Market Trends of Global Small Signal Transistor Industry
This section covers the major market trends shaping the Small Signal Transistor Market according to our research experts:
The significant growth in the consumer electronics sector is analyzed to boost the demand for small signal transistors
- Transistors represent one of the significant innovations in the electronics industry. This can be accredited to their high electron mobility, wide temperature limits, and low energy consumption. According to Semiconductor Industry Association (SIA), Global semiconductor sales reached USD 556 billion in 2021, and U.S. semiconductor companies accounted for sales totaling USD 258 billion, contributing to 46% of the global market. Moreover, U.S. semiconductor firms also invested USD50 billion in R&D to remain competitive in the industry, the highest in history.
- Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with the technology and adding new product lines toward changing lifestyles. With the advent of IoT, various end-user industries are increasingly adopting the advanced solution to enhance their operations.
- Small-signal transistors are mostly used to enhance small signals, such as a few volts, and only when mill amperes of current are used. Modern electronic devices make use of these transistors. During the forecast period, a surge in demand for the manufacturing of consumer electronics and smartphones is analyzed to boost demand for these transistors globally.
- The smartphone is the major consumer of semiconductors in this segment. The smartphone market has been very competitive in recent years. The increasing usage of mobile phones is further anticipated to drive the global market. For instance, according to Ericsson, by 2026, the average monthly data traffic from smartphone devices worldwide will amount to 221 exabytes, from 32 exabytes in 2019.
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Asia Pacific is Expected to Register the Fastest Growth Rate
Asia-Pacific is estimated to hold the highest share in 2021, with a significant growth rate during the forecast period majorly attributed to the presence of large semiconductor and electronic component manufacturers in the countries such as China, South Korea, Taiwan, and so on. The growing government initiatives in the region further contribute to the market growth rate.
- The Chinese government's Made in China 2025 national strategic plan has also been a significant factor in the publications' rise. The central aim of the plan is the growth of the semiconductor industry. Also, China's National Intellectual Property Administration (CNIP) 2021 budget anticipates 2 million filings per year till 2023.
- South Korean semiconductor industry growth depends on Integrated Circuit (IC) suppliers, particularly in the memory chip market. The country is dominant in memory production. In May 2021, the government unveiled the plans to spend USD 450 billion to build one of the most extensive chipmaking bases over the next decade, joining China and the United States to dominate key technology.
- The semiconductor market in Taiwan is also growing due to support from the government. In April 2021, the National development fund announced that between 2021 and 2025, companies in Taiwan had planned USD 107 billion investment for the semiconductor industry's growth. The government is also assisting in developing new semiconductor technologies with funding support and talent recruitment programs.
- Moreover, China is witnessing multiple investments from companies such as TSMC, as well as local companies such as Huawei are entering into producing their chips as the US embargo has made it significantly difficult for Huawei to buy chips, so it has no other alternative but to develop the capability to manufacture for itself.
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