GaN semiconductor device market is anticipated to grow at asignificant CAGR of 13.4% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of GaN semiconductor devicesin infrastructure developmentand EV manufacturing, and the rising demand for consumer electronics drivesthe growth of the market. According to the World Semiconductor Trade Statistics (WSTS) Fall 2021 Semiconductor Industry Forecast, global semiconductor industry sales are forecasted to reach $601.0 billion in 2022 and $633.0 billion in 2023.
Automotive semiconductor market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the growing demand for microcontrollers, digital signal processors, application-specific integrated circuits, electric control units, automotive sensors, and MEMS (micro-electro-mechanical systems) in the automotive industry globally driving the growth of the market.
Household Robots market is anticipated to grow at a CAGR of 19.3% during the forecast period (2024-2031). Household Robots can perform duties like cleaning the floor, pool, windows, lawn and can connect to wi-fi networks efficiently used for various purposes, including training, counseling, and entertainment.
Education smart display market is anticipated to grow at a CAGR of 5.0% during the forecast period (2024-2031). The global education smart display market refers to the collective industry focused on interactive display systems designed for educational purposes. These displays incorporate advanced technologies to enhance teaching and learning experiences in classrooms and educational institutions worldwide.
Fiber optic preform market is anticipated to grow at a CAGR of 11.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of fiber optic preform to enhance optical performance, increase data transmission rate and improve durability drives the growth of the market. Information technology and telecommunications are two of the main sectors that depend heavily on optical fiber network infrastructure. The main applications for fiber optics include flexible bundling, laser delivery systems, lighting, and light transmission.
Next generation memory market is anticipated to grow at an exponential CAGR of 26.5% during the forecast period (2024-2031). Next-generation memory is a category of computer memory technology that is currently under development. It is a rapidly evolving sector within the semiconductor industry. Next-generation memory is designed to improve on the limitations of traditional memory types like DRAM and NAND flash. The growing development in the field of next generation memory to improve on the limitation of traditional memory is a key factor driving the growth of the global market.
High-speed data converter market is anticipated to grow at a considerable CAGR of 6.6% during the forecast period (2024-2031). High-speed data converter is an electronic circuit designed to transform data from analog sensor nodes into the digital domain or vice versa at high speeds, such as in telecommunications, medical imaging, radar systems, and data acquisition systems.
Micro inverter market is anticipated to grow at a considerable CAGR of 19.5% during the forecast period. A solar micro inverter, or simply micro inverter, is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). The growing demand for clean energy and increased energy prices has propelled the adoption of solar energy.
Gaming chipset market is anticipated to grow at a CAGR of 17.5% during the forecast period. Globally, the gaming chipset market is driven by factors such as increasing demand for high-performance gaming experiences, technological advancements like Artificial Intelligence (AI) integration, growing popularity of eSports, ongoing innovation in gaming hardware, and the expansion of high-speed internet and cloud gaming services.
Microgrid control system market is anticipated to grow at a considerable CAGR of 12.5% during the forecast period. The growing demand for renewable energy has driven the growth of the 4Infrastructure have completed a renewable energy microgrid project on Terceira, a Portuguese Azores island. The islands have great potential to be powered by renewable energy sources, particularly wind, hydroelectric power and geothermal energy.
Chiplet market is anticipated to grow at a CAGR of 6.4% during the forecast period (2023-2030). a chiplet is a sub-processing unit that is typically controlled by an I/O controller chip within the same package. The concept of chiplet design involves a modular method for constructing processors. CPU manufacturers such as AMD and Intel Corporation use chiplet designs in their product lineups which enhance production efficiency through improved silicon yields.
Discrete semiconductor market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). The main advantages of using discrete semiconductors include flexibility, customization, and higher power handling capabilities compared to integrated circuits. It allows designers to have precise control over circuit design and performance, and they can handle higher voltage and current levels.
Semiconductor memory market is anticipated to grow at a CAGR of 11.9% during the forecast period (2023-2030). Semiconductor memory used as a semiconductor version of a hard disk, to store files. It is used in portable devices such as PDAs, USB flash drives, and removable memory cards used in digital cameras and cellphones. The growing adoption of non-volatile semiconductor memory technology with the improving code storage and data-logging applications is the key factor supporting the growth of the market globally.
3D stacking market is anticipated to grow at a considerable CAGR of 18.7% during the forecast period. 3D stacking is a technology that involves stacking multiple semiconductor chips (chiplets), on top of each other. The chips are thinned and stacked to create high-speed, multifunctional systems. HPC and AI applications are becoming increasingly popular in a wide range of industries, including consumer electronics, telecommunications, automotive, and industrial. These applications require high-performance electronic devices with a lot of memory and processing power.
Photomask industry market is anticipated to grow at a considerable CAGR of 3.30% during the forecast period. The global reasons driving the growth of the photomask market are Increasing the use of electronic devices and the increased emphasis on technological advancements such as the Internet of Things (IoT). For Instance, Toppan Printing uses the IoT to optimize administrative operations the company has developed a simulation service to enhance the efficiency of administrative operations.
Outsourced Semiconductor Assembly and Test Services (OSAT) market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period. The increasing usage of OSAT in different industrial vertical is a key factor driving the growth of the global OSAT market. The considerable rise in the number of connected devices and consumer electronics, and the emphasis on quality improvement and end-to-end testing solutions by companies is a major motivator to the market growth.
Digital humidity sensor market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023–2030). The market growth is attributed to the growing demand for industrial applications across the globe. Several major market players are coming up with new products to cater to the demand for industrial applications, although the use of digital solutions can be impeded by excessive noise.
Mobile photo printing market is expected to grow at a CAGR of 8.8% during the forecast period. The market's growth is attributed to the growing demand for instant photo printing across the globe. Nowadays, consumer perception has changed as a result of the demand for instant photos and memories that has contributed to the popularity of mobile phone printers. Instant photo printers are capable of producing high-quality photos at the same time with new and unique features.
Voice evacuation system market is anticipated to grow at a considerable CAGR of 16.0% during the forecast period. The growth of the market is attributed to factors such as increasing safety regulations and standards, growing awareness about the importance of effective emergency communication systems, and the need for quick and efficient evacuation procedures. The growth of the market is also attributed to the growing launches of new and innovative product solutions by the market players to cater to the demand of the market.
Semiconductor and related devices market is anticipated to grow at a CAGR of 7.0% during the forecast period. The primary factor boosting the market growth includes the increasing number of electronic devices such as smartphones, tablets, laptops, and the development of new technologies such as 5G wireless networks, AI, and IoT. In addition to this, the use of semiconductors and related devices in the automobile industry has increased significantly with features such as advanced driver assistance systems, infotainment systems, and many others.
FPC antennas in electronic devices market is anticipated to grow at a considerable CAGR during the forecast period. The increasing demand for FPC antennas from the mobile devices industry is expected to propel the growth of the market during the forecast period. Stamping technology is a proven solution with numerous advantages, including low cost, integrated contacts connected to the ground plane, production dies that support mass production, and additional assembly stations to increase production.
The global high-purity silicon market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The growth of the market is primarily attributed to the growing application of high-purity silicon in various end-use industries. Silicon is a p-type semiconductor material that is required in high-purity form for photovoltaic cells, deposition of coatings and thin films via molecular beam epitaxy (MBE), microelectronics, energy storage, and others; it also serves as a dopant or starting material for the synthesis of ultra-pure silicon carbide wafers, mesoporous silica, and other semiconductors.
Networked sound masking systems market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. Increasing application of networked sound masking among various end-user industries such as hospitals, and corporate offices drives the market growth. A sound masking system is a stand-alone system that includes speakers, hardware, adaptive sensors, and amplifiers to add unobtrusive sound to an environment to conceal unwanted disruptive noises.
Gaming motherboard market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. Gaming motherboards are the main components of gaming computers. These motherboards are equipped with CPU, RAM, and GPU for high-performance graphics processing which is required by the latest games available in the market. People of all ages and demographics are playing video games for joy and competition, to connect with others, to learn, and for mental stimulation.
3D projector market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. The rapid increase in the adoption of 3D projector devices in cinema halls is boosting the demand for the market across the globe during the forecast period. Owing to the realistic viewing experience they provide, the demand for 3D projector devices in the film industry is increasing. 3D glasses are generally used for viewing these images or videos.
Dark fiber market is anticipated to grow at a CAGR of 11.5% during the forecast period. The growing demand for internet connectivity across the globe is a key factor driving the growth of the market. The benefits of data fiber such as reduced network latency, scalability, reliability, and enhanced security have driven market growth. With the increasing demand for mobile data and the launch of 5G services, telecom service providers are now buying up the available dark fiber and also focusing on building their own. This, in turn, drives the market growth.
Traditional micromachining market is anticipated to grow at a CAGR of 5.2% during the forecast period. The global traditional micromachining market growth is backed by the increasing adoption of micromachining in industries such as automotive, healthcare, consumer electronics and others for the development of micro-components. The increasing advancements in the production technologies have resulted in a reduction in the time required for the manufacturing of components, which has further boosted the market growth.
The global selective laser sintering equipment market is anticipated to grow at an exponential CAGR of 22.3% during the forecast period. Selective laser sintering is a manufacturing technique that uses a laser as the power source to sinter powdered material such as metal and nylon. Rising demand for tooling and manufacturing of heavy equipment applications is driving the growth of the selective laser sintering equipment market across the globe. For instance, in January 2021, The Formlabs Fuse 1 3D printer launches a new chapter of laser-sintering with a nylon 12 material that promises a 70% refresh rate.
The global Inorganic Metal Finishing Processes market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. Metal finishing is a technique of changing the surface of the object to advance its appearance and durability. The metal finishing process involves the implementation of a method for cleaning, polishing, and improving the metal surface.
The global space power electronics market is anticipated to grow at a significant CAGR of 16.5% during the forecast period. Space power electronics controls and converts electric power from one form to other. It is the application of electronics on satellites, spacecraft, launch vehicles, space stations and rovers that process high voltages and currents to deliver power that supports a variety of needs. The major factor driving the growth of the global space power electronics market during the forecast is the increasing demand for wide bandgap materials such as silicon carbide (SiC) and gallium nitride (GaN) across the globe.
The global satellite cables and assemblies market is anticipated to grow at a significant CAGR during the forecast period. Satellite cables and assemblies systems have a huge potential for satellite data service providers, small sat service providers, remote sensing service providers, technical service providers, and investors. Additionally, satellite cables and assemblies are balanced and offer better reliability than the conventional cables for transmitting signals, supplying power, or sending earth images. The major factor driving the growth of the global satellite cables and assemblies market during the forecast is the increasing launches of small satellites into low earth orbit (LEO) especially.
The global molded interconnect device market is anticipated to grow at a significant CAGR of 13% during the forecast period. The increasing demand for compact features in electronics devices and adoption of MID to reduce the circuit density are the factors that has positively influenced the market growth. The growing use of molded interconnect devices in medical & healthcare industry is gaining popularity. The medical industry is integrating and adopting new technology to deliver better services to patients. Medical devices have employed MID technology to improve product quality and to reduce failure ratio and complexities.
The global market for semiconductor silicon wafers is projected to have a considerable CAGR of around 6.4% during the forecast period. Silicon semiconductor is an integral component of numerous microelectronic devices and is emerging as building blocks of the latest technology. These semiconductors are then used in electronic devices ranging from computers to consumer electronics, telecommunication products. The introduction of 5G technology has been a major driving force that is expected to bolster the sales of 5G smartphones.
The global market for process analyzer market is projected to have a considerable CAGR of around 8.1% during the forecast period. Process analyzers are electronic tools used for the examination of various industrial processes. They determine the chemical composition and physical properties of substances to enable process optimization and asset protection. They can also withstand harsh environments and extreme climatic conditions. Owing to these benefits, process analyzers are widely used in the chemical, oil and gas, petrochemical, and pharmaceutical sectors.
The global silicon capacitors market is anticipated to grow at a CAGR during the forecast period (2021-2027). The huge demand for silicon capacitors from electronic & electrical sector for high-speed digital circuits designing owing to their superior operating frequency range, long-term stability and temperature range, is the factor driving the market growth.
The global collimating lenses market is expected to grow at a CAGR of nearly 5.77% during the forecast period. (2022-2028). Collimating lenses are the optical lens used to convert divergent streams into parallel beams. The light can be collimated using a suitable lens and focal length. The lenses are made up of tubes with one or more lenses, which can be connected to an optical system using fiber or can be connected directly to the system for the transmission of parallel beams.
The global chip multilayer ceramic capacitor market is anticipated to grow at a significant CAGR of nearly 5.8% during the forecast period. The major factor that drives the growth of the market Include increasing demand of chip multilayer ceramic capacitor in the electronics market.
The global RF inductors market is anticipated to grow at a significant CAGR of around 5.4% during the forecast period. Radio Frequency (RF) inductors are a type of inductor that is specifically designed to be used in radio frequency and microwave applications. RF inductors are intended to manage radio frequency signals, that have a much greater frequency than alternating or direct current.
The global system on module market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. There are several drivers responsible for the growth of the systems in module market. One of the drivers of the market is the high adoption of embedded computers in industrial applications and the Internet of Things.
The global embedded antenna systems market is anticipated to grow at a significant CAGR of 13.7% during the forecast period. The major factors driving the growth of the market include rising adoption of embedded antenna systems in IoT, demand for smart antennas for remote working in the healthcare sector, rising prevalence of the internet along with the increase in smartphones users, and the advent of 5G technologies.
