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Global Semiconductor Silicon Wafer Market 2020-2024 | Emergence of Compact Consumer Electronic Devices to Boost Market Growth | TechnavioThe global semiconductor silicon wafer market size is poised to grow by USD 12.22 billion during 2020-2024, progressing at a CAGR of over 14% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201103005519/en/ Technavio has announced its latest market research report titled Global Semiconductor Silicon Wafer Market 2020-2024 (Graphic: Business Wire) The demand for high-performance devices, with reliable and highly-portable computing platforms and connectivity over wireless networks such as Wi-Fi, 3G, 4G, and Bluetooth, has increased. This has increased the need for wireless computing devices such as tablets, smartphones, wearables, and sensors that require a high level of integration. Consequently, this is driving the need for the development of a number of new designs to support multiple applications on a single platform. Moreover, the demand for small-sized gadgets has also increased the need for more functionalities from a single device. Advances in wireless computing devices such as smartphones and tablets that increase the need for design improvements from semiconductor designers are consequent in increased demand for semiconductor silicon wafers. The growing adoption of wireless computing devices will be one of the significant factors that will propel the semiconductor silicon wafer market growth during 2020-2024. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
View market snapshot before purchasing Rising Adoption of Automation in Automobiles will be a Key Market Trend The rising adoption of automation in automobiles is one of the critical global semiconductor silicon wafer market trends that will gain traction in the coming years. The rise in electrification and automation of automobiles increases the need for semiconductor wafers. Automotive manufacturers use various types of semiconductor ICs in applications such as airbag control, anti-lock braking system, GPS, power doors and windows, car navigation and display, and automated driving. With the growth of the global automotive industry, the demand for automotive products will also increase in the coming years. This will create the demand for semiconductor devices, which will fuel the need for silicon wafers. Moreover, the growing popularity of hybrid and electric cars will also propel the semiconductor silicon wafer market growth. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Semiconductor Silicon Wafer Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer Landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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