...Electrical, Electronics & Semiconductors


Driven by the rising digitalization, the electrical and electronics manufacturing market has witnessed several innovations such as smartphones, smartwatches, smart TVs, smart refrigerators, security systems, and electric vehicles.

Source: Global Market Insights

Currently, the electronics industry is integrating with several emerging technologies such as Virtual Reality, Robotics and Automation, and the Internet of Things.

With the advent of the Internet of Things, the whole Consumer Electronics industry is shifting towards connected devices.


Moreover competition and convergence, as well as rising application of electronics systems, sensors and semiconductors and ASIC (Application Specific Integrated Circuits) is expected to introduce further innovations in the industry.


The electrical and electronics manufacturing market covers products that generate, distribute and use electrical power, computers, computer peripherals, communications equipment, and similar electronic products.

This category includes all the established, emerging and niche markets such as air conditioners, transformers, solar panels and cells, batteries, cables, semiconductors, circuit boards, passive components, television receivers, speakers, camera and other electrical instruments.

The electronic engineering industry comprises the design and manufacture of electronic systems, electrical devices and components including semiconductor devices, resistors, capacitors, transformers, inductors, switches, controls, sensors and actuators, used in a variety of fields, including, automotive and heavy machinery manufacturing, rolling stock, ships and aircraft, medical device manufacturing, as well as the manufacture of machine tools, electricity demand management, lighting, batteries, telecommunications and consumer electronics products, including tablets, smartphones and television sets.

The key markets for electrical and electronic engineering products include China, the United States, Japan, South Korea and Germany, with leading players such as Hon Hai Precision Industry (Foxconn), Mitsubishi, Siemens, ABB Group, Schneider Electric and Emerson Electric.

The Electronics systems and components industry is witnessing a major trend of outsourcing these days. Original Equipment Manufacturers (OEMs) are increasingly moving product design and development processes to Electronic Manufacturing Service (EMS) partners.

Test & Measurement: The demand for electronics products and technological advancements in communication and networking, are projected to be the driving force behind the test and measurement industry in the forthcoming years.


The Electronics and Semiconductor market (dominated by United States, South Korea, Japan, Taiwan, Singapore, and European Union) has been growing over the years due to its significant contribution in the entire electronic value chain, as well as a wide range of applications related to communications technologies, personal computers, digital cameras, television games and mobile handsets, networking and communications equipment like routers, switches, internet access devices, and a growing demand from healthcare, automotive and digital consumer products.
Semiconductors provide high-speed processing power for computers, flat-screen displays, smartphones, and other electronic devices, including sensors such as biosensors, air quality sensors, and imaging sensors.


The electronics and semiconductor market is becoming more competitive due to a decrease in profits by the manufactures and rising R&D expenditure.

Driven by the rising demand for IT hardware, office automation products and consumer electronics products such as mobile phones and automotive products, is characterized by high competition, declining profit margins and intensive R&D efforts to offer smaller and faster products.

The capabilities of semiconductor and electronics technologies, are influenced by the adoption of better connectivity in a wide range of consumer electronics, autonomous vehicles, and home automation, have been bolstered by adoption of technologies such as internet of things (IoT), artificial intelligence, wearables and augmented reality (AR), and virtual reality (VR).

New opportunities exist in nano-sciences, medical sciences, electro-mechanical devices, remote sensing, photonics, and biotechnology.

With the increasing adoption of high-performance computing (HPC), data centers and cloud servers, the semiconductor industry is set for growth, by improving along 3 critical dimensions- low latency, reliability, and cost per watt.

The emerging spectrum of applications and next-generation communication technologies, led by 5G wireless standards, will further evolve the integrated chips production, and add new capabilities in end-use industries, notably in automotive, defense and aerospace.

Semiconductor Materials and Components

Semiconductor components are made from semiconductor materials, such as Silicon, silicon carbide (SiC), germanium, and gallium arsenide (GaAs), and Gallium nitride (GaN), used in telecommunication, energy & power, consumer devices, and automation products. Semiconductor components are diode, inductors, capacitors, and resistors. There is an increasing demand for semiconductor components with multi-function features in hand-held products such as smartphones, tablets, portable media players, and others.