The ceramic capacitor market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. Rising demand and establishment of advance technologies such as AI, IoT, 5G connectivity and others, are expected to fuel the use of ceramic capacitor globally.
The global FM broadcast transmitter market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The international broadcasting transmitter market is fuelled by the developing broadcasting industry.
The global intelligent motor control centers (IMCC) market is growing at a steady rate and is estimated to witness a significant CAGR during the forecast period (2021-2027). Intelligent motor control centers or MCCs are a group of advanced communication technologies that are integrated with intelligent motor control devices.
The global base station antenna market is anticipated to grow at a significant CAGR of 16.9% during the forecast period. The factor that drives the global base station antenna market is the rising implementation of 5G infrastructures across the globe to enhance network service performance and user experience is likely to grow the demand for base station antenna. For instance, in February 2020, CommScope Inc., launched an enhanced small cell solution under its OneCell profile to support the 5G deployment of mobile operators. It includes connectors, small cells, antennas, and power solutions to boost the 5G rollout.
The global hybrid photonic integrated circuit market is expected to grow at a significant CAGR during the forecast period. Photonic integrated circuits (PIC) allow advanced optical systems to be combined into a small footprint.
Japan acoustic transducer market is estimated to grow at a significant CAGR during the forecast period. An acoustic transducer is an electrical device that contains mechanical or electrical energy from sound wave vibration.
The global gas discharge tube market is estimated to grow at a significant CAGR during the forecast period. Electrical injuries, which can occur as a consequence of lightning, low-voltage, or high-voltage damage, resulting in significant injuries and mortalities.
The global Schottky barrier diode market is estimated to grow at a significant CAGR during the forecast period. A Schottky barrier diode, also known as the Schottky diode, is a metal-semiconductor diode with a low voltage and high speed of switching.
The global electrical network analyser market is estimated to grow at a significant CAGR during the forecast period. As with most other electrical devices, a network analyser requires regular calibration, usually once a year and is accomplished in a calibration laboratory by a manufacturer or a third party.
The global night vision filters market is anticipated to grow at a significant CAGR during the forecast period. Night vision filter devices have been used since the World Wars because they aid in high-speed imaging and the identification of objects at a great distance. The market is increasing due to rising military spending and a growing need for technologically improved night vision gadgets.
The Global Incremental Rotary Encoder market is estimated to grow at a significant CAGR during the forecast period. An incremental encoder can convert the angular motion or position of a shaft into an analogue or digital code for the position or movement identification.
The global non-volatile memory express market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing adoption of NVMe in various hardware components such as SSDs, servers, and storage applications.
The market for VHF Marine Radio is expected to grow at a CAGR during the forecast period (2021-2027). Marine VHF radio is a two-way radio communication system used aboard watercraft and ships for ship-to-shore, ship-to-ship, and ship-to-aircraft communication.
The global market for multi gigabit Ethernet switches is expected to grow at a CAGR during the forecast period (2021-2027). A multi-gigabit Ethernet switch is a network device with several ports.
The global DSP Motor Controller Market is estimated to grow at a significant CAGR during the forecast period. A digital control system with a combination of microcontrollers and a digital signal processor is referred to as a digital signal processor (DSP) motor controller.
The global explosion-proof lighting market is anticipated to grow at a significant CAGR of around 6.7% during the forecast period (2021-2027). The explosion-proof lightings which are also known as hazards location lights designed to offer extensive illumination in the hazardous location where there are high chances of explosion.
The global DRAM market is anticipated to grow at a CAGR of around 8.3% during the forecast period. DRAM is a type of semiconductor memory or an electronic device used as a computer memory in which digital data is stored in form of small bits on the capacitors incorporated inside the integrated circuit board/chip.
The global market for semiconductor manufacturing equipment is projected to have considerable CAGR of around 8.4% during the forecast period. The major factor driving the market of semiconductor manufacturing equipment include the increasing semiconductor manufacturing coupled with rising application in various sector such as consumer electronics and automotive sector.
The insulated-gate bipolar transistor (IGBT) market is anticipated to grow at a CAGR of more than 8.0% during the forecast period. IGBT is a type of semiconductor which is utilized as an electronic switch device. It is also called as minority carrier device which aids faster switching rate and provides greater efficiency and is a cost-effective solution to replace Metal Oxide Semiconductor Field Effect Transistor (MOSFET) that is compatible with larger voltage and current.
