High-Reliability Semiconductors Global Market Report 2024

The high-reliability semiconductors market has grown strongly in recent years. It will grow from $3.84 billion in 2023 to $4.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed in the historic period can be attributed to the increasing demand in aerospace and defense sectors, applications in medical devices, requirements for automotive safety, the need for industrial automation, and the expansion of telecommunications infrastructure.

The high-reliability semiconductors market is expected to see strong growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to the increasing adoption of Internet of Things (IoT) devices, applications in renewable energy, advancements in medical technology, the expansion of electric vehicles (EVs), and the heightened complexity in aerospace systems. Major trends in the forecast period include strategic partnerships to ensure supply chain resilience, the establishment of enhanced testing standards for high-reliability applications, the development of wide-bandgap semiconductors, a focus on long-term reliability, and an emphasis on product lifecycle management. Additionally, sustainability practices in semiconductor manufacturing are expected to play a significant role.

The anticipated increase in investments in the aerospace sector is poised to drive the growth of the high-reliability semiconductors market in the future. Semiconductors play a crucial role in manufacturing various devices and systems, including avionics, engine and flight control systems, safety gear, communication and navigation systems, and missile systems. The substantial growth in aerospace foreign direct investment (FDI) is a significant factor contributing to the future expansion of high-reliability semiconductors. An article published by Investment Monitor in August 2022 reported a 28% growth in aerospace FDI in 2021, with the FDI Projects Database showing an increase from 54 projects in the previous year to 69 in 2021. Hence, the escalating investments in the aerospace sector are propelling the growth of the high-reliability semiconductors market.

The increasing demand for autonomous vehicles is expected to be a driving force behind the growth of the high-reliability semiconductors market. Autonomous vehicles, also known as self-driving or driverless vehicles, rely on advanced technologies and systems to navigate and operate without direct human intervention. The stringent safety requirements and reliability standards in the automotive industry, particularly in autonomous driving applications, call for semiconductors capable of flawless operation in challenging environments. According to the U.S. National Association of Insurance Commissioners, there is a projected increase to 3.5 million self-driving vehicles on U.S. roads by 2025 and 4.5 million by 2030. Consequently, the demand for autonomous vehicles is a key factor driving the growth of the high-reliability semiconductors market.

A prominent trend gaining popularity in the high-reliability semiconductors market is the focus on online visibility. Companies within the market are adopting online visibility tools to maintain a competitive edge. For instance, in September 2021, Microwave Techniques LLC, a U.S.-based microwave technology company, launched a new website emphasizing high-power semiconductor components such as circulators and isolators. The new website provides visitors with updated product information and details about the company's capabilities and products.

Major companies are strategically entering partnerships and collaborations with start-ups and mid-sized companies in the high-reliability semiconductors market to expand their product and service offerings. Such strategic collaborations and partnership agreements aid in broadening the product portfolio and geographical reach of companies. In March 2022, Micross Components, Inc., a U.S.-based provider of mission-critical microelectronic components and services for high-reliability applications, partnered with Apogee Semiconductor to offer rad-tolerant and rad-hard integrated circuits for space, defense, and extreme environments. This collaboration allows Micross to distribute Apogee Semiconductor's die and packaged Rad-Tolerant and Rad-Hard integrated circuits globally, offering a cost-effective approach for system designers with specific radiation and temperature performance requirements.

In February 2023, Micross Components Inc., expanded its offering by acquiring the DC-DC converter business of Infineon Technologies AG, a Germany-based semiconductor manufacturer, for an undisclosed amount. This acquisition not only enriched Micross' selection of highly protected power management solutions but also extended its geographic reach in the U.S. and Europe, positioning the company for potential future growth in the rapidly evolving space end market.

Major companies operating in the high-reliability semiconductors market report are Infineon Technologies AG, Digitron Semiconductors, Microsemi Corporation, Semicoa Corporation, Semtech Corporation, Skyworks Solutions Inc., Teledyne Technologies Inc., Testime Technology Limited, Texas Instruments Incorporated, Vishay Intertechnology Inc., KCB Solutions LLC, Toshiba Corporation, ROHM Group, Thermo Fisher Scientific Inc., Eurofins Scientific, Amkor Technology Inc., NXP Semiconductors USA Inc., Intel Corp., QUALCOMM Inc., GLOBALFOUNDRIES Inc., Samsung Austin Semiconductor LLC, Advanced Micro Devices Inc., Analog Devices Inc., L3Harris Technologies Inc. ISR Systems, Kyocera Corporation, Enphase Energy, QIAGEN NV, Eaton Corporation plc, Sumitomo Electric Industries Ltd., Taiyo Yuden Co. Ltd.

Asia-Pacific was the largest region in the high-reliability semiconductors market in 2023. North America is expected to be the fastest-growing region in the global high-reliability semiconductors market report during the forecast period. The regions covered in the high-reliability semiconductors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high-reliability semiconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of high-reliability semiconductors include discrete, analog, and mixed types. Discrete semiconductors are electronic components distinct from integrated circuits and consist of single active or passive circuit elements. They play a role in controlling voltages, reducing power usage, and minimizing heat generation in various applications. High-reliability semiconductors employ technologies such as surface mount technology and through-hole technology and utilize packaging materials such as ceramic and plastic. These semiconductors are applied in critical industries such as aerospace, defense, automotive, and others.

The high-reliability semiconductors market research report provides high-reliability semiconductors market statistics, including high-reliability semiconductors industry global market size, regional shares, competitors with a high-reliability semiconductors market share, detailed high-reliability semiconductors market segments, market trends and opportunities, and any further data you may need to thrive in the high-reliability semiconductors industry. This high-reliability semiconductors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The high-reliability semiconductors market consists of sales of integrated circuits (ICs), diodes, power transistors, RF/Microwave components, DC-DC converters, voltage regulators, and data converters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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