Press release
High-Reliability Semiconductors Global Market Report 2024 - By Size, Share, Demand, Growth, Outlook By 2033
High-Reliability Semiconductors Market
The Business Research Company offers in-depth market insights through High-Reliability Semiconductors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The high-reliability semiconductors market size has grown strongly in recent years. It will grow from $3.84 billion in 2023 to $4.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to aerospace and defense demand, medical device applications, automotive safety requirements, industrial automation needs, telecommunications infrastructure expansion.
The high-reliability semiconductors market size is expected to see strong growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rise in internet of things (iot) devices, renewable energy applications, advancements in medical technology, expansion of electric vehicles (evs), increased complexity in aerospace systems. Major trends in the forecast period include strategic partnerships for supply chain resilience, enhanced testing standards for high-reliability applications, development of wide-bandgap semiconductors, emphasis on long-term reliability and product lifecycle management, sustainability practices in semiconductor manufacturing.
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Market Segmentation:
The high-reliability semiconductors market covered in this report is segmented -
1) By Type: Discrete, Analog, Mixed
2) By Technology: Surface Mount Technology, Through Hole Technology
3) By Packaging Material: Ceramic, Plastic
4) By Application: Aerospace, Defense, Automotive, Other Applications
Major Driver - Surge In High-Reliability Semiconductors Market Within The Aerospace Sector
The increasing investments in the aerospace sector are expected to propel the growth of the high-reliability semiconductors market going forward. The semiconductors are used to manufacture a wide range of devices and systems, including avionics, engine and flight control systems, safety gear, communication and navigation systems, and missile systems. The increasing investment in aerospace is one of the major factors for the growth of high-reliability semiconductors in the future. For instance, in August 2022, according to an article published by Investment Monitor, aerospace FDI (foreign direct investment) grew by 28% in 2021. FDI Projects Database showed that there were 69 projects in aerospace in 2021, up from 54 the year before. Therefore, the increasing investments in the aerospace sector are driving the growth of the high-reliability semiconductors market.
Competitive Landscape:
Major companies operating in the high-reliability semiconductors market report are Infineon Technologies AG, Digitron Semiconductors, Microsemi Corporation, Semicoa Corporation, Semtech Corporation, Skyworks Solutions Inc, Teledyne Technologies Inc., Testime Technology Limited, Texas Instruments Incorporated, Vishay Intertechnology Inc., KCB Solutions LLC, Toshiba Corporation, ROHM Group, Thermo Fisher Scientific Inc., Eurofins Scientific, Amkor Technology Inc., NXP Semiconductors USA Inc., Intel Corp., QUALCOMM Inc., GLOBALFOUNDRIES Inc., Samsung Austin Semiconductor LLC, Advanced Micro Devices Inc., Analog Devices Inc., L3Harris Technologies Inc. ISR Systems, Kyocera Corporation, Enphase Energy, QIAGEN NV, Eaton Corporation plc, Sumitomo Electric Industries Ltd., Taiyo Yuden Co. Ltd.
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Top Trend - Online Visibility In The High-Reliability Semiconductors Market
Focus on online visibility is a key trend gaining popularity in the high-reliability semiconductors market. Companies operating in the high-reliability semiconductors market are adopting online visibility tools to sustain their position in the market, for instance in September 2021, Microwave Techniques LLC, a US-based microwave technology company launched a new website with a focus on high-power semiconductor components such as circulators and isolators. Visitors can find new product information, updated product data, and the most recent details about the capabilities and products on the new website.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. High-Reliability Semiconductors Market Characteristics
3. High-Reliability Semiconductors Market Trends And Strategies
4. High-Reliability Semiconductors Market - Macro Economic Scenario
5. High-Reliability Semiconductors Market Size And Growth
…..
27. High-Reliability Semiconductors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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