Traditionally, the Industrial sector has represented only a small portion of total semiconductor sales. According to SIA/WSTS End Use data, semiconductor sales to the Industrial market comprise only 12% of total semiconductor revenues. In addition, the Industrial sector traditionally grows at a comparably slow, steady rate. From 2010 to 2015, the Industrial sector experienced a 4.8% CAGR from $31.9 billion to $40.3 billion. But all that may change. Many futurists are espousing a worldwide transition into the Fourth Industrial Revolution. A new report from Semico Research, Industrial IoT: Smart Factories and Cities, identifies the Industrial Internet of Things (IIoT) as a major component of the Revolution and that it promises to stimulate a transformation in the way industry, business and local communities operate.
Semico Research segments the Industrial IoT into two distinct markets, smart manufacturing and infrastructure. The smart manufacturing segment includes Advanced Process Control, manufacturing process monitoring, supply chain management, ERP, and MRP.
In its recent report, Industrial IoT: Smart Factories and Cities, MP117-17, Semico Research provides 5-year revenue forecasts for each major semiconductor category in Industrial. Readers will see which segments of IIoT are growing fastest and what the latest trends are in the market, the growing ecosystem, and technical innovations, as well as a close look at security and standards for the IIoT market.