The total market for advanced electronic materials is projected to increase from $27.6 million in 2010 and $30.7 million in 2011 to more than $5.5 billion in 2016 and almost $26 billion in 2021 at a compound annual growth rate (CAGR) of 36.3% for a period of five years, i.e., 2016 to 2021.
The market segment consisting of sensors and imaging equipment was $24.8 million in 2011 and is expected to increase to $869.2 million by 2016, a CAGR of 103.7%. This market is further projected to reach nearly $3 billion by 2021, a CAGR of 28.2% for a period of five years, i.e., 2016 to 2021.
The communication market segment was $4.2 million in 2011, which is expected to increase to $232.9 million by 2016, a CAGR of 123.2% for a period of five years, i.e., 2011 to 2016. This particular market is further projected to reach nearly $2 billion by 2021, a CAGR of 53.1% for a period of five years, i.e., 2016 to 2021.
According to an article in Nature Nanotechnology, "traditional [electronic] materials have been pushed to their limits, which means that entirely new materials...and new device structures are required. These materials and structures will probably allow MOS devices to remain competitive for at least another 10 years. Beyond this time frame, entirely new device structures (such as nanowire or molecular devices) and computational paradigms will almost certainly be needed to improve performance" (Vogel, 2007).
The 2011 edition of the International Technology Roadmap for Semiconductors (ITRS) identifies a set of applications that will require new materials with significantly improved properties to meet future technology requirements, enable increased density of devices and increase energy efficiency for computing and reliability. Based on these requirements, the ITRS identifies a number of emerging materials that have properties that could potentially meet these requirements, including III-V compounds, Ge, low-dimensional materials (e.g., carbon nanotubes [CNTs], nanowires, graphitic systems, nanoparticles), macromolecules, self-directed assembled materials, spin materials, complex metal oxides and selected interfaces.
The goal of this report is to survey emerging electronic materials technologies and applications, identify those that are most likely to achieve significant commercial sales in the next five to 10 years and develop quantitative estimates of potential sales. The report generally avoids futuristic speculation about technology applications that might be possible more than 10 years into the future, focusing instead on applications that are expected make it to market by 2021.
The report's specific objectives support this broad goal. These objectives include identifying the new electronics materials with the greatest commercial potential in the 2011 to 2021 time frame, identifying market drivers, evaluating obstacles to their successful commercialization and projecting their future sales.
This report is intended for marketing executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the electronic materials field is headed over the next five to 10 years
The report addresses the global market for new electronic materials during the period from 2011 through 2021. Electronic materials are those that are used to affect the electrons or their associated fields in a desired manner consistent with the intended function of the electronic system. Other materials used in electronic devices, such as thermal management or packaging materials, are not covered in this report. New electronic materials are those that are not yet in widespread commercial use or are still under development, such as:
The report format includes the following major elements:
The findings and conclusions of this report are based on information gathered from industry sources, including manufacturers and users of new electronic materials. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature and on-line databases.
BCC chose 2010 as the base year because at the time the report was prepared (i.e., in early 2012), complete year-end data for 2011 were not available from all sources. With 2010 as a baseline, market projections were developed for the years 2011 to 2016. These projections are based on a combination of a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail in along with the market projections.
Andrew McWilliams, the author of this report, is a partner at 43rd Parallel, LLC, a Boston-based international technology and marketing consulting firm. He is the author of a number of other BCC Research market opportunity reports on advanced electronics materials and technologies, including IFT066A Printed Electronics: The Global Market; NAN017F Nanostructured Materials: Electronic/Magnetic/ Optoelectronic; NAN036B Nanotechnology for Photonics: Global Markets; AVM075A Graphene: Technologies, Applications, and Markets; AVM066B Superconductors: Technologies and Global Markets; AVM067B Metamaterials: Technologies and Global Markets; AVM023D Smart Materials and Their Applications: Technologies and Global Markets; IAS029A Terahertz Radiation Systems: Technologies and Global Markets; SMC048A Semiconductor Microlithography: Materials and Markets; AVM025G Diamond, Diamond-Like and CBN Films and Coating Products; CHM045A Global Markets for Lithographic Chemicals; and SMC043B Electronic Chemicals and Materials: The Global Market.