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Fuel Cell Market size worth $25.5bn by 2024
Industrial Electronic Chip Market forecast to reach USD 50
billion by 2023: Global Market Insights Inc.
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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.
Europe industrial electronic chips market is also expected to exhibit high growth
prospects due to the presence of leading company namely Siemens in the region.
In addition, thirteen European countries were ranked among top twenty industrial
electronics chip market in 2014. The countries encapsulated were France, Germany,
Switzerland, Sweden, Finland and Italy among others.
Regional Analysis of Industrial Electronic Chip Market:
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Application Analysis of Industrial Electronic Chip Market:
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.
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 industry demand.
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Major five countries leading in industrial electronics chip industry 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.
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.
Competitive Market Share of Industrial Electronic Chip
Market:
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