Industrial Chips Market Size 2023-2029
The global Industrial Chips market was valued at US$ 61510 million in 2022 and is projected to reach US$ 98370 million by 2029, at a CAGR of 6.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Industrial chips, also known as industrial microchips or industrial integrated circuits (ICs), are electronic chips specifically designed for use in industrial applications. These chips are built to withstand tough conditions commonly found in industrial environments, such as high temperatures, humidity, vibration, and electromagnetic interference.
Industrial chips are crucial in various industrial sectors, including manufacturing, automation, energy, transportation, and telecommunications. They are used in a wide range of industrial equipment and systems like programmable logic controllers (PLCs), motor drives, sensors, power supplies, robotics, and communication devices.
When it comes to design and architecture, industrial chips prioritize reliability, durability, and performance. They are created to handle extreme temperatures, protect against electrical noise and voltage fluctuations, and have a long lifespan.
These chips often include specialized features such as real-time operating systems (RTOS), advanced communication protocols (e.g., CAN, Ethernet), and industrial fieldbus interfaces (e.g., PROFIBUS, Modbus). These features facilitate smooth integration with industrial control systems and efficient data exchange between different devices.
This report aims to provide a comprehensive presentation of the global market for Industrial Chips, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Chips.
This report contains market size and forecasts of Industrial Chips in globally, including the following market information:
Global Industrial Chips Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Industrial Chips Market Sales, 2018-2023, 2024-2029, (M Pcs)
Global top five Industrial Chips companies in 2022 (%)
Total Market by Segment:
Global Industrial Chips Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Industrial Chips Market Segment Percentages, by Type, 2022 (%)
Computing and Control Chips
Communication Core
Analog Chip
Memory
Sensor
Security Chips
Microcontrollers (MCUs)
Digital Signal Processors (DSPs)
Application-Specific Integrated Circuits (ASICs)
Field-Programmable Gate Arrays (FPGAs)
System-on-Chip (SoC)
Power Management ICs
Global Industrial Chips Market, by Technology, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Industrial Chips Market Segment Percentages, by Technology, 2022 (%)
Electricity and Energy
Rail and Transportation
Factory Automation and Control Systems
Medical Electronics
Others
Global Industrial Chips Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Industrial Chips Market Segment Percentages, by Application, 2022 (%)
Programmable Logic Controllers (PLCs)
Motor Drives and Control Systems
Human-Machine Interfaces (HMIs)
Industrial Communication (e.g., Ethernet, CAN, Fieldbus)
Industrial IoT (IIoT) and Edge Computing
Industrial Robotics and Automation
Power Supplies and Converters
Sensing and Measurement Systems
Process Control and Monitoring
Safety and Security Systems
Global Industrial Chips Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
North America is currently the largest market for industrial chips, followed by Europe and the Asia Pacific region. The growth of the industrial chips market in North America can be attributed to the rising demand for industrial automation, particularly in the automotive and aerospace sectors. The increasing need for streamlined processes and advanced technologies has fueled the demand for industrial chips in these industries.
In Europe, the industrial chips market is experiencing growth primarily due to the increasing demand for industrial automation in the manufacturing and energy sectors. As businesses strive for greater efficiency and productivity, the adoption of automation technologies has surged, leading to an increased requirement for industrial chips to power these automated systems.
The Asia Pacific region is also witnessing significant growth in the industrial chips market, driven by the escalating demand for industrial automation in the manufacturing and consumer electronics industries. With the region being a manufacturing hub and the presence of a vast consumer electronics market, the need for industrial chips has soared to support automated manufacturing processes and the development of advanced consumer electronic devices.
Global Industrial Chips Market Segment Percentages, By Region and Country, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Texas Instruments
Infineon
Intel
Analog Devices
STMicroelectronics
Renesas
Micron Technology, Inc.
Microchip
onsemi
Samsung
NXP Semiconductors
Broadcom
Xilinx
Taiwan Semiconductor Manufacturing Company (TSMC)
SK Hynix Inc.
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