Wilmington, Delaware, United States, June 16, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The Advanced Materials for Electronics Market is predicted to reach US$ 57.8 billion by 2031. According to market forecasts, the market is expected to grow at a CAGR of 7.4% through 2031.
Electronics that are printed and flexible continue to grow at a fast rate. Along the value chain, energy and resource efficiency can be significantly increased through new technological approaches to both production and product design.
Electronics are undergoing constant reorganization to meet changing consumer demands, which results in continuously evolving technologies, materials, and business models. Innovations in the technology industry have been stimulated by the growing need for miniaturized and improved capacity computers and networks, faster data transmission speeds, and most importantly, sustainable technologies.
For instance, a new high-speed broadband standard protocol for digital subscriber lines (DSL) was approved by the International Telecommunication Union (ITU) in December 2014. It is referred to as G.fast for local loops under 500 meters that support uploads and downloads at 150 Mb/s to 2 Gb/s. A local loop's length determines how fast G.fast can transmit data. It is mandatory in G.fast to have an asymmetry ratio of 90/10 to 50/50 between downstream and upstream
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Key Findings of Market Report
- Electronics are expected to grow in popularity as environmental regulations become stricter and consumers become more interested in electronics.
- The advanced materials market will reap the benefits of increased demand for silicon carbide (SiC).
- The adoption of artificial intelligence and technological advancements are likely to grow the demand for advanced electronic materials.
- As flexible batteries are compact and flexible, demand for advanced materials for electronics will increase.
- Quantum dots will likely grow in demand due to the increasing demand for televisions and smart devices with low display costs and high energy efficiency.
Global Advanced Materials for Electronics: Growth Drivers
- Increasing investments in emerging technologies and the rapid growth of the smartphone and consumer electronics markets are driving the demand for advanced materials. A large number of advanced materials have been developed over the past few decades, including advanced semiconductors, ceramics of high performance, nanomaterials, electronics that are flexible and printable, and organic electronics.
- With the increasing demand for high-performance electronic components, miniaturization, and technological advancements in areas such as 5G technology, the Internet of Things (IoT), artificial intelligence (AI), and autonomous vehicles, the demand is expected to grow. The demand for advanced materials is high, including advanced semiconductors, flexible and printed electronics, and advanced polymers and nanomaterials.
- Research organizations and laboratories are rapidly transforming organic electronics into industrial applications. As a consequence of technological advancements at low costs, the organic electronics market is growing rapidly. A wide range of electronic devices, renewable energy systems, and the Internet of Things use advanced materials such as advanced polymers, high-performance metals, and advanced ceramics
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Global Advanced Materials for Electronics: Regional Landscape
- As Internet service providers have rolled out ultra-fast fixed broadband, market players have adopted this approach to gain a competitive edge and take advantage of potential growth opportunities.
- The North American region is home to major technology hubs, including Silicon Valley in California, which drive innovation and advanced electronics.
- The Asia Pacific region is the largest and fastest-growing market for electronics worldwide.
- China, Japan, and South Korea are strong players in the electronics industry, including the manufacture of electronic components, semiconductors, and consumer electronics.
- Automotive, aerospace, and healthcare industries are driving the demand for advanced materials in Europe due to factors such as energy efficiency and sustainability.
Global Advanced Materials for Electronics Market: Key Players
Several large and medium companies dominate the global electronics industry's advanced materials. In 2022, more than 40%-45% of the market share was controlled by the top few players.
A few of the most notable advanced materials for electronics players are those following the latest market trends, focusing on technological innovations, acquiring businesses, restructuring financials, and investing in the industry. Additionally, they focus on expanding capacity and acquiring companies to gain a global presence.
- In June 2023, Nidec Corporation and Renesas Electronics Corporation will collaborate on developing semiconductor solutions for EV drive motors and power electronics for next-generation E-Axles (X-in-1 systems).
- In June 2023, Renesas Electronics Corporation completed the acquisition of Panthronics AG, a high-performance wireless semiconductor company specializing in chip manufacturing without fabs. The 13 'Winning Combination' solution designs demonstrate Renesas' continued expansion, especially in the connectivity market, through the combination of its products with Panthronics' unique Near-Field Communication (NFC) technology.
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Global Advanced Materials for Electronics Market: Segmentation
Type
- G.fast chipset
- Quantum dots (QDs)
- Flexible Battery
- Graphene
- Silicon Carbide (SiC)
- A three-dimensional integrated circuit (3D IC)
- Carbon Nanotubes
- Smart Glass
- Biochip
By Application
- Photovoltaic Cells
- Displays
- Touch Screens
- Sensors
- Semiconductors
- Wearable Electronics Devices
- Others
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
About Transparency Market Research
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