The High-Reliability Semiconductors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s High-Reliability Semiconductors
Global Market Report 2024, 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.
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.
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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
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 high-reliability semiconductors market report table of contents includes:
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. Global
High-Reliability Semiconductors Market Size and Growth
.
31. Global High-Reliability Semiconductors Market Competitive Benchmarking
32. Global
High-Reliability Semiconductors Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The High-Reliability Semiconductors Market
34.
High-Reliability Semiconductors Market Future Outlook and Potential Analysis
35.
Appendix
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