Semiconductor Device For Industrial Applications Market Trends

Market Trends of Semiconductor Device For Industrial Applications Industry

Sensor Segment to Hold a Significant Share in Industrial Applications

• Sensors are a vital part of factory automation and Industry 4.0. Motion, environmental, and vibration sensors monitor equipment health, ranging from linear or angular positioning, tilt sensing, leveling, and shock to fall detection.
• Dedicated industrial motion sensors based on micromachined sensing (MEMS) elements are available for Industry 4.0 applications. These have a wide mechanical frequency sensing bandwidth, high reliability, and accurate operation up to 105°C.
• An industrial sensor system is often powered by a 24V DC source, which is very different from a sensor in a consumer system powered by a 3V or 5V source. As a result, industrial sensor systems require additional power management to drive the sensors effectively. These use digital outputs, such as IO-Link direct to a microcontroller or the wireless transceiver.
• Passive infrared (PIR) sensors and rotary encoders can be limit switches for threshold measurements in industrial automation systems. Such industrial Internet of Things (IIoT) sensors are linked through industrial sensor networks, either wired or wireless, back to a gateway and then back to the Internet of Things to provide real-time analysis and conditional monitoring.
• These sensors are generally cheaper because they take less time to install and run. A wireless sensor or overlay solution attached to an existing machine is cost-effective, as it uses a standard technology set.
• Industrial robotics adoption is increasing, an essential enabler of Industry 4.0. Industrial robots need sophisticated sensors to gather crucial data for them to function. In addition to internal data on temperature, moisture, movement, and position, sensors can employ semiconductor processing units to collect external data from sources, including pictures, infrared light, and sound.
• According to the International Federation of Robotics (IFR), industrial robot sales are anticipated to rise sharply. Global exports of industrial robots are predicted to reach 5,18,000 units in 2024. This fact will play a significant role in adopting sensors in manufacturing industrial robots such as 2D and 3D vision and force or torque sensors; collision sensors are widely used in it.

Asia Region to Grow Significantly in this Market

• Asia includes China, Japan, India, Korea, and the rest of Asia. China is investing in next-generation technologies, quickly automating the industry, and even positioned to surpass the Western countries in terms of new technology investment and innovation.
• For instance, in the widespread use of robotics in the Chinese industry. According to the South China Morning Post, China produced 2,22,000 industrial robotic units in the first half of 2023, an increase of 5.4% compared to the same period last in 2022. According to Ministry figures, it also generated 3.53 million service robot units, a 9.6% increase. This tremendous growth rate in installing industrial robots will drive the studied market during the forecast period.
• The development of COVID-19 forced the Japanese industrial sector to reexamine its established production procedures. Japan has led the automation of the industrial economy. The nation can now provide factory automation products to other regions through its industrial center. Additionally, it exports factory automation and industrial controls to other countries. Robot proliferation and the rise of robots with AI capabilities have sparked the creation of new technologies that may aid businesses in enhancing productivity and minimizing errors.
• Similarly, India is benefiting from the critical role of automation in driving growth and competitiveness, which has seen a remarkable transformation of its industrial landscape. Over the last few years, India's manufacturing sector has been moving towards automation. Regarding this, many global companies are interested in investing in the manufacturing of intelligent factories in India. For instance, in December 2022, Schneider Electric plans to invest INR 425 crore (around USD 5.13 billion) to develop a new smart factory in Bangalore, India. These trends will drive the studied market growth during the projected period.