The global fiber optics market is anticipated to grow at a CAGR of around 5.0% during the forecast period. The fiber optics industry is driven by the growing demand for high bandwidth communication fueled with rising demand for high speed and data internet services. In addition, the growing digitalization across emerging economies such as China and India is driving industry growth.
Global image sensor market is expected to grow with a CAGR of 8.2% during the forecast period of 2019-2025. Image sensor is a photosensitive device that changes light signals into digital signals. It detects and conveys the information that creates an image. It does so by converting the variable attenuation of light waves into signals, small burst of current that conveys the information.
The global scintillator market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. The major factors driving the demand for scintillators include the increasing number of nuclear power plant projects and the emerging demand for advanced radiation monitoring instruments in homeland security. Scintillators are successfully synthesized by controlled thermal polymerization of monomers, including vinyl xylene, styrene, and vinyl toluene, in the presence of an appropriate initiator and fluorescence additives.
The global metal finishing market is projected to have a significant CAGR of 4.6%, during the forecast period.The major factors propelling market growth include rising end-user industries such as automotive, electronics and others. Metal finishing modifies the surface or layer of a work piece to attain specific characteristics.
The global low noise amplifier market is anticipated to grow at a significant CAGR of 12.5% during the forecast period. The major factors contributing to the growth of the low noise amplifier market include the introduction and expansion of 4G & 5G technology across the globe. Moreover, increasing sales of portable devices, such as smartphones, tablets, and wearable devices, is further augmenting the global market growth. Development in self-driving vehicles and enhanced GPS connectivity is expected to create a significant opportunity for the low noise amplifier market. However, the high competition due to the presence of many high and medium-size firms is affecting the profit margin, which can be a restraint for the global market.
The global CMOS image sensors market is growing at a CAGR of 8.5% during the forecast period. The major factors that are augmenting the growth of the CMOS image market are growing advancements in CMOS sensor technology.
The grid-scale battery market is growing significantly at a CAGR of 20% during the forecast period owing to the growing demand for renewable energy resources.
Global mass flow controller market is growing at a modest CAGR of 6% during the forecast period. Devices used to control and measure the flow of liquid and gas is referred to as a mass flow controller. It is designed and calibrated to manage the flow of a particular liquid or gas at specific flow rates.
The global quantum dots market is anticipated to grow at a CAGR of around 24.1% during the forecast period. The global quantum dots market elucidates technological aspects to save energy and make processes efficient. The energy crisis is one of the major problems that the world is facing throughout.
The global market for lithium-ion battery is projected to have a considerable CAGR of around 14.6% during the forecast period. Lithium-ion batteries are rechargeable batteries in which lithium ions move from cathode to anode during discharge and back through an electrolytic solution when recharged.
Gallium Nitride Semiconductor Device Market is expected to grow at a considerable rate during the forecast period 2019-2025. Gallium nitride is emerging as a substitute for silicon in various semiconductor devices.
The global solar water pump market is expected to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). Solar water pumps are gaining prominence as they run on electricity generated by solar panels which results in relatively lower emissions.
The global scintillator market is expected to grow at a CAGR of 5.7% during 2017-2022. The material which shows luminescence property when excited by ionizing radiation is termed as scintillator material.
The global metal finishing processes market is growing at a considerable CAGR of around 4.4% during the forecast period. Metal finishing is a technique of changing the surface of the object to advance its appearance and durability.
The global high-performance data analytics market is expected to grow at
a CAGR of 21.8% during 2017-2022. The markets for intensive advanced
commercial data analytics and HPC (high-performance computing) have been
converting into one form, a growing fusion market which is known as
high-performance data analysis.
The low noise amplifier (LNA) market is expected to show an impressive
growth rate during the forecasted period. The major factors contributing
towards the growth of low noise amplifier includes introduction and
expansion of 4g & 5g technology across the globe.
The global biosensors market is anticipated to grow at a significant CAGR of 8.2% during the forecast period. Biosensors are devices, which are used for detecting an analyte and a physiochemical component to produce a measurable signal.
Image sensors market is a device that converts an optical image to an
electric signal. Majorly, there are two types of image sensors; Charged
Couple Device (CCD) and CMOS (Complementary Oxide Semiconductor).
Typically, when the light strikes the lens of the camera, the image
sensor captures the light and converts it into some electric signals and
transmits it to the camera or imaging devices processor, which
transforms the electric signal into a digital image.
The CMOS image sensor is projected to witness an impressive growth rate of approx 12% during the forecasted period 2016-2022. Rising adoption of handheld devices such as tablets and smart phones has led towards the development of smart sensing techniques along with diagnostic & remote monitoring ability.