PUBLISHER: BCC Research | PRODUCT CODE: 1663563
PUBLISHER: BCC Research | PRODUCT CODE: 1663563
The global market for thermal interface materials (TIMs) was valued at $3.9 billion in 2023, and it is expected to reach $6.8 billion by 2028, at a compound annual growth rate (CAGR) of 11.5% from 2023 through 2028.
The global market for microelectromechanical systems (MEMS) was valued at $28.5 billion in 2023, and it is expected to reach $41.5 billion by 2028, at a CAGR of 7.8% from 2023 through 2028.
The global market for 5G chipsets was valued at $30.1 billion in 2023, and it is expected to reach $72.0 billion by 2028, at a CAGR of 19.1% from 2023 through 2028.
The semiconductor industry is the foundation of modern-day electronics, powering everything from basic smartphones to advanced electric vehicles and industrial applications worldwide. The evolution of the semiconductor industry pertains to device miniaturization, the capability to operate under harsh and high-temperature environments, and rising emerging technologies such as 5G, artificial intelligence (AI), and the Internet of Things (IoT). Further, increasing demand for thermal management, micro-electromechanical systems (MEMS), and advanced semiconductor materials such as gallium nitride and silicon carbide are propelling the market growth as devices become more complicated and power dense.
The demand for semiconductors is accelerating with the advent of electric vehicles and industrial automation applications that require semiconductor devices to work reliably at high temperatures. The performance and reliability of semiconductors will play a critical role in the future, as semiconductor devices will be more exposed to extreme temperature environments where traditional silicon-based devices do not work efficiently.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2023 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2023:
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence, providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.