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The growing pattern in the demand of such as factory automation products, commercial aircrafts, LED lighting, digital IP cameras, climate control devices, renewable energy products and security products will bring the growth of industrial semiconductors on to the new heights. Growth in the industrial segment has also been driven by gradual acceleration in the global economy, which continues to boost industrial equipment demand, especially from the United States and China. Stronger economic growth and increased capital spending in the United States and China was a big opportunity for industrial semiconductor manufacturers as these countries are the leading consumers of industrial semiconductors.
 
According to our report, “Global Semiconductor Market Outlook 2022”, Optical chips which includes Optical LEDs and Industrial 3D printers accounted for the highest share in industrial semiconductors, especially the industrial electronics products market which provides higher profit margin to manufacturer than other semiconductor categories.
 
The robust growth in demand for industrial semiconductors over the next three years will be driven by a wide range of products and segments. These products include 3D printers, factory automation products, commercial aircraft, LED lighting, digital IP cameras, climate control devices, renewable energy products, medical electronics and wireless application-specific testers.Industrial 3D printers are a high growth category that will help drive industrial semiconductor usage in the coming years.
 
Recently, Indian Electronics and Semiconductor Association (IESA) has signed a MOU with Singapore Semiconductor Industry Association (SSIA) to establish and develop trade and technical cooperation between the electronics and semiconductor industries of both the countries. Due to intense competition companies and countries are collaborating together to become a top leader in developing industrial semiconductor for increasing the size of their contribution.
 
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