“Semiconductors are the foundation of all electronic devices we use on a regular basis. We have a clock and a microwave to help us get our work done. The day begins with a call to the mobile phone and a laptop, that make our workday possible—much of what we do rely on is fuelled by a semiconductor. Apart from the presence of semiconductors in our lives, new skills and strategies are expected of leaders to help them expand their businesses in ingenious approaches.”
Increasing emphasis on managing connected devices and rising efficiency of operations is expected to augment the market growth. Key players prevailing in the IoT industry are focusing on several initiatives, like the formation of OMA (Open Mobile Alliance), for standardizing frameworks. This has enhanced the growth of the segment. The need for real-time analytics, security of machines, and connected assets has resulted in the adoption of IoT device management. It aids in control and configuration, authentication, maintenance and software updates, and monitoring of connected gadgets.
The rising adoption of IoT (Internet-of-Things) semiconductors for several protocols has led to robust demand in the market. The continuous development in technology and the rising need for effective and efficient management of connected gadgets has resulted in the development of solutions like real-time solutions, data management solutions, and security analytics.
To begin with, with the rapid speed of IoT growth, semiconductor companies will benefit from newer developments in the technology value chain. They will gain popularity by offering integrated solutions that include hardware design, software, and systems integration for products and applications in addition to semiconductor solutions. Sensors, wearables, and networking technologies are becoming more digital, increasing demand for semiconductors.
In the IoT age, as the cloud economy becomes more commonplace, semiconductor companies must continue to innovate in order to accelerate communication across the IoT value chain. Chips with an ultra-small form factor, low power consumption, and wireless networking options will also be needed for IoT-connected products and applications. The semiconductor industry is driving MEMS/NEMS sensor platforms with the power advantages of lower technology nodes and increased flexibility on a single small form-factor die as the popularity of IoT sensor products such as smart watches and glasses, as well as smartphones and other wearable devices, grows.
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Major highlights of the market:
- NXP Semiconductors N.V., Samsung Electronics Co., Ltd., Intel Corporation, Qualcomm Incorporated, Texas Instruments Incorporated, Microchip Technology Inc., STMicroelectronics N.V., Cypress Semiconductor Corporation, NVIDIA Corporation, and Huawei Technologies Co., Ltd. are some of the major players in the sector.
- Rivet Networks LLC purchased Intel Corporation in May 2020. Intel's Wi-Fi services will be improved as a result of this purchase.
Investment by the Asia Pacific
Due to the pandemic that struck major economies in Asia-Pacific in 2020, investment growth slowed to 7.1 percent (YoY), down from 12.5 percent expected prior to Covid-19.
Personal and consumer facilities, transportation, and discrete industrial tools (all of which were significantly impacted by the pandemic) saw decreased IoT expenditures, which corresponded to a decline in overall IT spending.
With the recovery of economic activity in the region as a result of improved pandemic control, these industries' spending is expected to rebound in 2021 and achieve double-digit growth in the forecast period to 2025.
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Published by siya