TechSci Press Release

Increased demand for microchips and the development of smart cities are expected to drive the demand for global semiconductor market for the forecast period. According to TechSci Research report,   “ Semiconductor Market  - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Integrated Circuits (Logic, Memory, Micro, Analog), Sensors, Optoelectronics, Discrete Semiconductors), By Process (Doping, Wafer Fabrication, Masking, Etching, Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer electronics, Industrial, Smart Grid, Gaming and Others) and By Region” , the global semiconductor market is expected to witness steady growth for the forecast period, 2022-2026. The development of wireless connected devices and the high demand for advanced consumer electronic devices are contributing to the market growth. The continuous rise in the population and rapid urbanization are fueling the demand for home applian...

Global semiconductor market is expected to grow with a steady CAGR for the forecast period, 2023-2027. The rise in the disposable income of consumers is increasing the affordability of consumers to buy quality products. Ongoing technological advancements around the globe and the rise in consumer awareness are contributing to the global semiconductor market growth. The surge in the consumption of consumer electronic devices such as notebooks, laptops, smartphones, gaming, wearables around the globe is fueling the market growth for the next five years. The rise in the implementation of the internet of things in prominent industry verticals is fostering the demand for connected devices and sensors to ensure effective communication and response between devices.   The development of the telecommunication industry and the expected roll-out of 5G technology to improve connectivity and provide fast internet connection across the globe is expected to propel the global semiconductor ma...