Electronics and Semiconductor

The increase in usage of advanced technologies in industry verticals such as medical, IT & Communications, Industrial, and Transportation sectors is driving the growth of electronics and semiconductors industry worldwide. Internet of Things (IoT), Blockchain, autonomous vehicles, MEMS, factory automation, and virtual learning are some of the key areas of development that are leading the growth of global electronics a The increase in usage of advanced technologies in industry verticals such as medical, IT & Communications, Industrial, and Transportation sectors is driving the growth of electronics and semiconductors industry worldwide. Internet of Things (IoT), Blockchain, autonomous vehicles, MEMS, factory automation, and virtual learning are some of the key areas of development that are leading the growth of global electronics and semiconductor market.

As per the Semiconductor Industry Association (SIA), the global semiconductor sales reached US$ 439.0 billion in 2020 from US$ 412.3 billion in 2019, which showed an increase of 6.5%. Logic and memory products represented the largest revenue share of global semiconductor market in 2020 followed by microprocessors. Geographically, China remained the largest individual market for semiconductors in terms of sales, however, Americas stood out as the fastest growing region in terms of market growth in 2020. Despite the COVID-19 pandemic, the global semiconductor industry grew at a moderate pace owing to increasing demand of advanced chips and processors in diverse industry verticals.

The electronics industry is also showing strong growth prospects due to ever-increasing demand of consumer electronics products worldwide, growing trend of automation across industrial sectors, and favorable government initiatives to boost digitalization. Factory automation, 5G deployments, AR and VR, and remote technologies are some of the trending factors for the growth of global electronics industry.

The Insight Partners repository on “Electronics and Semiconductor” domain covers a wide range of market segments and offers 360-degree actionable business intelligence insights on all these segments. The key areas covered under this domain include: Chips, Processors, Memory & Storage, Displays, Lighting Solutions, Discrete Semiconductor & Materials, MEMS, Sensors, Consumer Electronics, Information Systems, Audio & Video Equipment, Battery & Charging Systems, Electronics Components, Security & Surveillance Systems, Communication Equipment, Robotic Systems, Navigation and Satellite Systems among many others.

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