The global Industrial Chips market was valued at US$ 61510 million in 2022 and is projected to reach US$ 98370 million by 2029, at a CAGR of 6.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Industrial chips, also known as industrial microchips or industrial integrated circuits (ICs), are electronic chips specifically designed for use in industrial applications. These chips are built to withstand tough conditions commonly found in industrial environments, such as high temperatures, humidity, vibration, and electromagnetic interference.
Industrial chips are crucial in various industrial sectors, including manufacturing, automation, energy, transportation, and telecommunications. They are used in a wide range of industrial equipment and systems like programmable logic controllers (PLCs), motor drives, sensors, power supplies, robotics, and communication devices.
When it comes to design and architecture, industrial chips prioritize reliability, durability, and performance. They are created to handle extreme temperatures, protect against electrical noise and voltage fluctuations, and have a long lifespan.
Total Market by Segment:
Global Industrial Chips Market, by Type, 2018–2023, 2024–2029 ($ Millions) & (M Pcs)
Global Industrial Chips Market Segment Percentages, by Type, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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