Global Sales of High

WILMINGTON, DE / ACCESSWIRE / June 6, 2023 / Transparency Market Research Inc. - The global high-reliability semiconductor market was valued at US$ 6.4 Bn in 2021 and is projected to expand at a CAGR of 4.6% during the forecast period from 2022 to 2031 and reach US$ 10.1 Bn by the end of 2031.

Critical use of high-reliability semiconductor components in various industries, including defense, aerospace, space, and automotive, is fueling the high-reliability semiconductor market. These components undergo intensive screening and quality conformance inspections (QCI) to meet reliability, top performance, and operability specifications for various applications.

Excessively high cost of failure of mechanical systems, with increase in intelligence and functionality standards across end-use industries, is necessitating the manufacture of failsafe semiconductor components. In this scenario, manufacturers are developing high-reliability semiconductor components that can withstand harsh operating conditions in various end-use industries.

High-reliability semiconductor components include RF/microwave components, amplifiers, DC-DC converters, power transistors, and data converters. These semiconductor components are primarily used in products and systems in defense, aerospace, and space applications that need to be failsafe.

High-reliability semiconductors are of three types: discrete, mixed, and analog. Manufacturers are engaging in strategic collaborations with end-use industries to offer customized products. Additionally, next-gen technologies such as 5G, AI, IoT, and autonomous driving are likely to provide lucrative opportunities for market development in the next few years.

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Market Snapshot:

Report Coverage

Details

Market Revenue

US$ 6.4 Bn

Estimated Value

US$ 10.14 Bn

Growth Rate - CAGR

4.6%

Forecast Period

2022-2031

No. of Pages

173 Pages

Market Segmentation

Type, Packaging Material, Technology, Quality Level, End-use Industry

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Companies Covered

Digitron Semiconductors, Infineon Technologies AG, KCB Solutions, LLC, Microsemi Corporation, SEMICOA, Semtech Corporation, Skyworks Solutions Inc, Teledyne Technologies Incorporated, Testime Technology Ltd, Texas Instruments Inc, Vishay Intertechnology, Inc.

Key Findings of Study

Reliability Specifications in Automotive Sector Boosting Market Size - Reliability of components is of paramount importance in the automotive sector. It directly impacts performance of vehicles. There is a need for components that work faultlessly throughout the vehicle's lifetime. Semiconductor components are critical for safety, speed, and efficiency of vehicles.

Prospects of surge in adoption of autonomous vehicles is likely to create robust high-reliability semiconductor market opportunities in the next few years. According to the National Association of Insurance Commissioners, the number of self-driving vehicles in the U.S. is estimated to reach 3.5 million by 2025 and 4.5 million by 2030. Furthermore, increase in trend of integrating advanced features in autonomous cars is anticipated to fuel market demand in the near future.

Leading automotive companies depend on semiconductor components for advanced features in automobiles. Manufacturers are engaged in the development of failsafe semiconductor components, including MOSFETs, optoelectronic sensors, ICs, and amplifiers, for autonomous cars.

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Surge in Demand in Aerospace Industry Fueling Market Value - Significance of electronic systems and components to protect launchers, satellites, military vehicles, and submarine operations in the aerospace industry is accelerating market expansion. This is because the aerospace industry requires long-term reliability of electronic systems for a mission to be successful.

High-reliability semiconductor components are integral to electronic systems for failsafe operations in extreme and harsh environments in various applications such as satellites, combat vehicles, and avionics systems. Increase in government expenditure on the military & defense sector and modernization of commercial aircraft are fueling the demand for highly reliable semiconductors. This is boosting market statistics.

High-reliability semiconductor components have exceptional working life in comparison to general semiconductor components. High-reliability semiconductor components, such as R/F microwaves, data converters, amplifiers, and MEMS products, can work for years without compromising on performance. On the other hand, general semiconductor components carry the risk of premature failure of systems.

Extensive Usage of Highly Reliable Surface Mount Technology - Based on technology, the global market has been bifurcated into through hole technology (THT) and surface mount technology (SMT). The surface mount technology segment dominated the global industry in 2021 with 58.1% share. The segment is estimated to dominate the global market during the forecast period.

Growth of the surface mount technology segment cam be ascribed to superior physical properties of the technology. The technology entails electrical components to be directly mounted on the surface of a printed circuit board. Demand for this technology is rapidly increasing in the semiconductor industry due to the miniaturization of electronic components. Therefore, the adoption of[R1] surface mount technology is anticipated to fuel market progress during the forecast period.

Growth Drivers

Critical use [R2] in high economic value industries, such as aerospace, space, defense, and automotive is driving high-reliability semiconductor market

Increase in adoption of autonomous vehicles is anticipated to augment market demand

Regional Landscape

Asia Pacific dominated the global industry with 54.9% share in 2021. Investments by manufacturers in R&D activities of high-reliability semiconductors is anticipated to fuel market size in the region. Increase in utilization of high-reliability semiconductors components in military & defense systems in developing countries is driving market progress in Asia Pacific.

Europe accounted for 19.1% share of the global industry in 2021. Sizable presence of manufacturers is anticipated to propel market growth in Europe in the next few years.

Competitive Analysis

The competition landscape in the high-reliability semiconductor market is fragmented, with the presence of large number of well-entrenched players. Key players are focusing on product innovation and strategic collaborations in the high-reliability semiconductor market[R3] to broaden revenue streams.

Prominent players in the high-reliability semiconductor market include Digitron Semiconductors, KCB Solutions LLC, SEMICOA, Skyworks Solutions Inc., Infineon Technologies AG, Microsemi Corporation, Semtech Corporation, Teledyne Technologies Incorporated, Vishay Intertechnology Inc., and Semtech Corporation.

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The high-reliability semiconductor market is segmented as follows;

Global High-reliability Semiconductor Market, by Type

Discrete

Analog

Mixed

Global High-reliability Semiconductor Market, by Packaging Material

Plastic

Ceramic

Global High-reliability Semiconductor Market, by Technology

Surface Mount Technology

Through Hole Technology

Global High-reliability Semiconductor Market, by Quality Level

JAN

JANX

JANTXV

JANS

JANSR

QMLQ

QMLV

Global High-reliability Semiconductor Market, by End-use

Aerospace

Defense

Space

Global High-reliability Semiconductor Market, by Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

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