Measurement & Instrumentation


Industry 4.0—Impact in Semiconductor and Sensors Market

Published: 17 Aug 2017

Industry 4.0 or smart factory implies that industrial machinery will have smart product processing capability and also communicate with the machinery without human aid by bridging the physical and virtual worlds. Industry 4.0 will have major implications for the semiconductor and sensor market, as it is an integral part of every industrial automation and communication systems. By 2020, the number of connected devices will touch approximately 50 billion. In addition, the Industrial Internet of Things (IIOT) will add $14.2 trillion to the global economy over the next 15 years.

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