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INTERNET OF THINGS (IOT) REVOLUTIONIZING THE GLOBAL SEMICONDUCTOR MARKET

INTERNET OF THINGS (IOT) REVOLUTIONIZING THE GLOBAL SEMICONDUCTOR MARKETIt can certainly be said that semiconductors transformed the world to a level that could not be foreseen before them. Though processing data and communication was always demanding; it is appreciated to semiconductors that these two vital tasks became effortless and took relatively less time.

What is a semiconductor?

A semiconductor is a material consisting of distinctive properties known by its reaction to the electrical current. The material comprises of relatively low resistance to the circulation of current in one direction than other. The electrical potential of a semiconductor is amid a good conductor (copper) and an insulator (rubber). Therefore, known as semi-conductor. Furthermore, this potential can be modified (known as doping) by varying the temperature, used fields or by incorporating impurities.

Read the report published by Inkwood Research on “Global Semiconductor Market

History of semiconductor

Semiconductor was not invented; instead many semiconductor devices were created. This invention of semiconductor materials permitted impressive and essential advancement in electronics arena.

In 1782, Alessandro Volta for the very first time used the phrase “semiconducting.” The first person to recognize the temperature fluctuation by silver sulfide in electrical resistance was Michael Faraday in 1833. However, it was Karl Braun who first invented and recorded the effect of semiconductor diode.

The first semiconductor device was patented in the year 1901, as “cat whiskers” and was invented by Jagadis Chandra Bose.

Since 1965, the global semiconductor market recorded significant advancement, when Gordon Moore, co-founder of Intel published his observation that the sum of transistors on unified circuit multiples every two years; became the industry’s touchstone, and have been a major factor in pacing up the development in the global semiconductor market.

Impact of IoT on semiconductor market

The semiconductor market is comprehensive and comprises a large range of products. Increasing development and giant investments in research and development for exclusive products is not only developing the IoT market but also impacting the development in the semiconductor market.

Owing to the robust growth of IoT and technology, electronic devices can be controlled from anywhere; let it be from home, office with the help of smartphones or any other communication device. IoT is the essential factor in the advancement of the semiconductor market. By 2020, 30 billion devices are projected to be integrated with IoT.

IoT has been widely adopted in varied semiconductor application like automated lighting and heating, industrial automation, wearable devices, financial services, healthcare, retail, manufacturing, and energy & natural resources and is estimated to proliferate the growth of the semiconductor market globally. Moreover, evolving application of semiconductor ICs in IoT will tremendously impact the manufacturers as the market of semiconductors and sensors for IoT applications is predicted to hit $50 billion by 2020. As a result, producers are left with two striving option of increasing their production capabilities or cope up with transforming a technological environment.

Qualcomm, Samsung, Texas Instruments are few of the dominating market players in the semiconductor market who are endeavoring in the developing environment for the advancement of IoT solutions in the semiconductors.

Future insights

The semiconductor market is eminently splintered which further harden the task of categorizing it. In the coming years, the market is transforming into an innovation battleground. The emerging application, making it assertive for the market to retort more actively. Cost over quality can no more be a strategy in the highly competitive market of semiconductors, thus, impelling the companies to increase their investment in R&D. Moreover, due to the growing demand for memory chips and processors, big companies are seeking interest in the niche market, leading to a surge in the number of mergers and acquisitions in the global semiconductor market. The future of the market relies on the developing computing and communication needs.

Komal Surana

Author: Komal Surana

Sr. Content Writer and Editor, Inkwood Research

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