IoT, being one of the top growth drivers of the semiconductor industry, security concerns around connected devices pose a major threat to semiconductor companies. This includes home automation systems, wearable devices, and industrial automation products. Semiconductor products, especially those used in medical electronics and industrial automation, will, therefore, need to place more focus on developing secure chips.
As with any industry in the technology value chain, the semiconductor industry will need to constantly innovate products to meet newer technology demands. In 2018 and beyond, there will be a major focus on smaller chips that consume less power and provide better support for wireless connectivity.