- Date 6 Jul 2020
Artificial Intelligence, the Internet of Things and Big Data will drive the semiconductor market. Heraeus develops innovative solutions for technologies in a smart and digital future.
According to the World Semiconductor Trade Statistics (WSTS), the worldwide semiconductor market is expected to increase 3.3 percent in 2020, accelerating to 6.2 percent in 2021. Despite the COVID-19 pandemic, which is putting a dent in growth rates, the semiconductor market is expected to grow. For semiconductors, China has been the largest market globally since 2005. Annually, the country consumes more than 50 percent of all semiconductors, both for internal use and eventual export. The growing demand for electronic devices is stimulating global demand of semiconductors. This is even further fueled by current digital trends, such as Artificial Intelligence, the Internet of Things and corresponding 5G technologies as well as Big Data.
Heraeus’ portfolio caters to these three trends addressing next generation challenges for new end market applications: