Industrial Sector Helps Drive Component Demand

The electronic components industry, particularly semiconductors, is getting a big boost from industrial applications. The global market for industrial semiconductors is forecast to increase by 12.9 percent in 2014, reaching $38.5 billion, according to new research from IHS Technology. The growth is attributed to “continuing strength in China and a resurgent U.S. economy,” the two largest…

Global Semiconductor Sales Grow 5% in 2013

El Segundo, Calif. —Led by memory chip sales, global semiconductor revenue increased 5.0 percent in 2013, according to the latest research from IHS Technology. Total semiconductor revenue reached $318.1 billion in 2013, up from $303.1 billion in 2012. Last year’s growth “reversed the disappointing 2.4 percent loss of 2012, when revenue contracted from $310.6 billion in 2011,”…

Industrial Electronics Chip Market Set to Grow 11%

El Segundo, Calif. — The industrial electronics chip market rebounded in 2013 with revenue growth of nine percent, reaching $32.8 billion, after falling five percent in 2012, according to a report from IHS Technology (NYSE: IHS). These chips are used in a variety of applications, including medical electronics, factory automation, energy distribution and generation, building and home control,…