The global semiconductor market is expected to reach close to $500 Billion USD in 2019 alone. Semiconductors are the critical link between the real and the digital world; they sense, compute, and actuate to support electronics in virtually every vertical.
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The wireless communications market is expected to reach $15.6 Billion USD by 2022, up from $5.96 Billion in 2017. Recent growth in this market is attributed primarily to the expansion of the IoT, and the continued global adoption of mobile devices. Looking forward, it is expected that wireless communications solutions in infrastructure, education, retail, and gaming will continue to gain popularity and fuel future growth.
The global trend toward smart technology continues to fuel the sensors market, which is expected to reach $241 Billion USD by 2022. Increasingly autonomous vehicles, the expansion of the IoT, strong demand in the automation industry, and the increasing use of sensors in mobile devices are key industry drivers in the sensor space.
This market is expected to reach nearly $84 billion USD by 2022. This is due to continued strength in mobile and cloud sectors, but also to a projected explosion in AI-based computing and 5G connectivity.
Power management ICs are solid state devices that control the flow and direction of electrical power and come in a wide variety that include functions such as DC to DC conversion, battery charging, power-source selection, voltage scaling, and power sequencing. Such ICs are widely used in portable media players and mobile phones, as they provide highly integrated low-power microprocessor platform.
Clean technology refers to any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. In the past decade, demand for clean technologies has grown at a significant rate and has driven the growth of billion-dollar markets. Such markets continue to rise at a substantial rate.
Antenna Switch Modules (ASM) support telecommunication-related features in smartphones and other network-connected wireless devices. Multi-band network-connected wireless devices are supported by these modules.
Since the launch of the first iPhone ushered in the era of smartphones in 2007, mobile devices have been the dominant business driver for semiconductor and technology innovation. Billions of mobile phone units shipped in 2018 alone. While there are many handset manufacturers, the only profitable ones at present are Apple, Samsung and Huawei, who are also the top three in unit sales.