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Industrial mkt drives growth for integrated analog ICs

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CIOL Bureau
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SUNNYVALE, USA: According to the data collected from a number of industry sources, industrial market was the fastest-growing market for analog ICs from 2006-2011 at a 9 per cent annual rate.

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Chris Neil, senior VP of the Industrial and Medical Solutions Group at Maxim Integrated Products, says, “the industrial market is outgrowing nearly every other market segment and driving growth for analog integrated circuits (ICs).”

From 2011-2015, industrial is projected to be the second fastest-growing market for analog semiconductors at a continued 9 per cent annual growth.  Expensive global problems such as reducing factory operating costs, lowering the cost of energy production necessary to meet the ever-increasing electricity demand, and mitigating skyrocketing healthcare costs will be solved by electronics, particularly analog and mixed-signal solutions.

There is a growth in demand for analog ICs in the global industrial market for end systems designed to address these issues, including factory automation equipment, smart meters, and portable medical devices.

"Industrial's surprising rate of growth is counterintuitive, possibly due to its brick and smoke-stack image. However, the 'industrial reality' is that industrial systems companies are addressing big problems that affect us as individuals and as societies, and it is, in fact, a very dynamic and relevant market segment.''

''Electronics will help solve these problems by deploying real-time predictive maintenance in factories to increase the availability of high-quality goods to larger audiences, by reducing peak energy demand by using and distributing energy more efficiently through an optimized smart grid, and by lowering healthcare costs by reducing expensive hospital stays by employing wearable and portable monitoring devices,'' said Neil.

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