Analog Devices jumped from fifth place to second with sales in 2017 of about $2.8 billion but was still a way behind market leader Texas Instruments with annual sales in excess of $5 billion. The acquisition by ADI boosted market shares in multiple markets including factory automation, military aerospace, video surveillance, test and measurement, medical, and power and energy applications.
STMicroelectronics was overtaken in the ranking by European rival Infineon Technologies allowing Infineon to maintains its fourth rank and seeing ST drop from third to fifth.
These movements happened while global industrial semiconductor revenues grew by 11.8 percent to reach more than $49.1 billion in 2017. The sector is expected to grow at a compound annual growth rate (CAGR) of 7.1 percent through 2022.
Optical semiconductors delivered excellent performance, due to the continued strength of the general LED lighting market. Power discretes demand has ramped up in industrial motor drives, EV chargers, PV inverters, traction and lighting equipment. General purpose analog has a strong five-year growth in various industrial markets, especially in factory automation, power and energy, and lighting. Microcontrollers (MCUs) are also projected to experience broad-based growth in the long term, thanks to advances in power efficiency and integration features.
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