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“While demand is expected across all verticals, growth is particularly strong in the automotive sector. Indeed, the sector has become increasingly dependent on electronics (especially with electric vehicles and autonomous vehicles) for basic operation and performance enhancement,” said Prabhu KarunakaranIndustry Principal, Industrial at Frost & Sullivan. “As a result, the content and value of semiconductors will increase rapidly.”
Karunakaran added: Semiconductors are expected to play a key role in data center growth as complex data analysis for various markets such as finance and healthcare increasingly moves to the cloud. As a result, data center growth will create demand for several groups of solid-state devices, including power management and optical transceivers, as well as large-scale innovations in memory devices and flash to facilitate accelerated storage. »
Technological advancements and digital transformation initiatives across industry verticals present lucrative growth prospects for semiconductor device market players, including:
- Implementation of Industry 4.0 to reduce the gap between supply and demand for faster, holistic root cause analysis.
- Increase investment in research and development to improve the performance of SSDs, storage accelerators, and controllers throughout the design and manufacturing stages.
- Develop a wide range of products to meet the current and future demands of electric and audiovisual vehicles as the technologies of these vehicles evolve.
Global Semiconductor Devices Outlook, 2022 is the latest addition to Frost & Sullivan’s Industrial research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities to succeed in the unpredictable future.
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Global Semiconductor Devices Outlook, 2022
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