- Amorphous is a metal alloy whose constituents primarily include iron, cobalt, and nickel and a metalloid or glass former such as silicon, boron, or carbon.
- Amorphous metal has a high degree of electrical conductivity, light-induced phenomena, and some optical properties which are very useful in semiconductor devices.
- The amorphous-semiconductor devices market is segmented based on material type (silicon, arsenic sulfide, selenium, tellurium, boron, and germanium), devices (solar cells, thin-film transistors, light sensors, optical memory devices, electrophotographic devices, x-ray image sensors, optical-fiber, and others), end-use industry (consumer electronics, automotive, industrial, healthcare, telecommunication, aerospace & defense, and others), and region.
Rise in Demand from Consumer Electronics Segment
- The consumer electronics segment is expected to be the fastest growing segment of the amorphous-semiconductor devices market during the forecast period.
- Rising disposal income and increasing urbanization is creating massive demand for regular and advanced consumer electronic devices such as smartphones, tablets, PCs, smartwatches, refrigerators, washing machines, TVs, and other household electronic devices. These devices are made up of many amorphous-semiconductor devices which propels the growth of the market.
- Moreover, amorphous-semiconductors follow a light-induced phenomena. This property of amorphous-semiconductors boosts its demand in various photo-sensing electronic devices.
- The healthcare segment is expected to expand at a substantial rate during the forecast period due to the rising use of electronic devices in various healthcare applications. These days, various test kits are made of different amorphous-semiconductors such as sensors, diodes, IC’s, optics, and transistors.
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Asia Pacific to Lead the Amorphous-Semiconductor Devices Market
- In terms of region, the global amorphous-semiconductor devices market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to dominate the amorphous-semiconductor devices market throughout the forecast period due to increasing industrialization, growing urbanization, and a rising electronics & telecommunications industry in the region.
- Moreover, the various end-use industries are generating substantial demand for new and advanced amorphous-semiconductor devices in the region, and the growing industrialization in major Asian countries such as China, Japan, Taiwan, South Korea, and India boosts the amorphous-semiconductor devices market in the region.
- Furthermore, China is a major electronics hub and supplies various electric and semiconductor devices across the world, which also drives the demand for amorphous-semiconductor devices.
- The market in North America is expected to expand at a substantial rate during the forecast period due to rising investment in R&D activities. According to the Semiconductor Industry Association (SIA), the U.S. industry research & development expenditure on semiconductor materials is rapidly increasing.
- On the other hand, the amorphous-semiconductor devices market in Europe, Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.
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Key Players Operating in the Global Amorphous-Semiconductor Devices Market
Major players operating in the global amorphous-semiconductor devices market are focusing on increasing their production capacities due to growing demand for amorphous-semiconductor devices. Key market players are emphasizing on several strategic initiatives to enhance their business and establish manufacturing facilities.
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