BLOG
IHS: China and the US drove the industrial semiconductor market in 2014
Publish Time:
2021-10-12 16:54
Source:
According to IHS Market research, the industrial semiconductor market performed well in 2014, exceeding expectations, leading IHS to raise its growth forecast for the full year 2014.
IHS projects the industrial semiconductor component market to reach $38.5 billion in 2014, a growth of approximately 12.9% compared to $34 billion in 2013. This growth momentum continues the market expansion from the 11.4% growth in the same period of 2013.
IHS, which in February predicted 9% growth for the full year 2014, has now raised its growth forecast. Furthermore, IHS points out two major growth regions, contributing to the 2014 industrial semiconductor market growth with approximately 13% and 17% growth rates respectively. One region, accounting for 30% of the market and more than double the size of the second-largest market, is expected to grow rapidly to $11 billion in 2014, while the other is expected to reach a market size of $5 billion. Sales figures in these two geographic areas have been rapidly climbing since the beginning of this year, in contrast to other regions which have continued to decline.
Stronger growth markets include factory automation, building control, home control, and commercial aircraft, which, after a seasonal slowdown earlier this year, have begun to grow by 7%, contributing to the continued steady growth of industrial semiconductor chip sales.
In addition, IHS analyst Robbie Galoso points out that government economic stimulus programs in several markets have also boosted sales in various industrial electronics sectors. For example, LED components in lighting applications have helped drive growth in the industrial sector. IHS indicates that sales of LED components for lighting will reach a growth rate of 12.4%.
Previous page
Related news
2022-06-24
Public bidding announcement
Public Bidding Announcement Changchun Guanghua Microelectronics Equipment Engineering Center Co., Ltd. Clean Room Renovation Project Public Bidding Announcement
Contact Us
Tel：
+86-431-81785047 13944133408
Email：
gh01@ghwdz.cn
ghgsjyb2004@163.com
Address：
No. 1188, Shengbei Street, Beihulei Science and Technology Development Zone, Changchun, Jilin Province
Mobile Website
WeChat Official Account