Global Semiconductor Micro Components Market 2017-2021
About Semiconductor Micro Components
Semiconductor micro components are an important part of all the electronic devices. Their adoption is directly proportional to the number of electronic devices being sold. The increased popularity of IoT has led to the need of powerful electronics, which in turn has led to the demand for powerful processors. Local processing capability is most often provided by microcontrollers, hybrid microcontrollers/microprocessors, or integrated microcontroller devices, which can provide real-time embedded processing that is a key requirement for most of the IoT applications.
Technavio’s analysts forecast the global semiconductor micro components market to grow at a CAGR of 1.96% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global semiconductor micro components market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of semiconductor micro components.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Semiconductor Micro Components Market 2017-2021
Technavio recognizes the following companies as the key players in the global semiconductor micro components market: Intel, Qualcomm Technologies, Samsung Semiconductor, AMD, Texas Instruments, Analog Devices, and Fujitsu Semiconductor
Commenting on the report, an analyst from Technavio’s team said: “IoT is the latest trend in the global technology arena. IoT connects all essential home devices to the Internet. This includes car, TV, laptop, coffee maker, automated door locks, GPS-enabled pet trackers, wearable devices, and mobile phones, forming a network of connected devices.”
According to the report, the global microprocessor market is highly dependent on the semiconductor industry, which, in turn, is dependent on the sales of various electronic devices such as smartphones, tablets, and wearable computers. Since 2013, the number of electronic devices introduced in the market has increased considerably. This has led to a rise in the need for semiconductor microprocessors, as manufacturers are continuously increasing their product portfolios to remain abreast of the ongoing competition. This has led to a rapid technological transformation, increasing the demand for microprocessors, and, therefore, driving the market.
Further, the report states that with improved technology and emergence of compact devices, such as smartphones, tablets, and wearable technologies such as smart watches, the demand for small sized DSPs is increasing. Hence, due to miniaturization, vendors need to constantly update their offerings with more advanced and compact DSPs to suit the consumer requirements. This requires the vendors in the market to invest a huge amount of money in procuring expensive equipment to manufacture smart and intelligent systems. Also, vendors have to increase their budgets to produce these intelligent systems. Rapid technological advances are forcing the market vendors to increase their investments in the manufacturing of intelligent systems, which can reduce their profitability.
Intel, Qualcomm Technologies, Samsung Semiconductor, AMD, Texas Instruments, Analog Devices, Fujitsu Semiconductor.
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