Automotive semiconductor market is expected to grow at a CAGR of 12% during the forecast period of 2022 to 2030. In spite of the shortage of automotive semiconductors around the world, it is anticipated that the market revenues will surpass $115 billion by 2030 from $36 billion in 2020.
It is anticipated that the global market for automotive power semiconductors will expand at a compound annual growth rate (CAGR) of 5.5% during the forecast period, of 2022 to 2030. Strict regulations, the rising cost of transportation as a result of supply chain distortion, and a reduction in production activities due to Covid 19 caused the market growth of automotive power semiconductor components to significantly slow down.
The global ultracapacitor market was valued at US$ 2.24 Bn in the year 2021 and is expected to reach US$ 11.73 Bn by the year 2030, expanding at a CAGR of 16% during the forecast from 2022 to 2030. Ultracapacitor is an electrostatic energy storage device that stores energy by polarizing the electrolytic solution.
The global optocoupler IC market is expanding significantly, anticipated to surge at a CAGR of 5.9% during the estimated period from 2022 to 2030, starting from US$ 2.05 Bn in 2021. The optocoupler IC market is majorly driven by the rapid increase in the adoption of electric vehicles worldwide and the growing penetration of smart home devices. In 2018, the global smart home market was valued at around US$ 80 Bn and expected to grow with a CAGR of approximately 15% in years to come.
The global multi-parameter patient monitoring equipment (MPME) market is increasing competently, expected to grow at a CAGR of 5.8%. Multi-parameter patient monitoring equipment is essentially used for monitoring patient’s health in real-time. The high-end multi-parameter models are in demand globally, which include all the major vital signs offering connectivity options to the central monitoring area. Human vital parameters include blood pressure heart rate, oxygen saturation, and respiration rate.
Globally, the smartphone sensors market is expected to grow with a CAGR of 5.60% during the forecast period from 2022 to 2030 and had registered a market value of US$ 53.38 Bn in 2021. Smartphones sensors are defined as the sensing device which are integrated in smart phones for collecting data based on different parameters and application with the help applications installed with a smartphones.
The global flexible printed circuit boards market was valued at US$ 22.19 Bn in the year 2021 and is expected to reach US$ 41.34 Bn by 2030, expanding at a CAGR of 10.6% during the forecast from 2022 to 2030. The shift in consumer preference for miniaturized and pocket equipment has significantly flourished the demand for Flexible Printed Circuit Boards (FPCBs). The technology offers about 70% of the total cost reduction in electrical interconnection and reduces nearly 75% of the wiring and cable applications.
The global air conditioning and refrigeration compressors market was valued at US$ 22.96 Bn in 2021 and is expected to expand at a CAGR of 3.7% throughout the forecast period from 2022 to 2030. Air conditioning and refrigeration compressors is a key component of any air conditioning and refrigeration systems, from a small mini-split air conditioner to the largest commercial system.
The non-contact temperature sensors market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027. Non-contact temperature sensors, also known as non-contact thermometers, are built using sensing elements that do not contact with the measured object. These sensors are used to ascertain the temperature of objects having rapid temperature changes or constant motion.
Globally, the semiconductor assembly and testing services (SATS) market is expected to grow with a CAGR of 5.3% during the forecast period from 2022 to 2030 and has a market value of around US$ 30.43 Bn in 2021. Semiconductor assembly and testing services (SATS) is defined as the process of assembling and testing of various electronic equipment before dispatching the final product to the user.
Semiconductors Market Research Reports
The worldwide market for semiconductors has been displaying an upward trend since year 2011. The integrated semiconductors section consisted a major part of the share in year 2011 with eighty percent of the universal market share. As per the market research analysis and approximations it has been projected that by the end of the year 2015, the semiconductors market will earn a total revenue of about 449 billion US dollars.
A major part of the growth in the semiconductors industry sector will be driven by growing recognition of other items like televisions, smart phones, medical equipments, set top boxes, automotive devices, microwaves and computing instruments among others. The demand for these items and equipments will be the utmost in the fast evolving markets of Latin America and Asia- Pacific, naturally propelling the product demand from semiconductors industry.
Semiconductor arrangement/mechanism form an essential part of different electronics devices, telecommunication equipment and electrical systems. The past few years have observed tremendous accomplishments in the semiconductors sector with these parts becoming tiny/miniature .They occupy less space and provide efficient functionalities with more distinct features. The development and expansion of wireless and mobile technologies has boosted the demand for semiconductors, semiconductor devices and its parts.
Many big industries and small firms have invented new automobile appliances, applications in telecommunication, defense applications and weaponry. Semiconductors have been an essential integral part of these new applications.
Acute Market Reports possesses a detailed list of market research reports on the semiconductors market. These reports provide you a comprehensive analysis and acute study of the emerging trends of market, possible market challenges, available opportunities and its future market growth potentialities.
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