Electronic devices &semiconductors are critical technological enablers that power a large number oftoday's cutting-edge digital gadgets. Mobile devices, communications equipment,information technology, office automation (IT & OA), industrial machinery,cars, and a variety of other end-use sectors all have computer applications insome form or another, necessitating increased need for semiconductors. Emergingtechnologies like as autonomous driving, artificial intelligence (AI), 5G, andthe Internet of Things, together with steady R&D expenditure and rivalryamong important companies, are expected to propel the global semiconductorindustry forwards far into the next decade.With the Covid-19 epidemic drivingincreased demand for electronic gadgets, the world's electronics andsemiconductor industries predict a bright future.
Market Dynamics and Factors:
The use of safety-relatedelectronics technologies in the automobile industry has exploded. A spike indemand for different semiconductor devices in automobiles, such asmicrocontrollers (MCUs), sensors, and memory, would help automotivesemiconductor providers. In the coming decade, more semiconductor content willbe added to automobile electronics and subsystems due to automation,electrification, digital connection, and security. The major driver ofsemiconductor growth in consumer electronics will be head-mounted displays. Wearablesdevices and smart watches will also be new areas of growth. Other consumerelectronics markets, such as DVD and portable media players, will,nevertheless, experience significant decreases. As a result, the total growthin consumer electronics revenue will be modest.
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Market Segmentation:
On the basis of material type,the power electronics market can be classified into silicon, sapphire, siliconcarbide, gallium nitride, and others. Based on device type, the market issegmented into power IC, power module, and power discrete. According to applications,the market can be classified into power, ICT, consumer electronics, industrial,automotive, aerospace & defence, and others. Geographically, the globalmarket can be broadly divided into five regions mainly North America, Europe,Asia Pacific, and ROW.
Competitive Analysis:
KEY PLAYERS
· TexasInstruments
· QualcommInc.
· MitsubishiElectric Corp.
· Toshiba
· Hitachi
· FujiElectric
· RenesasElectronic Corporation
· ONSemiconductor
· STMicroelectronics
· MicrosemiCorporation
· ABB Ltd
Geographic Analysis:
On a regional basis,NorthAmerican consumer electronics industry is expected to develop steadilybecauseof the large number of internet users and the early adoption of smart householdelectric equipment& IOT Technology. The presence of important industry leaderslike as Apple, Google, Amazon, and General Electric, as well as significantexpenditures in R&D operations by numerous market participants, may becredited to the region's success.
The consumer electronics sectorin Europe has developed, and it is backed by a high-tech connectionenvironment. The trend of smart workplaces and smart homes is increasing demandfor consumer electronics goods such as smart TVs, smart refrigerators, smartair conditioners, and more as technology advances.The Asia Pacific area willcontinue to be the world's largest consumer of semiconductors. The primarycontributing component will be a growing share of Chinese items, which isboosting the expansion of the whole Asia Pacific market. Additional mergers andacquisitions will help the semiconductor industry develop in the future.
MEA Electronics &Semiconductor market will observe promising growth.Despite growing pressurefrom low oil prices and rising global economic uncertainty, MEA's retail salesactivity continues to expand, according to the research. Solid fundamentals,including as growing population and earnings, as well as a continuous stream oftourists to the emirate, are credited with the emirate's resiliency.
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