Top 5 Trends in Semiconductor Industry

The semiconductor market is expected to portray promising scenarios, as it is estimated to reach $63.61 billion in 2030 which was initially valued at around $28.13 billion in 2021, thereby registering a CAGR of nearly 7.7% from 2022 to 2030.

The global semiconductor industry has been rapidly evolving and growing owing to the rocketing demand for cutting-edge smart devices and associated technological advancements, thereby expanding it utility in a variety of industries- Communications, Consumer electronics, Clean energy, Defence, Transportation, Aerospace and Automotive. Semiconductors are highly portable and low priced which enables them to be integrated into diverse appliances. They also have a long shelf life and need less power input, making them an ideal material for input in a wide range of products.

TOP 5 TRENDS IN SEMICONDUCTOR INDUSTRY

The physical and chemical properties of semiconductors make them proficient in superior-tech tools creation.

• 5G Communications - The 5G chipset allows processing of information at a faster rate; nearly 10 times faster than the previous 4G. Under such circumstances, semiconductors will be accomplishing new specifications. Moreover, producers will have to enhance the product potentials of storage, mobile devices and servers.  The Global 5G Chipset Market size was estimated at $1.53 billion in 2021 and is predicted to reach $90.79 billion by 2030 with a CAGR of 44.95% from 2022 - 2030. 
• Internet of Things (IoT) - The industrial application of the Internet of Things (IoT) is set to offer a myriad of opportunities to the semiconductor market. Due to its versatilities, IoT, has come under the purview of heavy research, along with domains like silicon photonics. As more IoT products will enter the market, the demand for semiconductor chips will witness a surge. From modern automation systems to connected appliances, semiconductor-integrated IoTs will dominate their presence in much all places.
• Autonomous Cars – Integrated semiconductor chips in the next-generation autonomous cars would perform different collaborative operations, with better electronic solutions supported with automotive semiconductors for improved connectivity, automation, enhanced sensors, battery performance in EVs, and much more. Automotive Artificial Intelligence Software will escalate the operational efficiencies of self-driving and semi-autonomous vehicles.
• Artificial Intelligence (AI) - In recent years, mass adoption of AI technology has paved the way for enterprises to strategize the AI-integrated semiconductor chips, resulting in several advantages across different industries like enhanced efficiency and response time, operational cost reduction, better performance and increase in manufacturing speed etc. The demand for AI-based applications and equipment will directly influence the growth opportunities for semiconductor companies. Furthermore, the massive upsurge in research and development, increased use of autonomous robotic at various industry verticals, and high-tech product launches shall fuel-up the growth-rate of artificial intelligence (AI) chip market, over the forecast period.
• GEOGRAPHICAL ANALYSIS

China, Japan, Vietnam and South Korea are among the top nations dominating the global semiconductors market. The companies of China are witnessing high sales as they are transforming from low-cost production to concentrating on the development of high-value tech product ranges. Various Chinese semiconductor companies are already working on designing semiconductors of specialized nature for numerous applications. Challenging China's supremacy and competitiveness in the semiconductor industry will be tough in the forthcoming years as the country has been well ahead compared to others by a large number over the past few years.

COMPETITVE ANALYSIS

With rapid advancements in technology, the global semiconductor industry offers a plethora of opportunities and is anticipated to witness a brighter and more promising future. Some of the key semiconductor players in the world are - Micron Technology, Intel Corporation, UTAC Group, Carsem, Powertech Technology, Qualcomm Technologies, Fujitsu Ltd, are swiftly adapting and innovating, by recognising the numerous benefits these technologies are capable of offering.