Operator
We will take our next question from Ambrish Srivastava. Go ahead. Your line is open.
Ambrish Srivastava, BMO Capital Markets
Thank you. I just have a quick on the industrial side, guys. You had put together a pretty long and impressive streak of close to 10% growth on a year-over-year basis and I am just looking at the bookings. Could you just help us understand what are the – and I know it is a very diverse business — but what are some of the specific drivers for your business? Then just looking forward, do you see any changes to that in terms of any applications or geos that should be continuing that growth or do you expect kind of the same going forward? Thank you.
Paul Coghlan
Well, I think the areas that, as you correctly stated and thank you for that, it is a very, very diverse business, industrial business. But if you ask me to pick maybe the top three or four of ours, I’ll probably be medical and you can see there is more automation going on in the medical world when you and I visit our GP, he has got more equipment in his office and hospitals are buying more equipment that form, fit and function of equipment getting smaller, so to upgrade equipment has a smaller footprint for hospitals, so I think medical equipment has been pretty good. Factory automation has been very good over recent years, and I think if you think of the changes in the automotive industry, if the automotive industry is growing, factory automation with robotics that would probably grow concurrently with it. Then another strong area for us is test and measurement as there is more electronics showing up in any part of your life, be it inside a car, be it inside your house, all of that electronics needs to be tested and measured, so I think more so test equipment could be helpful. So I think those are some of the drivers, sensor business, Lothar alluded to earlier, that’s a big part of manufacturing, alternate sources of energy, solar power, green tech. Those didn’t exist years ago. They are not as strong as the first ones I mentioned, but they are there. Even something like broadcast, which was not big years ago, now with the move to HDTV and better and better clarity and cameras and data being sent over the lines, all has an impact on the industrial world.
Ambrish Srivastava
ASPs are higher here versus automotive. Is that a fair assumption?
Paul Coghlan
Yes. Generally that is a fair assumption.
Ambrish Srivastava
Okay, thank you.
Operator
We will take our next question from Steve Smigie. Go ahead. Your line is open.
Steve Smigie, Raymond James
Great, thanks a lot. Just wanted to touch on Asia a little bit more. Government there seems to be really trying to push more investment in semiconductors at a national level in China. Then also there has been some movement in China to use less American technology maybe for security reasons et cetera. So I am wondering if that has impacted your business at all or if you think that even will?
Paul Coghlan
I have heard both of those. I can’t say that I could put my finger on any instance where that has had any impact on us, so maybe long-term it could be, but presently we have not seen any impact.
Steve Smigie
Okay, great. Then just on Europe, as you mentioned things are a little bit softer there. Have you seen that to be any sort of meaningful color or is just you have so many customers that it is more general tone is got nervous but doesn’t really overall impact demand and ultimately, European customers seem to be more shipping products elsewhere, so maybe back into the US or even into Chinese auto customers. So is the softness in Europe something that would dramatically impact you?
