The global silicon germanium materials market size is predicted to increase rapidly over the forecast period. By using conventional silicon processing toolsets, Silicon Germanium (SiGe) is produced on silicon wafers. Increasing demand for silicon germanium to improve the battery life of handheld devices is expected to boost market expansion in the coming years. Fortune Business Insights presents this information in their report titled “Silicon Germanium Materials Market, 2023–2030.”
COVID-19 Impact
Supply Chain Disruptions amid the Pandemic Hindered Market Expansion
The COVID-19 pandemic negatively impacted the silicon germanium materials market growth. Stringent government rules during lockdowns disrupted supply chains. Delayed raw material supply and shortage of labor due to moment limitations amid the pandemic hampered market expansion. All these factors had a detrimental effect on several end-use industries and their suppliers.
However, in post-pandemic, ease in regulations boosted manufacturing activities in many sectors, which is expected to fuel market expansion in the coming years.
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Segments:
By end-use industry, the market is classified into consumer electronics, automotive, telecommunication industry, aerospace industry, solar industry, and others.
From the regional ground, the market is segmented into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa.
Report Coverage
The comprehensive market research report delves into crucial elements, including the competitive landscape, distribution channels, and notable product categories. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses various variables that have contributed to the recent market expansion. With a thorough examination of these factors, the report offers a holistic view of the market’s current and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.
Drivers
Surging Demand for Cell Phones and Portable TVs in the Consumer Electronics and Automotive Industries is Accelerating Market Growth
Rapid integration of silicon germanium in innovative Bipolar Complementary Metal-Oxide-Semiconductor (BiCMOS) technologies is driving market expansion. The growing usage of silicon germanium for the production of SiGe heterojunction bipolar transistors and strained silicon metal-oxide-semiconductor (MOS) transistors is also contributing to market growth. Growing demand for cell phones, laptops, and portable TVs in the consumer electronics and automotive industries and a rise in government schemes on fuel economy are the major factors expected to propel market expansion over the projected period.
Regional Insights
Asia Pacific is Set to Emerge as the Frontrunner in the Market due to Growing Usage of silicon Germanium Materials in Several End-use Industries
Asia Pacific is predicted to account for the highest silicon germanium materials market share over the forecast timeframe. The growing popularity of silicon germanium materials in many end-use industries is expected to boost market expansion in the region. Asia Pacific reigns supreme in the production of battery electrolytes for EV lithium-ion batteries. Furthermore, the rapidly increasing population in china and a rise in economic growth are projected to fuel market development in the region during the forecast period.
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Competitive Landscape
Key Market Players Concentrate on Acquisitions to Increase their Global Presence
Top silicon germanium material producers are adopting tactics, including product developments and collaborations, to boost their market presence. Leading companies are focusing on the acquisition of other companies to exchange expertise, which can help in introducing new products and enhancing the overall efficiency of products. They are continuously working on implementing advanced technologies in production techniques to serve their customers’ needs efficiently.
Key Industry Developments
- July 2020: Maxim Integrated Products, Inc. was acquired by Analog Devices, Inc. (ADI). ADI Company enhanced its analog semiconductor dominance with the help of this acquisition. Such acquisition supports the business to increase its product offerings globally.
Major Players Profiled in the Report:
- IBM Corporation (U.S.)
- NXP Semiconductors NV (Netherlands)
- Hitachi Ltd. (Japan)
- Analog Devices (U.S.)
- Tower Semiconductor Ltd. (Israel)
- Infineon Technologies (Germany)
- IHP Microelectronics GmbH (Germany)
- Skyworks Solutions, Inc. (U.S.)
- Toshiba Corporation (Japan)