Microelectronics Material Market Size was valued at USD 49.7 Billion in 2022. The microelectronics material market industry is projected to reach USD 93.44 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period (2023 - 2032). The adoption of new technologies like 5G and artificial intelligence, as well as technical developments and rising demand for smart gadgets, are major market drivers propelling the strong expansion of the global microelectronics materials market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing demand for electronics by consumers is driving growth in the microelectronic materials industry. The increasing usage of computers, tablets, smartphones, and other consumer electronics has resulted in a sharp increase in the need for microelectronic materials. Manufacturers are supplying more advanced and feature-rich goods in response to customer demand for more complex semiconductors and electronic components. Moreover, the Internet of Things (IoT) has made it easier to integrate smart devices widely across all industries. The growth of smart home and industrial applications has increased the need for sensors, actuators, and other microelectronic components, which has raised the demand for specialized materials. Additionally, to facilitate increased data rates and enhanced connection, 5G technology deployment and adoption necessitate upgraded semiconductor materials. Included in this are components for smartphones and other devices, materials for 5G base stations, and antennas. Microelectronics materials are in greater demand in the automobile industry due to the industry's migration to electric vehicles (EVs) and the integration of infotainment and advanced driver-assistance (ADAS) systems.
The market for microelectronic materials is expected to rise significantly as a result of the introduction of upcoming technologies such as 5G and IoT, since these technologies have raised the need for sophisticated materials that can fulfill their unique needs. Higher frequencies used by 5G networks mean new materials with enhanced conductivity and signal propagation properties are required. Base stations and antennas for 5G networks are increasingly using materials like gallium nitride (GaN) and gallium arsenide (GaAs). Moreover, a lot of Internet of Things devices run on low power and need materials that save energy. The creation of energy-efficient semiconductors and sensors, which increase the battery life of Internet of Things devices, is facilitated by advancements in microelectronic materials. Furthermore, IoT and 5G are frequently combined in applications like industrial IoT and smart cities. Materials capable of supporting a wide range of capabilities, such as effective sensor networks and high-speed wireless transmission, are required for this integration. Thus, driving the microelectronics material market revenue.
The Microelectronics Material Market segmentation, based on application includes Packaging and Fabrication. The packaging segment dominated the market. Interconnects, substrates, encapsulation materials, and thermal interface materials are common packaging categories. Protecting and improving the functionality of microelectronic devices are vital tasks for these parts. Specific materials within these categories, selected for their individual qualities and suitability for electronic applications, may include silicon, polymers, metals, and ceramics. To guarantee that semiconductor devices are functional and reliable, proper packaging is essential.
The Microelectronics Material Market segmentation, based on type, includes Elementary Material, Compound Material, and Other. The elementary material category generated the most income. Elementary materials in microelectronics usually consist of semiconductors such as silicon, insulators, and conductors. A basic semiconductor material that is widely utilized in integrated circuits is silicon. Silicon dioxide is one of the most important insulators for separating various components. Copper and other conductors are essential for interconnects. The demand for more potent and energy-efficient devices, along with technological improvements, is driving a dynamic market for these materials.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American microelectronics material market area will dominate this market. The expanding global market for microelectronic materials, which is being driven by the increasing use of IoT in a variety of industries and applications. The industry's success in electronics components is expected to be aided by the excellent performance and versatility of microelectronics materials.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe microelectronics material market accounts for the second-largest market share primarily as a result of the existence of important locations for semiconductor manufacturing throughout several countries. Owing to their increasing relevance in the global semiconductor industry, these countries have attracted significant investments from multinational corporations. Further, the German microelectronics material market held the largest market share, and the UK microelectronics material market was the fastest growing market in the European region
The Asia-Pacific Microelectronics Material Market is expected to grow at the fastest CAGR from 2023 to 2032. Developing nations with high rates of manufacturing and manufacture of electrical components, such as China and India, are regarded as electronics hubs. The region's need for microelectronic materials has grown as a result of the need to meet the strict requirements for performance, quality, and delivery. The installation of gear by manufacturers in the area makes it possible to package electronics and microelectronics. Moreover, China’s microelectronics material market held the largest market share, and the Indian microelectronics material market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the microelectronics material market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, microelectronics material industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global microelectronics material industry to benefit clients and increase the market sector. In recent years, the microelectronics material industry has offered some of the most significant advantages to medicine. Major players in the microelectronics material market are attempting to increase market demand by investing in research and development operations includes
The technological and manufacturing firm LORD Corporation is diverse, creating adhesives, coatings, motion control tools, and sensor technologies for the automotive, oil and gas, aerospace, and industrial sectors. With its global headquarters located in Cary, North Carolina, LORD employs about 3,100 people in 26 countries, running 10 R&D centers and 19 manufacturing plants globally.
Honeywell is a technology and engineering business, owned by Honeywell International Inc. The company develops and produces technology that tackle problems in multiple areas, such as energy, safety, security, productivity, and urbanization worldwide. In addition to electronic and advanced materials, productivity, sensing, safety and security technologies, specialized chemicals, energy-efficient products and solutions, and replacement parts are also provided by Honeywell. In addition, it offers technical and managerial services as well as maintenance, overhaul, and repair.
February 2023: The Chinese IC chip producer Fudan Microelectronics has a partnership with the IOT system vendor Semtech. Fudan Microelectronics introduced the MCU+SX126x Reference Design product as a result of this collaboration.
| Report Attribute/Metric | Details |
| Market Size 2022 | USDÂ 49.7Â Billion |
| Market Size 2032 | USDÂ 93.44Â Billion |
| Compound Annual Growth Rate (CAGR) | 6.2%Â (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Entegris, W. L. Gore, PiBond, Dow Corning, BASF, Honeywell Electronic Materials, Shin-Etsu MicroSi, Inc, KYOCERA, DuPont, LORD Corp |
| Key Market Opportunities | Partnerships and collaborations to provide novel solutions between semiconductor makers and technology firms |
| Key Market Dynamics | Rising consumer electronics demand includes tablets, wearables, and smartphones Technological developments in wireless communication, especially the introduction of 5C networks |
Frequently Asked Questions (FAQ) :
The Microelectronics Material Market size was valued at USD 49.7 Billion in 2022.
The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Entegris, W. L. Gore, PiBond, Dow Corning, BASF, Honeywell Electronic Materials, Shin-Etsu MicroSi, Inc, KYOCERA, DuPont, LORD Corp.
The packaging category dominated the market in 2022.
The elementary material category had the largest share in the global market.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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