By BizLED Bureau
August 24, 2015: According to IHS, the global industrial semiconductor market will grow at 9.7 CAGR from 2015 to 2018.
Continued economic growth and increased capex, particularly in the US and China, will help increase demand and fuel growth in sales for industrial semiconductors.
The demand for industrial semiconductors is also driven by factory automation, commercial aircraft, building and home control, etc. In fact, industrial semiconductor sales registered 4.7% growth in the third quarter of 2014 as compared to the second quarter.
By the end of 2014 the semiconductor market grew by 16.8% over the previous year. Demand was very strong for optical LEDs, which grew 23.4%, jumping from $6.3 billion to $7.7 billion.
Other high growth categories include LED lighting, IP cameras and other digital video surveillance products, which will push the growth in the semiconductor market.
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