Market Research Report
Semiconductor Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||907495|
|Published||Content info||107 Pages
Delivery time: 2-3 business days
|Semiconductor Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: August 18, 2019||Content info: 107 Pages||
The global semiconductor materials market reached a value of US$ 52.4 Billion in 2018. Semiconductor materials have an electrical conductivity range between that of a metal and an insulator. As a result, they neither demonstrate the properties of a conductor nor an insulator. However, they acquire the potential of conducting electricity when they are exposed to light, heat, or voltage post the doping process. This process involves the incorporation of small amounts of impurities to pure semiconductors. Semiconductor materials are generally divided into two categories, namely, N-type and P-type. The N-type semiconductors have an excess of electrons, whereas the P-type materials have a higher positive charge. Semiconductor materials show variable resistance and they pass current easily in one direction.
Semiconductor materials represent one of the essential innovations in the electronics industry. This can be accredited to their high electron mobility, wide temperature limits and low energy consumption. By employing material such as silicon (Si), germanium (Ge) and gallium arsenide (GaAs), electronics manufacturers have been able to replace traditional thermionic devices that made electronic items heavy and non-portable. Consequently, these materials find vast applications in the manufacturing of different electronic components such as diodes, transistors and integrated chips. In addition to this, the availability of these small electronic components has further facilitated the production of miniaturized devices. Additionally, the industry is benefitting from the advent of the Internet of Things (IoT) and the growing demand for consumer electronics, such as smartphones, laptops and tablets. Looking forward, IMARC Group expects the market to reach a value of US$ 72.6 Billion by 2024, at a projected CAGR of around 5% during 2019-2024.
Historical, Current and Future Market Trends