The rapidly growing automotive market offers an enormous opportunity for automotive semiconductors to support EV battery performance, enhanced sensors, increased connectivity and other technologies.
Fremont, CA: The semiconductor industry has grown exponentially every year and offers a plethora of opportunities. But this year, the semiconductor industry is set to face a host of new challenges that will make it difficult for semiconductor manufacturers to grow at the same rate they have been used to over the last few years.The challenges of inventory management and the increasing pressure to improve equipment architectures, reduce costs and develop STEM skills in the workforce will, to a certain extent, inhibit the growth of companies.
Another factor that prevents semiconductor manufacturing companies from growing in the industry is the inability of companies to keep up with the ongoing pace of IoT development. With the cloud economy becoming mainstream in the IoT era, semiconductor companies are faced with the requirement to continuously innovate and drive connectivity across the IoT value chain.In such an era, they can gain more traction by offering comprehensive solutions beyond semiconductor solutions, including hardware design, and software and system integration for applications and products.
Future Trends in the Semiconductor Industry:
Increasing demand for AI (artificial intelligence) based applications across different industries will create new growth opportunities for semiconductor manufacturing companies. AI will also improve the semiconductor market by accelerating the manufacturing process, boosting the performance of the chip, reducing the cost of production and increasing output. Moreover, with the growing market for drone technology, the commercial roll-out of AI-powered drones can be seen globally in 2019. This is one of the future trends that can help the semiconductor industry to boost its growth prospects.
One of the major future trends in the semiconductor industry is the emergence of three autonomous vehicles on the road. The rapidly growing automotive market offers an enormous opportunity for automotive semiconductors to support EV battery performance, enhanced sensors, increased connectivity and other technologies.