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
Technavio has announced its latest market research report titled Global Semiconductor Materials Market 2023-2027
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
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