NEW
YORK, Oct. 19, 2023 /PRNewswire/ -- The
Semiconductor Materials Market report has been added to
Technavio's offering. With ISO 9001:2015 certification,
Technavio has proudly partnered with more than 100 Fortune 500
companies for over 16 years. The potential growth difference for
the semiconductor materials market between 2022 and 2027 is
USD 19.25 billion. Get
deeper insights into the market size, current market scenario,
future growth opportunities, major growth driving factors, the
latest trends, and much more. Buy the full report here
Growing demand for automotive electronics drives the
semiconductor materials market. Various technologies that enhance
safety, connectivity, and efficiency are enabled by
semiconductor materials. Along with this, the overall driving
experience as vehicles becomes increasingly digital and
interconnected. Furthermore, factors like the development of
self-driving vehicles majorly depend on advanced sensors,
cameras, lidar, radar, and high-performance computing depends on
semiconductor materials. Hence, such factors drive the
semiconductor materials market during the forecast
period.
- Market Challenge - The high initial investment
challenges the growth of the semiconductor materials market. The
high investment cost is associated with research, development,
and production of semiconductor materials. The
production involves significant costs, including the expenses
for manufacturing facilities and specialized equipment such as CVD
and etching machines. Hence, such factors impede the growth of
the semiconductor materials market during the forecast
period. Learn about additional key drivers, trends, and
challenges available with Technavio. Read a FREE Sample PDF Report
Now
The semiconductor materials market is segmented by Product (Fab
materials and Packaging materials), Application (Consumer
electronics, Manufacturing, Automotive, Telecommunications, and
Others), and Geography (North
America, Europe, APAC,
Middle East and Africa, and South
America).
- By product, the fab materials segment will be
significant during the forecast period. Semiconductor
fab materials play a crucial role in constructing the complex
structures and functions found in modern electronic devices and are
used in the manufacturing processes to assemble integrated
circuits (ICs) and other electronic components.
Furthermore, new possibilities and requirements for
semiconductor materials are envisaged by the advancement of
technologies like 5G, artificial intelligence (AI), autonomous
vehicles, and renewable energy systems. Hence, owing to such
factors, the fab materials segment of the semiconductor market is
estimated to grow during the forecast period.
- By region, North America is estimated
to contribute 39% to the growth of the global market
during the forecast period. View a FREE Sample
Report for insights into the contribution of all the segments
and regional opportunities in the report.
Key Companies in the semiconductor materials market:
Amkor Technology Inc., ASE Technology Holding Co. Ltd., BASF SE,
ChipMOS TECHNOLOGIES INC., DuPont de Nemours Inc., Henkel AG and
Co. KGaA, Heraeus Holding GmbH, Hitachi Ltd., Indium Corp., Intel
Corp., JSR Corp., Kyocera Corp., LG Electronics Inc., MITSUI and
CO. LTD., Nippon Steel Corp., Photronics Inc., Powertech Technology
Inc., Samsung Electronics Co. Ltd., Taiwan Semiconductor
Manufacturing Co. Ltd., Texas Instruments Inc.
Related Reports:
The semiconductor market size is estimated to grow
at a CAGR of 5.09% between 2022 and 2027. The market
size is forecast to increase by USD 168.3
billion.
The semiconductor packaging materials market size is
estimated to grow at a CAGR of 6.06% between 2022
and 2027. The market size is forecast to increase
by USD 10,158.72 million.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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