A new report from IHS Technology states that industrial electronics semiconductors made “small but important gains” in the first quarter, signaling continued growth for the sector.
Revenue for the industry during this year’s first quarter amassed to $8.61 billion, up 0.6% from 2013’s fourth quarter. Industrial electronics drew strength from a continually improving global economy, the company states. Segments that performed the best during the first quarter included factory automation, commercial aircraft, climate control, medical electronics and application-specific testers.
In regards to countries that had the strongest influence of semiconductor design for industrial electronics, China, Japan, Germany and the U.S. accounted for 71% of chip-design influence.
“It’s tempting to overlook the industrial portion of the overall semiconductor industry because it’s a workhorse segment often taken for granted,” said Robbie Galoso, principal analyst, Industrial Electronics at IHS. “However, industrial was second only to the mighty wireless space in racking up revenue for the total semiconductor market. Because of this, industrial electronics is, in every sense of the word, a phenomenal powerhouse in its own right.”
For more information, visit IHS Technology.
Sources: Press materials received from the company and additional information gleaned from the company’s website.