Press release

Global Semiconductor Market 2019-2023 | 9% CAGR Projection Over the Next Five Years | Technavio

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The global semiconductor market is expected to post a CAGR of close to
9% during the period 2019-2023, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global semiconductor market from 2019-20 ...

Technavio has published a new market research report on the global semiconductor market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global semiconductor market is
the rising adoption of semiconductors ICs in automobiles. The
integration of semiconductors is being viewed as a key component for
technological advancements by automotive manufacturers. In addition,
several other developments in the automotive sector including the
autonomous vehicles, wireless charging, EVs, and computer-based testing
will drive the need for semiconductor components. Therefore, the
increasing integration of advanced systems such as collision warning
system, smart cameras, and autonomous braking system, will boost the
demand for semiconductor ICs during the forecast period.

As per Technavio, the emerging semiconductor packaging technologies will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
semiconductor market 2019-2023
research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.

Global semiconductor market: Emerging
semiconductor packaging technologies

The demand for advanced level packaging that helps to reduce node size
and supports large volume production has compelled the development of
various packaging technologies. In addition, the emergence of 3D ICs has
also increased the investments in packaging technologies. Several
semiconductor packaging technologies are increasingly being developed
and used by IDMs and OSATs to allow semiconductor manufacturers to
improve the scale of production. Thus, the emergence of advanced
packaging technologies will complement the growing quality and
production scale requirements of semiconductor manufacturers during the
forecast period.

“There has been an increasing adoption of wafer-level packaging (WLP)
and wafer-level chip-scale packaging (WLCSP). Finer patch pad, nanoscale
patterning, FinFET fabrication, SIP fabrication, and SOP fabrication are
some of the key advantages associated with the advanced packaging
technologies. Thus, the dominance of these technologies as opposed to
the existing technologies is expected to increase during the forecast
says a senior research analyst at Technavio.

Global semiconductor market: Segmentation

This market research report segments the global semiconductor market by
product (ICs, optoelectronics, discrete semiconductors, and sensors) and
geographic regions (APAC, Americas, and EMEA).

APAC led the market in 2018, followed by Americas and EMEA respectively.
The market growth in APAC can be attributed to the presence of many
end-users including consumer electronics, data centers, automotive, and
capital equipment manufacturers. Another key factor driving the
semiconductor market growth in the region is the rapid growth of the
smartphone market.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
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spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
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opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

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