The global semiconductor industry has been steadily evolving and growing. This growth has been fueled by a surge in demand for cutting-edge smart devices and related technological advancements
Fremont, CA: Semiconductors have become indispensable, and are now used in a wide range of industries, including defense, transportation, communications, consumer electronics, clean energy, aerospace, and automotive.
Aside from electronics, they aid in the operation of trains, the internet, ATMs, and various other forms of communication. They are even used in the medical system, from prescription filling to lab work completion. In practice, these small technological marvels assist us in making our lives more comfortable.
Top Five Trends in Semiconductor Industry
Communication via 5G
After gaining prominence, the world of 5G technology will create a huge impact on the global semiconductor industry. The 5G chipset enables faster information flow and processing. These ambitious integrated chipsets will be capable of transferring data at a rate ten times faster than 4G. In addition, semiconductors will meet new specifications in this unique ecosystem.
China's Market Dominance in the Semiconductor Industry
China's semiconductor industry revenue is expected to increase by 25% in 2019 to around USD 110 billion, up from an estimated USD 85 billion in 2018. China has dominated the global semiconductor industry in recent years.
The Internet of Things (IoT)
The industrial application of the Internet of Things (IoT) is expected to shake up the global semiconductor industry. It will provide semiconductor companies with a plethora of opportunities. Because of its capabilities, IoT, along with domains such as silicon photonics, has attracted a great deal of attention. As more IoT products hit the market, demand for semiconductor chips will rise.
Self-driving vehicles are the next big thing in the automotive industry, and they will operate with the help of semiconductor chips. Integrated semiconductor chips would perform different collaborative operations in next-generation automobiles. In addition, automotive semiconductors will support these autonomous vehicles for improved connectivity, improved sensors, battery performance in EVs, automation, and much more.
Artificial Intelligence (AI)
AI technology has seen widespread adoption in recent years, paving the way for businesses to plan for AI-integrated semiconductor chips. This will result in various benefits across various industries, such as lower operational costs, improved performance and increased manufacturing speed, increased efficiency and response time, and so on. As a result, the demand for AI-based applications and equipment will directly impact semiconductor growth opportunities.