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Industrial Electronic Chip Market is Projected to Reach USD 50 Billion by 2023

Author : Ronak Bora | Published Date : 2019-04-16 

The demand for Global Industrial electronic chip market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2023. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Rising use of semi conductor content in automotive industry might surge the industry demand for industrial electronic chips. Advent of various systems such as night-vision to recognize pedestrians, animals and vulnerabilities on the road in low-light conditions; airbags packed in shoulder harness of seatbelts; and the ability to customize the dashboard appearance for dashboard instrument panels are likely to fuel the industrial electronic chip market growth over the forecast period.

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Increasing adoption of LED’s among numerous consumers over incandescent lighting is estimated to act as catalyst in fueling industrial electronic chips market demand. The surge in the industry can also be addressed to descending price points of LED lights. It is likely to contribute over USD 8 billion by 2023. Military and aerospace sector are projected to positively impact the market demand for these chips. High growth potential is anticipated from various industry sectors such as rectifiers, power diodes and thyristors and it is projected to be valued around USD 8 billion by 2023.

Electronic chips aids in decreasing the size as well as weight of the component or as complete system. It also facilitates in reducing power loss and consumes less power. It furnishes with higher operating speeds owing to the absence of parasitic capacitance effect. The power rating of electronic chip is limited to not more than 10 watts; hence this might pose as challenge to the industry. In addition, these chips need to be handled with care, as it may not work if wrongly held or exposed to excessive heat. Fabricating a chip with low noise might challenge the industrial electronic chip market demand.

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Major five countries leading in industrial electronic chip market are Germany, United States, Japan, France and China. These countries accounted for more than 70% share of the overall industry. U.S is anticipated to witness high growth owing to hike in the test & measurement and housing industry. This surge in the industry is likely to upturn usage of electronics in building as well as home control sector.

Asia Pacific industrial electronic chip market is estimated to witness convincing growth due to flourishing medical electronics accompanied by proliferating factory automation in the region. Flourishing energy manufacturing industry in China is forecast to have intensifying effects on electronic chip market from 2016 to 2023.

Key industry participants in industrial electronic chip market share include intel, qualcomm, Samsung electronics, SK Hynix, Micron technology, Toshiba, Texas Instruments, Broadcom, STMicroelectronics, Media Tek, Renesas, SanDisk, Infibeam, Avago terchnologies, NXP, Advance micro devices (AMD), Sony, Freescale Semiconductor, nVidia, Marvell technology group, ON semiconductor, Analog Devices, Apple, HiSilicon, ROHM among others.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/industrial-electronic-chip-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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