Analysis

Among the most important markets for today’s electronics manufacturers, IoT (Internet of Things) applications and automotive electrification are characterised by increasing demand for large numbers of a wide range of electronic device types.

Can digital and/or high throughput manufacturing be applied to circuit boards? Can stretchable electronics be produced without sacrificing processing capabilities? Flexible hybrid electronics (FHE) is an emerging manufacturing methodology that aims to resolve both of these questions.

In 2022, the UK’s defence sector added £9.8 billion in value add to the UK economy, while turnover from defence organisations reached £22.8 billion.

After five straight quarters with declining revenue, the semiconductor industry reversed course and increased revenue in 2Q23 according to the latest Omdia’s Competitive Landscape Tracker.

Global semiconductor equipment billings dipped 2% year-over-year to $25.8 billion in the second quarter of 2023, while quarter-over-quarter billings slipped 4%, SEMI has announced in its ‘Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.’

The global high-voltage (HV) switchgear market is forecast to reach $30.34 billion in 2027 from $25.02 billion in 2022, growing at a compound annual growth rate (CAGR) of 3.54% between 2023 and 2027, according to GlobalData, a specialist data and analytics company.

The MEMS market is set to grow from $14.5 billion in 2022 to $20 billion in 2028 at a 5% CAGR, according to annual MEMS analysis by Yole Group, Status of the MEMS Industry report.

The optical transceiver market is set to double to $22.3 billion in 2028, led by Chinese suppliers and driven by power-efficient technologies.

The power electronics market continues to grow due to government regulations, the demand for renewables, and the need for increased efficiency.

As of September 2023, revisions made to the Restriction of Hazardous Substances (RoHS) directive dictate that new lamps being manufactured cannot contain mercury.