How Has the Industrial Semiconductors Market Size Evolved in Recent Years?
The industrial semiconductors market has seen considerable growth due to a variety of factors.
• The industrial semiconductors market has seen rapid growth in recent years. It will increase from $76.3 billion in 2024 to $86.38 billion in 2025, at a CAGR of 13.2%.
This growth is attributed to the development of integrated circuits, the rise of consumer electronics, the introduction of electronics in automobiles, and early adoption of automation technologies.
What are the Market Size and Expected Growth Rates for the Industrial Semiconductors Market?
The industrial semiconductors market is expected to maintain its strong growth trajectory in upcoming years.
• The industrial semiconductors market is forecast to grow to $140.8 billion by 2029 with a CAGR of 13.0%.
This growth is attributed to advancements in manufacturing, rising semiconductor demand, increased need for power electronics in renewable energy systems, 5G expansion, and supply chain stability. Key trends include automation, IoT adoption, AI and machine learning, advanced robotics, digital twin technology, and quantum computing.
Which Key Drivers Are Propelling The Industrial Semiconductors Market's Growth?
The rise in automation demand is expected to drive the industrial semiconductors market. Automation relies heavily on semiconductors to control processes and power systems. The rising need for efficiency and precision in industries, driven by automation, increases the demand for semiconductors. A report from the International Federation of Robotics revealed that the number of industrial robots installed globally increased by 5% in 2022. Thus, the growing demand for automation is propelling the industrial semiconductors market.
What Are The Key Segments Within The Global Industrial Semiconductors Market?
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
Pre-Book The Industrial Semiconductors Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Industrial Semiconductors Market?
Key players in the industrial semiconductors market have shifted their focus towards creating unique products, such as integrated Delta-Sigma modulators, to enhance precision and boost data conversion and signal processing efficiency. By integrating a delta-sigma modulator, the process of data conversion becomes more precise and efficient. An example of this innovation took place in June 2024, when Asahi Kasei Microdevices Corporation, a renowned Japanese designer and manufacturer, introduced the critically acclaimed CQ36 Series Integrated Circuit. This new product, aside from being compact, also offers superior capabilities, making it ideal for high-precision analog-to-digital conversions and performance improvements for various applications within industrial and consumer electronics. With its superior signal-to-noise ratios and reduced power usage, the CQ36 series proves to be an optimal choice for battery-driven applications. The compact and potent design facilitates seamless integration into complex electronic systems.
Who Are the Key Players 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 Regional Insights Into 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.
