BCC Research leads the way in providing data-driven insights, helping industry professionals understand complex markets. The 2024 Semiconductor Manufacturing Research Review features highlights and insights from the following key reports:
Chiplets are transforming the semiconductor industry. These tiny integrated circuits (ICs), also called die or chip-on-chip, perform specific functions within a system. In 2023, the global chiplets market was valued at $5.3 billion and is projected to grow to $42.8 billion by 2029, with an impressive CAGR of 41.9%. This rapid growth is fueled by advancements in high-performance computing (HPC), artificial intelligence (AI), and 5G technology.
Thin-film deposition equipment plays a crucial role in the semiconductor industry, supporting applications in power electronics and optoelectronics. The rising demand for power electronics is a key factor driving the growth of thin-film deposition. In 2022, the global thin and ultrathin films market was valued at $18.3 billion and is projected to reach $38.8 billion by 2028, growing at a CAGR of 13.5% from 2023 to 2028. This growth is fueled by increased spending on fabrication equipment, rising demand for compound semiconductors like gallium nitride (GaN) and silicon carbide (SiC), and the expanding use of epitaxial layers, further boosting thin-film deposition demand.
IoT chips are tiny but powerful integrated circuits (ICs) that enable data collection, processing, and transmission in smart devices. With the increasing adoption of IoT across industries, demand for these chips is growing. Wireless technologies like 5G are further transforming the market.
In 2022, the global IoT chip market was valued at $186.1 billion and is projected to reach $375.5 billion by 2028, growing at a CAGR of 14.3%. Key growth factors include the rise of connected vehicles and wearable devices, government support, R&D investments, and the integration of emerging technologies. Additionally, the rapid development of smart cities is fueling demand for advanced IoT chips.
High-speed data converters operate much faster than general-purpose converters, making them ideal for applications that require quick analog-to-digital signal conversion. These converters play a crucial role in modern technology, enhancing telecommunications, medical diagnostics, and automotive safety systems like ADAS and autonomous vehicles. Their advancements are paving the way for new possibilities in signal processing.
The global high-speed data converters market, valued at $3.1 billion in 2023, is projected to reach $4.2 billion by 2029, growing at a 5.4% CAGR. This growth is driven by rising demand in consumer electronics, medical imaging, and instrumentation.
Printed Circuit Boards (PCBs) are everywhere—inside smartphones, automobiles, and even industrial machinery. They come in all sizes, from tiny enough to fit a hearing aid to large enough to power a supercomputer. Whether rigid, flexible, or a mix of both, PCBs play a crucial role in modern electronics. As technology advances, so does the PCB industry, with innovations like 3D-printed and biodegradable PCBs addressing sustainability concerns while enhancing efficiency.
The global PCB market, valued at $67.9 billion in 2023, is projected to reach $92.4 billion by 2029, growing at a CAGR of 5.4%. This growth is fueled by the rising demand for autonomous and electric vehicles (AVs & EVs), the increasing use of consumer electronics and IoT devices, and the expansion of 5G networks. Additionally, trends like flexible and wearable electronics, shorter product life cycles, and the push for eco-friendly PCB manufacturing are set to create new opportunities for the industry in the coming years.
Conclusion
The semiconductor industry is undergoing a major transformation, fueled by technological advancements, strategic investments, and shifting market demands. The 2024 Semiconductor Manufacturing Research Review provides a comprehensive analysis of these trends, offering key insights into how the industry navigates challenges and seizes emerging opportunities. As innovation drives the future of AI, IoT, HPC, and next-generation electronics, semiconductor manufacturing continues to be the backbone of the digital revolution.
Learn More and Take Action:
Consider becoming a member of the BCC Research library and gain access to our full catalog of market research reports in your industry. Not seeing what you are looking for? We offer custom solutions too, including our new product line: Custom Intelligence Services.
Contact us today to find out more.
