The semiconductor industry is flooded with many acquisitions and M&A transactions in 2016, but overall, the industry is expected to achieve a small growth. Maxim's continued focus on key areas such as the automotive, industrial and consumer markets is still strong.
Looking at 2017, there are several areas in the semiconductor industry that are worthy of attention: in the automotive sector, we believe that semiconductor components will continue to achieve double-digit percentage growth. We will see that the assisted driving function is added to the car to improve safety. One example is the increasing number of optical photographic lenses that are mounted on the car to support a vision system that avoids accidents. Such a new system will require high speed video transmission throughout the car. We will see a dramatic increase in the computational performance requirements of vision systems, which in turn requires more efficient power management.
These trends also allow us to continue to leverage our strengths in video transmission and power management. In addition, wearable devices for vital sign monitoring are rapidly evolving and we are committed to providing our customers with innovative wearable solutions. Some of these design steps are critical, including low power consumption, small size, and ease of design.
In addition, 5G, Internet of Things (IoT) and autonomous driving technologies that have made progress in 2016 will have further development in 2017. For example, in the IoT space, wearable electronic devices, including wristband fitness and wellness devices that provide continuous health monitoring, will provide a more comprehensive health assessment from integrated, small-sized, and low-power semiconductor IC designs. stand by.
Keeping abreast of development trends, the technology trends and market segments that will continue to receive attention in 2017, including automotive, industrial and wearable/health, are our focus.
Automotive: The infotainment system is currently the largest business segment in the automotive sector and will continue to be maintained. We will continue to invest in technologies related to ADAS, power management and serial link technologies that support high-speed video transmission in automobiles to meet the requirements of infotainment systems, assisted driving and safety.
Industry: Digital plants require distributed control with low power consumption, small size, high performance and higher productivity. We will open up a new path to Industry 4.0 with a strong patent portfolio and long-term focus on analog integration.
Wearable/Healthy: Today, the key to this field is the high-precision measurement of vital signs in different motion states, such as heart rate, while maintaining low power consumption and long battery life. We will integrate multiple technologies in a miniature, low-power package with patents and experience in wearable health and fitness applications.
In addition, providing higher data security in product design has become an overall trend in the industry. Integrating and balancing security and enforceability in product design from an early stage of development is critical. To ensure effective security, multi-layer deployment from sensor to cloud must be implemented throughout the design. Maxim will continue to invest in DeepCover Secure Microcontroller products, which enable a complete integration of advanced encryption and physical security, providing the highest level of anti-software tampering and reverse engineering protection.
In 2017, Maxim will continue to develop analog IC products for the automotive, industrial, healthcare, mobile consumer and cloud data center markets. We have seized the opportunity of the great development of infotainment, security and battery management systems, and have succeeded by providing high-performance product design for a wide range of customers. Factory automation products are also expanding. The core industrial business in the past two quarters has achieved growth over the same period last year, and this part is expected to continue to grow. We are also currently diversifying from the consumer sector, including tablets, wearables, peripherals, smartphones and gaming systems, all of which will help stabilize our revenues in the consumer arena.
All in all, the semiconductor industry must continue to seek innovative solutions for its customers. In fact, the development of the semiconductor industry in the analog field has not followed the rhythm of Moore's Law. In any case, the use of more advanced process equipment will greatly boost the performance of analog ICs, such as support for 90nm linewidth and more advanced lithography. At the same time, the industry's demand for advanced packaging technology is becoming more and more urgent to support the heterogeneous integration of production processes.
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