NEW YORK, NOVEMBER 3, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “Indium Phosphide Wafer Market – Growth, Trends, Impact of COVID-19, Forecast (2022 – 2027)” – https://www.reportlinker.com/ p06360548/?utm_source=GNW
It can also generate laser signals and convert and identify those signals back into electronic form. They are used for corporate networks and data centers, long-range optical fiber links over long distances, wireless connections to 3G, 5G and LTE base stations, and satellite communications. Growth in such requirements is driving the market.
the main points
Indium phosphide wafers are increasingly being adopted in the manufacture of LiDAR for automobiles, 3D sensing, consumer wearable devices, and data growth in the telecom sector. This market is expected to lead during the forecast period. In addition, some of the major applications of InPince include 5G communications, data center communication that uses lights, lasers, lasers, optical fiber detectors, silicon photonics, radio frequency amplifiers, switches used in military communications, 5G communications, and infrared thermal imaging in health.
Electronic components known as optoelectronic devices detect and regulate light. They convert electrical information into infrared or visible energy and vice versa. It is used in photovoltaic power supplies, optical fiber communication systems, monitoring and control circuits and electric eyes. Photoelectric components are used in quantum cascade lasers and stimulated emission injection laser diodes. LED lights and image sensors are used in digital imaging systems, packaging, and safety applications.
According to the Ericsson Mobility Report published in November 2020, global mobile data traffic was estimated to reach around 51 EB (exabytes) per month by the end of 2020. This was expected to grow by a factor of about 4.5 to reach 226 EB per month in 2026. This figure is the mobile data that more than 6 billion people will consume using smartphones, laptops and many new devices simultaneously.
The semiconductor silicon wafer serves as the basis for the electronics industry and is the main component of many microelectronic devices. With the current developments in the technological landscape, electronic mobility and digitization, these items find use in a wide variety of devices. The need for additional capacity from a single device has also grown exponentially as a result of the need for small scale tools, boosting the price of a silicon wafer.
The COVID-19 pandemic has halted the manufacturing of many items in the semiconductor production equipment industry due to the ongoing lockdown in most regions across the world. Lockdown measures have slashed demand for consumer electronics, which has had a global impact on the semiconductor sector. The continued decline in global demand and export shipments of automobiles has negatively affected the semiconductor market, which is currently slowing the demand for semiconductor manufacturing equipment.
Major market trends
The consumer electronics sector is expected to be the main driver of the market
Wearable technology, an evolving trend, integrates electronics into everyday activities and addresses changing lifestyles with the ability to be worn on any part of the body. Factors such as the ability to connect to the Internet and the provision of options for exchanging data between the network and the device are driving the trend of wearable technology.
According to Cisco Systems, the number of wearable devices globally has doubled in three years, rising from 325 million in 2016 to 722 million in 2019. The number of devices is expected to exceed one billion by 2022.
Moreover, according to the Ministry of Internal Affairs and Communications (Japan), as of 2021, more than 7% of households in Japan own a wearable device. The prevalence of wearable devices in homes has increased steadily throughout the survey period (2014-2021), increasing from 0.5% in 2014 to 5% in 2020.
Rising rates of urbanization in various parts of the world have increased the demand for advanced and aesthetically appealing products that have the potential to better meet consumer requirements, such as multiple features in one device and timelines. Moreover, the massive millennial population around the world has been quick to adopt smartwatches, due to the increased ability to spend on keeping track of normal working hours and standards of luxury.
For example, according to Ericsson, the number of smartphone subscriptions worldwide has seen an increase from 5924 million in 2020 to 6259 million in 2021. The number is estimated to reach 7,690 million in 2027.
Moreover, according to Nokia’s annual Mobile Broadband Index 2022 report, the growing ecosystem of 4G-enabled devices is driving growth in 4G subscribers and data consumption. India recorded the highest ever shipment of over 160 million smartphones, including 30 million 5G devices, in 2021, with 4G-enabled active devices exceeding 80% and the number of 5G-capable active devices exceeding 10 million. The Nokia report also predicted that user adoption would increase to 60-75% of the smartphone user base by 2025.
Asia Pacific is expected to be the fastest growing market
The Asia Pacific region has a notable share of semiconductor foundries globally, with major companies such as TSMC and Samsung Electronics. Taiwan, South Korea, Japan and China have a large market share in the region. According to the Semiconductor Industry Association of America (SIA), the US share of installed global wafer manufacturing capacity continually declined from 1990 to 2020. During the same period, Asia experienced a spike in new semiconductor industry development to the point where it is now A large share of the world’s capacity.
China has a very ambitious agenda on semiconductors. Backed by $150 billion in financing, the country is developing the domestic IC industry and plans to produce more of its chips. Greater China, which includes Hong Kong, China and Taiwan, is a geopolitical hotspot. The US-China trade war is exacerbating tensions in a region where all the leading process technologies are located, forcing many Chinese companies to invest in semiconductor foundries.
China’s new Five-Year Plan 2021-2025, announced in March 2021, emphasized that strengthening basic research is a critical priority. Central government spending on basic research was expected to increase by 11% in 2021, well above the planned 7% for total investment in research and development and the 6% target for GDP growth. Semiconductors has been identified as one of the seven areas that will be given priority in terms of funding and resources. Companies involved in the design are developing nanometer-scale integrated circuits that perform the critical tasks that make electronic devices work, such as computing, storage, network connectivity, and energy management. Profit is estimated to more than double in 2021 due to strong demand for chips. China’s leading semiconductor foundry has committed a record amount to capacity development in 2022. This year, the International Semiconductor Manufacturing Corporation (SMIC) has committed $5 billion for capital spending, up from $4.5 billion in 2021.
China is getting very close to self-reliance in the production of 7nm chips. China has made breakthroughs in its 7-nanometer chip manufacturing process, reportedly developing tools and expertise for several segments of the manufacturing process amid efforts to reduce dependence on foreign equipment and material vendors.
The significant growth in research and partnerships boosts the rate of market growth. For example, LioniXInternational (LXI) and the Institute of Microelectronics of the Chinese Academy of Sciences (IMECAS) have agreed to expand the Photonic Integrated Circuit (PIC) platform partnership by actively supporting functions and offering both platforms. Important platforms in the PIC scene include silicon on insulator (SOI), indium phosphide (InP), and silicon nitride-based TriPleXplatform. These platforms are available through access to the Multi-Project Wafer (MPW).
The increasing presence of major manufacturers in the indium phosphide wafer manufacturing sector is expected to intensify competitive competition during the forecast period. Influencing the market are established companies, such as JX Nippon Mining & Metals Corporation and Powerway Advanced Material Co. Ltd, significantly over the market as a whole.
March 2022: Intel revealed its plans to create a new new website “Megafab” for the chip maker in Germany, with an expected investment of $88 billion in several European countries. Furthermore, in August 2021, ACM Research Inc. Its product Bevel Etch, which expands ACM’s overall offerings for wet tools, reduces the impact of edge fouling for subsequent processing steps and improves wafer manufacturing productivity.
February 2022: The Government of Canada announces a major investment in the Canadian semiconductor and photonics industries. The C$240 million investment will help cement Canada’s role as a world leader in photonics and will boost semiconductor development and manufacturing. More than 100 domestic and international semiconductor companies are engaged in microchip research and development in Canada. There are more than 30 applied research laboratories and five commercial facilities for areas including composite semiconductors, microelectromechanical systems (MEMS), and advanced packaging.
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