Next-Generation Transistors Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Next-Generation Transistors Market is expected to grow at a CAGR of 4% over the forecast period. Primarily due to the increase in the consumer electronics market. A billion transistors are present in the newest smartphones on the market, ensuring speedier gadget operation. According to IBEF, India's smartphone market revenue crossed USD 38 billion recently, with a 27% YoY growth. In addition, Xiaomi, a top smartphone company, shipped 39.5 million devices in Q2 2022.
Key HighlightsThe next-generation transistors market is highly competitive. The semiconductor industry itself is going through a phase of specialization. Historically, the industry has concentrated on producing computer chips that could perform several generalized functions. These chips were related to each other to some extent. But today, the applications of semiconductors are more nuanced and differentiated, leading to the proliferation of niche players with specialized expertise across various verticals. Moreover, in this industry, many players outsource their functionalities except a few major players like Intel, who design, fabricate, and manufacture semiconductor products. This makes the sector deeply connected to global supply chains and has made this industry fiercely competitive and deeply collaborative.
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