Semiconductor Microelectronics Market
Microelectronics is filed of electronics. microelectronics works in manufacture of very small electronic designs and components. Generally, microelectronic devices are normally made from semiconductor materials. Many components of normal electronic design are same available in a microelectronic, including transistors, capacitors, inductors, resistors, diodes and (naturally) insulators and conductors can all be found in microelectronic devices. Semiconductors are vital technology enablers that power many of the cutting-edge digital devices currently we used.
The semiconductor sector's is driving due to increasing demand for consumer electronics. For instance, according to IBEF India is One of the largest rising electronics market in the world, by 2020, the electronics market in India is likely to increase with a CAGR of 24.4 per cent to USD400 billion from USD69.6 billion in 2012. In addition, the exponential growth in the sales of smartphones, laptops, LED screens and other electronics product, with reducing size, is a major factor driving semiconductors in microelectronic globally. Additionally, the technological development provides great opportunity to the market by used of semiconductor in the automotive sector and AI. Furthermore, the high cost of producing ever-smaller and powerful semiconductors, is major factor restraining the market growth.
The global semiconductor microelectronics market is segmented based of product type, application, and region. By product type the semiconductor microelectronics market is classified in to elementary material and compound material. The compound martial is expected to dominate the market share because numerous compound semiconductors, are available which are composed of two or more elements. Those are used in large spectrum of devices or application such factor is driving the growth target segment.
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