How innovations in semiconductor industry expanding?
Key Regional Segments within the Semiconductor Industry
The US is regarded as the Global leader
within the semiconductors market contributing to roughly 47% of the market
revenue generated annually. On studying the economic stance of this nation, it
is to be noted that the semiconductor vertical directly employs 277,000 people.
As per the multiplier effect, the overall employment generated by the semiconductor
industry through direct, indirect and induced employment is accounted to be
roughly 1.6 Million. Semi-conductors are one of the top 4 export segments
within the US after aircraft, refined oil and crude oil.
One of the key reasons for the growth in
the US Semiconductors market is the
increased investment in R&D. Roughly 1/5th of the earnings
generated from most verticals are invested into building a strong innovation
industry infrastructure to support the growth of the concerned market. An
investment of roughly USD 44 Billion was made in the year 2020 by the US. The
semi-conductor market experienced a supply shortage in the year 2020 owing to
the increased demand instilled by the pandemic.
Key Players within the Global SemiConductors Market
The top 5 companies within the Global
semiconductor industry include Intel
Corporation, Samsung Corporation, NVIDIA Corporation, and Texas Instruments
Incorporated, Broadcom Inc. The
company Intel generated a revenue worth USD 241.88 Billion in the year 2020,
while Samsung generated a sales value of USD 221.6 Billion. It is to be noted
that Samsung is headquartered in South Korea while the rest of the companies
reside within the US. The market presence of key players within the US vertical
is anticipated to drive the growth margins for this regional segment.
Expanding Value chain of
the semiconductor market
The introduction of android smart phones,
laptops and various other gadgets are some of the key technology based segment
that account for a major share of the value chain within this sector. The
increased reliance on technology over a day-to-day basis is one of the key
factors to propel the growth associated with this market. Other factors like
the rise in automation of Industrial equipment and machinery is anticipated to
be a key growth variable within the Semiconductor
industry.
On studying the value chain, another key
vertical within this market is noted to be Chip security and In-house chip
design. The growth in adoption of IoT
results in a consequential increase in cyber-attacks and threats posed to
information. Additionally, the increased use of gadgets leads to a rise in the
volume of data thus instating the requirement for enhanced data security. One
such notable instance took place in the year 2018 due to the Meltdown and
Spectre scandals which exposed chips to cyber-attack. This security breach led
to an increased demand for chip security.
Technologies and Innovation in Semiconductor industry
The innovation industry trends within the
Semiconductor industry are consistent with Moore’s Law which states that the
number of circuits on microchips double every two years. A variation of
semiconductor materials has proven to stand by this theory. The growth in
R&D investment within the semi-conductor market is one of the key drivers
within the same.
According to studies, scientists have been
revisiting Germanium as a semi-conductor material for its usage in transistor
fabrication. This is predominantly due to the high speed movement associated
with the free electrons within Germanium. Innovation industry suggests that the
free electrons within Germanium move 4 times faster as compared to that in
Silicon thus providing an opportunity to decrease the lag time within a
circuit. Some of the other materials presently under study include Tin oxide,
Graphene, Pyrite, etc.
Global
Market Database is your one-source destination
for all of your market
research needs. It covers the market Trends of innovation
in semiconductor industry. Login to the global market database and
access a 10-year market forecast, regional market forecast and top 20
country market analysis for the same. Register now and access 10 year
Global market forecast data for 5 markets free.
Read the full blog here: -
www.globalmarketdatabase.com/market-research-on-innovations-in-semiconductor-industry
Comments