Headlines / News / End User News / Finished Adhesives and Sealants / End User / Info for Electronics / Market Trends

Industrial Electronic Chip Market Reports Double-Digit Growth

The worldwide market for industrial electronics semiconductors reportedly ended 2013 on a strong upbeat note, with overall revenue up convincingly from the previous year and reversing the disappointing decline of 2012, according to a new report from IHS Technology. Global industrial electronics chip revenue for 2013 was $33.7 billion, an 11% rise from $30.4 billion in 2012. After final figures are confirmed for the fourth quarter, the double-digit increase expected in 2013 will show that the market recovered from the 5% loss of 2012. Growth will continue in the next few years, and industrial-related semiconductor revenue will reach some $45.0 billion by 2018.

“The market’s persuasive bounce back is due to a strengthening global economy, coupled with higher purchasing confidence across all geographical regions,” said Robbie Galoso, principal analyst, Industrial Electronics. “While the field may not sound as sexy or attention-grabbing as some of the more popular markets around, like wireless or consumer, there is no underestimating the power or sheer breadth of its applications, ranging from home automation to the medical field, to energy, to aeronautics and military purposes, and much more.”

In the Americas, led by the U.S., an upturn in the housing market fueled the expansion of industrial electronics usage in the building and home control segment. In China, broad-based revenue increases occurred in various segments, including medical electronics and factory automation. Thirteen European countries figured among the top 20 global industrial electronics markets, including Germany, France, Switzerland, Sweden, Italy and Finland.

For more information, visit http://technology.ihs.com.

 

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI August 2014 cover

2014 August

Our August issue includes what is traditionally our most popular article of the year: the ASI Top 25. You won't want to miss it!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px