SiC material based components (withstanding 400°C without any external cooling, and sustain 10 times higher voltage than the other semiconductor material-based components) are used in turbine engine combustion monitoring, temperature sensors, analog and digital circuitry, flame detectors, accelerometers, RF devices, and electronic components used in harsh environment, with broad applications in industries such as aerospace, defense, automotive and power generation.

Sensors: The electronics and semiconductor industry is leaning on smart sensor systems, electronic instrumentation and satellite-based personal networks for various applications in industrial automation and communication.


Display Technology has applications in devices such as TVs, PC Monitor and Notebooks, Smartphones & Tablets, including flat panel displays, flexible displays, and micro-displays and operate on display technologies such as LED-backlit LCD, OLED, quantum dot, direct-view LED, E-paper (EPD), liquid crystal on silicon (LCoS), digital light processing (DLP), and others.

Trends in Display Technology

LCD suppliers are continuously enhancing the display technology with LTPS, quantum dot enhancement film (QDEF), and other emerging updates. Organic light-emitting diode (OLED) emerged as an advanced and self-emitting display technology for efficient, bright, flexible, and thin display panels, and was rapidly adopted in smartphones and wearables.

New trends have emerged in Display Technologies including curved and flexible panels, Automotive HUD and central displays, ADAS, 4K and 8K displays, augmented reality (AR) and virtual reality (VR). OLED and flexible displays are the hot trends in display market due to their increasing adoption in smart devices including smartphones, wearables (smartwatch, AR/VR HMDs), and smart TV, smart home, smart wearables, and smart mirrors. Smart home displays are intelligent solutions which can be controlled through voice commands, remote devices, or with the help of IoT connectivity and artificial intelligence. Smart Mirrors have high demand in automotive space.

Direct-View LED displays are revolutionizing the digital signage space. Mini-LED and CSP LED are new trends in LCD backlighting space. Micro-LED is a futuristic display technology capable of disrupting both LCD and OLED. Increasing demand for brighter and more power-efficient display panels for smartwatches, smartphones, televisions, and AR/VR devices will drive the development and subsequent commercialization of the micro-LED display technology.

Impacting Factors

Innovative display technologies such as Micro-LED and true-quantum dot, and fluctuating panel ASPs, will impact LCD and OLED ecosystems in future. Construction of Gen 6 and above facilities by Chinese players, can have significant disruptions in display market in near future.

Display panel manufacturing equipment suppliers are set to gain the most with the increased investment in Gen 6 and above facilities and growing OLED demand.

OLED material suppliers are witnessing high growth while the demand for LCD components (BLU, Liquid Crystal, and Color Filter) is declining.

Display driver IC (DDIC) market is unstable, while, growing demand for OLED displays and development of Touch and Display Driver Integration (TDDI), chip-on-film (COF), and chip-on-glass (COG) are new trends in DDIC market.


US is the key region in terms of demand for display panels for different devices. Japan leads in display equipment and materials markets, while China, South Korea, and Taiwan lead the display panel market. Samsung, LG Display, BOE Technology, Foxconn (Innolux & Sharp), AU Optronics, Japan Display (JDI), CSOT, Tianma, CPT, HannStar, and Truly are the leading display panel manufacturers offering display technologies. US and European countries, especially, Germany and France are contributing to development of innovative concepts in display technologies.


LED and Lighting Controls | Emerging power technologies in the LED and Lighting Market

The quest is for energy saving through smart connected lighting using lighting controls.

Lighting controls such as switches, drivers, relay units, dimmers, and sensors, may have been around for years, but the case now is to get them to communicate with other devices.

Following the stream of constant technological innovations in the quest for longer lifespan, greater durability, higher flexibility, and more energy efficiency, and disruptions, new power technologies are appearing.

Photonics: The environment-friendly nature, energy-saving capabilities and durability of photonics products is set for further growth.

The IC, LED & PCB Market: In light of growing environmental awareness, as many countries have begun to phase-out traditional light bulbs, the sales of LEDs (light-emitting diodes) and OLEDs (organic light-emitting diodes) are experiencing growth.

