Amid the COVID-19 crisis and the looming economic recession, the Industrial Semiconductors market worldwide will grow by a projected US$57.9 Billion, during the analysis period

NEW YORK, May 27, 2020 /PRNewswire/ --

Amid the COVID-19 crisis and the looming economic recession, the Industrial Semiconductors market worldwide will grow by a projected US$57.9 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 11.7%. Building & Home Automation, one of the segments analyzed and sized in this study, is forecast to grow at over 12.9% and reach a market size of US$43.3 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Building & Home Automation market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.



Read the full report: https://www.reportlinker.com/p05721277/?utm_source=PRN



As part of the new emerging geographic scenario, the United States is forecast to readjust to a 13.1% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$2.1 Billion to the region's size over the next 7 to 8 years. In addition, over US$2.6 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Building & Home Automation segment will reach a market size of US$2.9 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Industrial Semiconductors market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 12% over the next couple of years and add approximately US$8.5 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Industrial Semiconductors market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, ABB Ltd.; Analog Devices Inc.; Fuji Electric Co. Ltd.; Infineon Technologies AG; Intel Corporation; Maxim Integrated Products Inc.; Microchip Technology Inc.; Micron Technology Inc.; Microsemi Corporation; Nichia Corporation; NXP Semiconductors N.V.; ON Semiconductor Corporation; Panasonic Semiconductor Solutions Co. Ltd.; Renesas Electronics Corporation; STMicroelectronics; Teledyne e2v (UK) Ltd.; Texas Instruments Inc.; Toshiba Corporation; Xilinx Inc.



Read the full report: https://www.reportlinker.com/p05721277/?utm_source=PRN

INDUSTRIAL SEMICONDUCTORS MCP-7
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE


II. EXECUTIVE SUMMARY


1. MARKET OVERVIEW
Industrial Semiconductors: An Introductory Prelude Recent Market Activity Steady Growth Projected for Industrial Semiconductors over the Coming Years Developed Regions Remain Key Revenue Contributors Fast Paced Growth Forecasts in Asia-Pacific & Other Developing Regions Favorable Macro Scenario to Aid Market Expansion Issues & Challenges Hampering Industry Prospects Ongoing Trade War A Brief Review of Recent Trade Actions Prevalence of Unorganized Players Counterfeit Products Declining Margins Global Competitor Market Shares Industrial Semiconductors Competitor Market Share Scenario Worldwide (in %): 2018 & 2029 Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
ABB Ltd. (Switzerland) Analog Devices, Inc. (USA) Fuji Electric Co., Ltd. (Japan) Infineon Technologies AG (Germany) Intel Corporation (USA) Maxim Integrated Products, Inc. (USA) Microchip Technology, Inc. (USA) Microsemi Corporation (USA) Micron Technology, Inc. (USA) Nichia Corporation (Japan) NXP Semiconductors N.V. (The Netherlands) ON Semiconductor Corporation (USA) Panasonic Semiconductor Solutions Co., Ltd. (Japan) Renesas Electronics Corporation (Japan) STMicroelectronics (Switzerland) Teledyne e2v (UK) Ltd. (UK) Texas Instruments, Inc. (USA) Toshiba Corporation (Japan) Xilinx, Inc. (USA)

3. MARKET TREDS & DRIVERS

View original content:http://www.prnewswire.com/news-releases/amid-the-covid-19-crisis-and-the-looming-economic-recession-the-industrial-semiconductors-market-worldwide-will-grow-by-a-projected-us57-9-billion-during-the-analysis-period-301066073.html

SOURCE Reportlinker

[ Back To TMCnet.com's Homepage ]