Overview of the semiconductor chip packaging market
Extensive research carried out by the analysts at Technavio has shown that the global semiconductor chip packaging market is anticipated to witness impressive growth and will post a staggering CAGR of more than 31% during the forecast period. With the augmented adoption of semiconductor ICs in automobiles, the demand for semiconductor chips has increased considerably in the recent years. A variety of semiconductor ICs is used in automotive products such as GPS, airbag control, anti-lock braking system (ABS), power doors and windows, infotainment, automated driving, and collision detection technology. The automotive product market is expected to grow significantly with the increase in car production, which will boost the demand for electronic devices. This will, in turn, indirectly trigger the demand semiconductor chip packaging during the forecast period.
One of the recent trends gaining traction in the market is the increase in the size of silicon wafers from 100 mm to 300 mm, over the last few decades. The shift to longer diameter wafers reduces the cost of manufacturing semiconductor ICs by nearly 20%-25%. This trend is expected to gather further momentum during the forecast period as companies are investing a substantial amount in the construction and upgrading of fabs to manufacture 300-mm wafers. Moreover, the
Overview of the global IR emitter and receiver market
Technavio’s market research analyst predicts the global IR emitter and receiver market to grow at a CAGR of more than 10% between 2017 and 2021. As IR emitters and receivers are a crucial part of the IR sensors, the high requirement for IR sensors will consequently generate demand for IR emitters and receivers. Rapid technological advancements have led to increased applications of IR sensors in the commercial markets such as automotive products, surveillance, testing, gas and fire detection, IR spectroscopy in healthcare, food, and agrochemical quality control, and other commercial vision applications. These sensors are also being used in home automation and consumer electronic devices. IR detectors are also used for centralized control of securing doors and windows, HVAC, lighting, electrical appliances, and controlling different consumer electronic devices like TVs, fans, air conditioners, DVD players, ovens, and others. Also, with the introduction of more advanced military equipment and up gradation of the existing detecting and tracking technologies, the demand for IR emitters and receivers will grow significantly during the forecast period.
The global IR emitter and receiver market is witnessing an increase in the development of uncooled IR sensors with pixels less than 100x100, at the affordable process to capture the larger market share. Vendors are coming up with equipment that will help in better product differentiation compared to their counterparts. For instance, OMRON has introduced a new IR detection equipment with
Overview of the global semiconductor production equipment market
Market research analysts at Technavio predict that the global semiconductor production equipment market will grow steadily during the next four years and post a CAGR of about 7% by 2021. This market research analysis identifies the increasing demand for hybrid vehicles and electric vehicles as one of the primary growth factors for this market. The increasing focus of several countries across the globe toward a greener environment and the introduction of advanced electric cars by major manufacturers such as Tesla Motors has led a rise in the demand for electric and hybrid vehicles. Since hybrid electric vehicles have more semiconductor content than a traditional vehicle, the demand for electric vehicles will boost the growth of the semiconductor manufacturing equipment market. Furthermore, the growing demand for hybrid electric vehicles will induce more companies to focus on manufacturing hybrid electric vehicles. This will, in turn, boost the need for customized semiconductor manufacturing machines aiding market growth.
The continuous trend of decreasing the size and increasing the density of semiconductor chips has increased the complexity of wafers, which, in turn, has led to a constant reduction in lithography wavelength. The further decrease in node size will make photomasks and wafers more complex, which will consequently propel the need for new semiconductor manufacturing equipment during the predicted period.
Competitive landscape and key
Overview of the global semiconductor micro components market
Technavio’s market research analyst predicts the global semiconductor micro components market to grow steadily at a CAGR of around 2% by 2021. One of the primary drivers for this market is the rise in the adoption of embedded digital signal processors (DSP) in the manufacturing of mobiles. The development of technology and emergence of very-large-scale-integration (VLSI) technology has created a demand for better processing. This rise in demand has subsequently led to the rapid adoption of DSPs. The constant requirement for better and efficient DSPs has resulted in the development of system on chip (SoC). SoCs integrate all essential chips including DSPs into a single chip. Moreover, the emergence of smartphones and the increasing requirement for better DSPs will also propel the growth of the semiconductor micro components market during the forecast period.
One of the latest trends gaining traction in this market is the increasing proliferation of Internet of Things (IoT). IoT connects all essential home devices to the internet. This includes car, TV, laptop, coffee maker, automated door locks, GPS-enabled pet trackers, wearable devices, and mobile phones, forming a network of connected devices. The key factor responsible for this high rate of market penetration is the sudden rise in the demand for instant and precise information. This demand, in turn, has created a requirement for many precise DSPs, which can calculate and fetch precise information in the limited time frame available. To align with the growing demand, cellular standards need to evolve to meet the requirements regarding low power and low cost of IoT components. In
Overview of the global e-beam wafer inspection system market
Technavio’s market research analyst predicts the global e-beam wafer inspection system market to grow steadily at a CAGR of over 20% by 2021. The constantly rising demand for semiconductor wafers is one of the key growth drivers for this market. The increase in the adoption of communication devices and consumer electronic equipment such as tablets, smartphones, wearables, LCDs, LEDs, and SSDs have resulted in the high requirement for superior quality semiconductors such as silicon-based wafers. Also, the rising popularity of several novel and emerging technologies such as M2M, IoT, UHD TVs, hybrid laptops, and vehicle automation is also driving the demand for semiconductor wafers. This recent increase in the demand for semiconductor wafers subsequently fosters the need for wafer inspection systems to keep a check on the process and quality of the wafers. Moreover, with the growing demand for miniaturized personal electronic products that consume less power, the use of advanced e-beam wafer inspection equipment will also increase in the coming years.
The electrification and automation of automobiles have resulted in the growing requirement for semiconductor wafers. Several types of semiconductor ICs are used in automotive products like airbag controls, global positioning systems (GPS), anti-lock braking systems (ABS), car navigation and display systems, and power doors and windows. Also, the use of infotainment, automated driving, and collision detection technology is used to accelerate the demand for semiconductor ICs during the forecast period, which, in turn
Global outlook of the resonators market
Technavio’s market research analysts predict the global resonators market to grow steadily during the forecast period and post a CAGR of more than 17% by 2021. This industry research report identifies the increasing demand for semiconductor clocks to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Electronic devices consist of different components that operate at different speeds. By ensuring that the faster components such as processors run at an equal speed of the other components such as chips, semiconductor clocks help maintain the flow in an electronic device, and in turn, ensure the proper functioning of the electronic device. This helps end-users overcome device lagging related issues, which has resulted in the increased integration of semiconductor clocks in electronic devices. Since semiconductor clocks use resonators embedded into them to keep track of device performance timings, the rising demand for semiconductor clocks will subsequently drive the growth of the market over the next few years.
Rapid advances in micro-electro-mechanical system (MEMS) technology will result in the introduction of innovative features such as low noise jitter, increased frequency stability, and reduced power consumption in MEMS resonators. The introduction of such features make these resonators more cost-effective and energy-saving, which will further drive the growth of the resonator market. Moreover, the complications involved with the integration of quartz crystals with oscillator ICs will lead to the increased adoption of MEMS oscillators for commercial applications such as semiconductor clocks.
Almost every step forward in technology today comes as a result of advancements in the semiconductor industry.
The semiconductor industry is one of the largest global industries, with implications in nearly every field. The ability to produce a device that is smaller, faster, and more functional than its predecessor completely depends on how far the semiconductor industry has progressed.