Alongside the growth of smart devices, the integrated circuit (IC), light-emitting diode (LED), and printed circuit board (PCB) markets are undergoing constant innovation that spurs growth.

Drivers that convert the electricity supply into a form the light can use, frequently are the first component of a lighting system to fail. So some innovative lighting companies are doing without them:

For instance, Iviti (UK) has a lamp with a DC LED chip that needs no driver at all, and Isotera (UK) sells power technologies for lighting using a central hub, with each fitting connected directly to a bus cable. The latest innovation is power-over-Ethernet (PoE), which provides electricity through data cables. Such emerging power technologies in the LED and Lighting Market would generate ample opportunities for the lighting companies in years to come.


Broad Innovative applications of LED and Lighting

Human centric lighting

Human centric lighting sets to transform our homes, shops, and indoor & commercial spaces, to make us feel good and be better at what we do. Lighting companies in LED and Lighting Market such as Signify (Philips) (Netherlands) and Osram (Germany) are developing commercial lighting solutions that are targeted at enhancing wellbeing, performance, and vision by applying science, user experience, and customers’ needs.

Opportunities for LED lighting

Rapid population growth and availability of limited agricultural land, legalization of cannabis for medicinal purposes across various countries, and government initiatives to support adoption of energy efficient LEDs in horticulture application is generating opportunities for LED lighting. In greenhouse settings, LEDs are used in the cultivation of vegetables, fruits, flowers, and plants. And is also finding application in UV disinfection of water and wastewater and processed water.


Optoelectronics combines optics and electronics and includes the designing and manufacturing of devices that have the ability to source, detect, and control light. Optoelectronics finds applications in lasers, fiber optic system communications, medical diagnostics systems and also in other common applications such as automotive, computers, communications, and industrial optical sensing equipment as well as medical laser equipment. Consumer electronics and entertainment applications are high growth segments. Ccomponents used in Optoelectronics range from image sensor, photo detectors, IrDA transreceivers, opto-couplers, solid state relays, LEDs, and laser transmitters to laser pick-ups, infrared, and displays.


Power electronics is an application of solid-state electronic device that controls and converts electrical energy from one form to another, and is mainly used in integration of renewable energy sources such as wind & photovoltaic energy.

According to Global Market Insights research, rising awareness regarding energy conservation and government initiatives to promote renewable energy has contributed to innovations like electric cars and hybrid vehicles.

The worldwide power electronics market is anticipated to reach around USD 39.2 billion by 2025.

Has broad applications across industrial, consumer electronics, information & communication technology (ICT), automotive, aerospace, defense, power, and others.

Consumer electronics, automotive, electric automobiles, industrial systems, radio communications, and Aerospace and Defense are the primary end users of power electronics.

North America, South America, Europe, Middle East & Africa, and Asia Pacific holding the largest market share of over 40%. Expansion of telecom, automotive, and military & defense industries in India, China, Singapore, and South Korea will drive growth.

Key players are Texas Instruments, Mistubishi Electric, Qualcomm, Fuji Electric, and Infineon Technologies.


Batteries technology keeps evolving to match the requirements from electronics items, for smaller, thin, flexible, and high capacity batteries with fast charging speeds.

As the demand electric vehicles, smartphones, and renewable energy storage increase, lithium ion batteries are expected to be implemented in most of the electronic gadgets.


Wireless Charging: The world is increasingly going “wireless” with battery-enabled devices, such as smartphones, wearable electronics, and other devices. The wireless charging market for industrial applications is evolving rapidly as companies are leveraging high-power wireless power transmission solutions to challenge traditional power delivery systems which require connector and heavy-duty cables.


The global medical electronics market is expected to reach USD 219.0 billion by 2024.

Source: Grand View Research

Technological advancements have boosted the applications of electronics in the fields of diagnostics, therapeutics, and wellness.

Industry players are focused on the commercialization of new technologies and integrated systems.

The Medical Electronics Market: The adoption of imaging technology, wearable electronics, growing health awareness, rising geriatric population, and increasing standard of living are among the primary factors augmenting growth in medical electronics markets.

Source: Maximize Market Research

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