How does the market for semiconductors and other electronic components work to reduce energy consumption?
Global Semiconductors and Other Electronic Components Market Report by The Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, March 8, 2022 /EINPresswire.com/ — TBRC’s analysis of the semiconductor and other electronic components market shows that companies around the world are looking to improve their competitiveness by increasing their investments in green semiconductors. The trend is mainly aimed at reducing power consumption as well as limiting data usage. For example, Samsung’s green DRAM is DDR4, which has reduced operating voltage and doubled bandwidth compared to DDR3. Samsung’s DDR4 offers 40% increased performance and up to 15% lower power consumption compared to DDR3. The Korean tech giant also plans to develop magnetoresistive random-access memory (MRAM) and phase-change memory (PRAM) as next-generation green memory solutions. For example, some of the major companies manufacturing green semiconductors include Samsung Electronics Co. Ltd, Intel Corporation, and QUALCOMM Inc.
According to the Semiconductors and Other Electronic Components Market Research, Asia-Pacific was the largest region in the Semiconductors and Other Electronic Components Market in 2021. North America was the second largest region of the semiconductor and other electronic components market. Regions covered in the Semiconductor and Other Electronic Components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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The global semiconductors and other electronic components market size is expected to grow from $0.96 trillion in 2021 to $1.04 trillion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The growth of the Semiconductor and Other Electronic Components market is primarily driven by the reorganization of business operations and recovery from the impact of COVID-19, which earlier led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $1.38 trillion in 2026 at a CAGR of 7.3%.
The major players covered in the global semiconductors and other electronic components industry are Samsung Electronics Co. Ltd., Taiwan Semiconductor Mfg. Co ltd, SK Hynix Inc, Qualcomm, Micron Technology Inc, LG Display Co Ltd, Intel Corporation, Hon Hai Precision Industry, Broadcom Ltd and Advanced Semiconductor Engineering Inc.
The global TBRC Semiconductors and Other Electronic Components market report is segmented by Type into Semiconductors and Related Devices, General Electronic Components, by Application in Automotive, Manufacturing, Others, by Sales Channel in OEM, aftermarket, by online, offline mode.
Global Semiconductors and Other Electronic Components Market Report 2022 – By Type (Semiconductors and Related Devices, General Electronic Components), By Application (Automotive, Manufacturing), By Sales Channel (OEM, Aftermarket), By mode (online, offline) – Market Size, Trends, And Global Forecast 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the global semiconductor and other electronic components market , forecasts the global Semiconductors and Other Electronic Components market size and growth for overall market, Semiconductors and Other Electronic Components market segments, geographies, Semiconductors and Other Electronic Components market trends electronics, semiconductors and other electronic components market drivers, constraints, revenue, profiles and market shares of major competitors.
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