The Industrial electronics encompasses a wide variety of applications. The introduction of new technologies and services associated with the Internet of Things (IoT) is driving new growth in these industries. Smart Industry initiatives such as Industry 4.0 or IIoT (Industrial Internet of Things) are driving machines, factories and workplaces to become more efficient, more intelligent & aware, more connected and safer for the people working there. Smart Home and City initiatives are driving similar trends with the adoption of smart technologies in areas such as lighting, transportation and parking, farming, asset sharing, climate monitoring, waste collection, and home automation.
High levels of innovation are required to deliver solutions that meet the specific need of the diverse applications in the industrial market. For example, power and energy management technologies are needed for power ranging from microwatts in home appliances to megawatts in factory motors and connectivity solutions that can cover a range of data rates as well as distances from centimeters to tens of kilometers. Enabling technologies for the evolution of the industrial market include pervasive embedded processing including Artificial Intelligence capabilities, wired and wireless connectivity, security and protection, innovative power technologies, cloud & edge computing, and big data analysis.