LONDON--(BUSINESS WIRE)--Technavio projects the global semiconductor glass wafer market to post a CAGR of more than 6% during the forecast period. The emergence of advanced and compact consumer electronic devices is a key driver, which is expected to impact market growth.
Consumer electronic devices have witnessed a massive transformation over the last five years. Feature phones have been replaced by smartphones, PCs by laptops, and now laptops are being replaced by tablets. Cathode ray tube (CRT) TVs are being replaced by light-emitting diode (LED) TVs and organic LED (OLED) TVs. Due to increase in unit shipments of tablets and smartphones over the last five years, the demand for ICs (including MEMS devices and CMOS image sensors) used in these devices is on the rise. As semiconductor glass wafers are integral to ICs, rising demand for ICs will generate strong demand for semiconductor glass wafers over the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the growing proliferation of IoT and connected devices as one of the key emerging trends to drive the global semiconductor glass wafer market:
Growing proliferation of IoT and connected devices
IoT is a network of interrelated computing devices comprising mechanical and digital machines or objects that possess the ability to transfer data over a network without human-to-computer interaction. More than 30 billion IoT devices, generating about 50 trillion GBs of data, are expected to be connected through IoT by 2022. IoT enables devices to collect data using sensors and actuators and transmits data to a centralized location on a real-time basis, which empowers the user to take an informed decision. Thus, the adoption of IoT is increasing in several market segments, such as consumer electronics, automotive, and medical.
According to a senior analyst at Technavio for semiconductor equipment research, “Sensors and MEMS are an integral part of IoT devices and are manufactured from semiconductor glass wafers. It is projected that a total of one trillion sensors will be produced in 2020 to support the demand for IoT devices. This will require a significant production of semiconductor glass wafers, which can be met by several fabs. Growing applications of IoT will drive the construction of fabs.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global semiconductor glass wafer market by application (consumer electronics, automotive, industrial, aerospace and defense, and others) and key regions (the Americas, APAC, and EMEA).
The consumer electronics segment accounted for the largest share of the market in 2017, followed by the automotive segment. However, the market share of the electronics segment is expected to decrease over the forecast period while that of the automotive segment will increase.
In 2017, the global semiconductor glass wafer market was led by APAC with a market share of more than 67%. The region was followed by the Americas and EMEA. APAC is expected to further increase its market share over the forecast period due to the strong presence of electronics manufacturers. The presence of numerous foundries and OSATs in China, Japan, South Korea, and Taiwan is also contributing to the growth of the market in APAC.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all
non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.