Worldwide industrial semiconductor revenues grew by 11.8% year over year, reaching $49.1billion in 2017, with Texas Instruments maintaining its top spot position as the largest industrial semiconductor supplier, according to the latest analysis from IHS Markit.

While the acquisition of Linear Technology, catapulted Analog Devices into second position, boosting its industrial market shares in factory automation, military aerospace, video surveillance, test and measurement, medical, and power and energy applications.

According to IHS, industrial electronics equipment demand was broad-based, with continued growth in commercial and military aircraft, LED lighting, digital signage, digital video surveillance, climate control, smart meters, traction, photovoltaic (PV) inverters, human machine interface and various medical electronics. The industry is expected to grow at a compound annual growth rate of 7.1% through 2022.

Optical semiconductors delivered excellent performance, adds IHS, due to the continued strength of the general LED lighting market. Power discretes demand has ramped up in industrial motor drives, EV chargers, PV inverters, traction and lighting equipment. General purpose analog has a strong five-year growth in various industrial markets, especially in factory automation, power and energy, and lighting. Microcontrollers are also projected to experience broad-based growth in the long term, thanks to advances in power efficiency and integration features.

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