Semiconductor & Electronics Industry to Attain Remarkable Growth in the Coming Years
The semiconductor & electronics industry is anticipated to grow lucratively in the coming years, as per the forecast by SkyQuest Technology . Some of the prominent factors fueling the growth of the semiconductor & electronics industry are the proliferation of Internet of Things (IoT) devices and sensors, the rollout of 5G networks boosting demand for semiconductors, increasing consumption of consumer electronics (such as smartphones, tablets, wearable devices), rising adoption of industrial automation and intelligent systems. Following is a list of the markets that are anticipated to propel the growth for the semiconductor & electronics industry: Consumer Electronics Market size is expected to reach USD 110.60 billion by 2031, at a CAGR of 6.5% over a forecast period (2024-2031). The emergence of semiconductor technology as a result of technological advancement is a key factor driving market growth. Furthermore, the increasing adoption of consumer goods such as smartp...