Surging demand for automation technologies is also expected to drive the industrial semiconductors market. Automation involves using systems to perform tasks without continuous human input and is becoming widespread due to productivity and precision needs. Semiconductors are central to these systems, enabling control and communication functions. According to the International Federation of Robotics in September 2023, professional service robot shipments reached 158,000 in 2022, up 48%, while 553,052 industrial robot installations were also recorded globally-reflecting a 5% annual growth. Thus, the growth in automation is boosting the industrial semiconductors market.
Which Companies Are Leading in the Industrial Semiconductors Market?
Major companies operating in the industrial semiconductors market are Hitachi Ltd, Panasonic Corporation, Mitsubishi Electric Corporation, Honeywell International Inc, Broadcom Inc, Advanced Micro Devices Inc., STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, Fuji Electric Co. Ltd., Microchip Technology Inc., Omron Corporation, Teledyne Technologies Incorporated, ROHM Semiconductor Ltd., Vishay Intertechnology Inc., Diodes Incorporated, Microsemi Corporation, Fairchild Semiconductor International Inc.
What Are the Latest Developing Trends in the Industrial Semiconductors Market?
Companies that are prominent in the industrial semiconductors market are concentrating on creating innovative products like in-built Delta-Sigma modulators to boost precision and augment efficiency in data conversion and signal processing. The in-built delta-sigma modulator enhances the efficiency and accuracy of data conversion processes. For example, Asahi Kasei Microdevices Corporation, a company based in Japan that designs and manufactures, introduced the CQ36 Series Integrated Circuit in June 2024, offering more advanced abilities in a smaller package. It is developed to offer high-precision transformations from analog-to-digital, enhancing the performance of numerous applications in consumer and industrial electronics. The CQ36 series offers better ratios of signal-to-noise and lower power usage, making it an optimal choice for applications powered by batteries. Additionally, its compact design and robust functionality allow for seamless integration in complex electronic systems.
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What Are the Top Revenue-Generating Geographies in the Industrial Semiconductors Market?
Asia-Pacific was the largest region in the industrial semiconductors market in 2023. The regions covered in the industrial semiconductors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Semiconductors Market?
2. What is the CAGR expected in the Industrial Semiconductors Market?
3. What Are the Key Innovations Transforming the Industrial Semiconductors Industry?
4. Which Region Is Leading the Industrial Semiconductors Market?
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