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Industrial Semiconductor Market to Reach $525M in 2019
October 1, 2015 | IHSEstimated reading time: 1 minute
Revenue from the sale of energy-saving semiconductors for large and small transportation equipment, including rail systems, shipping, electric forklifts, mobility scooters and golf carts, grew at a compound annual growth rate (CAGR) of nearly 2 percent to reach $486 million in 2014. The market is expected to reach $525 million in 2019, according to IHS Inc., the leading global source of critical information and insight.
Roughly 85 percent of semiconductor revenue in the transportation market comes from the sale of power semiconductors. The remaining 12 percent is distributed between sensors, actuators, microcontrollers (MCUs), analog components and optical components.
“Semiconductors play a key role in improved energy efficiency in the industrial transportation market,” said Noman Akhtar, industrial semiconductor analyst for IHS Technology. “Increasing requirements for energy efficiency in this sector is, therefore, leading to growth in industrial traction semiconductors.”
Based on information from the latest IHS Industrial Semiconductor Market Tracker, five-year revenue growth for power transistors, power diodes and other discrete semiconductors is expected to be flat, due to the increasing integration of discrete devices in power modules; therefore, most of the long-term growth in transportation semiconductors will primarily come from sales of sensors, analog components and MCUs.
About IHS
IHS is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
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