IIC Journal of Innovation 10th Edition | Page 39

Keeping Ahead of the Curve with Custom ASICs 200mm Capacity Outlook million 6.5 6 5.5 5 4.5 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Year Figure 1: SEMI Market taking place and this drives an increase in the number of components in a system performing the processing and communication demands. Accurate monitoring of these sensors is vital and there also needs to be a seamless flow of correct information in and out of systems, which is driving an increase in the proliferation of specialized types of integrated chips and circuits, such as custom ASICs to meet these needs. Market reports from Frost & Sullivan 4 are predicting that the revenue from the global sensor market in IIoT alone will grow to $11.23 billion by 2021 with a CAGR of 16.8%. While the analyst firm IDC 5 is projecting the worldwide spend on IoT to surpass the $1 trillion mark in 2020 with manufacturing being one of the industries that is expected to spend the most. As IoT adoption increases, there is also growth in the level of automation and the number of sensors being monitored. Changes in the Industrial market are occurring as the move from being reactive to being predictive occurs. This has a knock-on effect on increasing the levels of monitoring 4 Chip Technology In 1965, Gordon Moore highlighted how the number of transistors per square inch of integrated circuit had doubled every year since their invention. This observation became known as Moore’s Law and it has Frost & Sullivan, Analysis of Sensors in the Global Internet of Industrial Things Market, 2015 5 IDC, Worldwide Semi-Annual Internet of Things Spending Guide www.businesswire.com/news/home/20171207005963/en/IDC-Forecasts-Worldwide-Spending-Internet-Things-Reach - 35 - March 2019