Industrial IoT Opportunities in Semiconductors
Industrial IoT Opportunities in Semiconductors
Fortune Business Insights projects the industrial automation market size of $157.04B in 2018 growing to over $296.7B in 2026 at an 8.4% CAGR1. This growth will have direct impact on new semiconductor designs that incorporate advanced artificial intelligence (AI) capabilities, better safety and reliability, robust connectivity, improved throughput, and security. Industrial semiconductors are designed to perform control for many applications including process controls, factory automation, robotics, solar energy inverters, metering, asset tracking, energy harvesting, surveillance cameras, medical, 3D printers, avionics, and much more. The growth in semiconductor designs for industrial IoT is driven by several trends including AI integration, safety and reliability, connectivity, throughput, and security. This white paper explains these trends and highlights the required IP that solves the critical problems facing the rapidly changing IoT environment.
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