The global semiconductor plating system market was valued at US$ 5.1 Bn in 2022 and is projected to reach US$ 7.7 Bn by 2031, expanding at a CAGR of 4.8% from 2023 to 2031. The steady growth is driven by the increasing use of electronic components in the automotive sector and the rising global demand for semiconductors. Semiconductor plating system
Fiber-Optic Network Growth Powers GaAs Photodiode Market Expansion
The global gallium arsenide (GaAs) photodiode market was valued at US$ 73.4 Mn in 2022 and is projected to reach US$ 105.0 Mn by 2031, expanding at a CAGR of 4.1% during the forecast period from 2023 to 2031. This steady growth is driven by the increasing demand for high-speed optical devices, the rising adoption of 5G and IoT, and the widespread d
Micro Switches Play Crucial Role in Electrification of Consumer Devices
The global micro switch market, valued at US$ 5.9 Bn in 2022, is projected to expand at a CAGR of 5.4% from 2023 to 2031, reaching US$ 9.2 Bn by the end of the forecast period. This growth is driven by widespread application of micro switches in industrial control systems, HVAC equipment, consumer electronics, and especially the booming electric ve
Power Electronics Sector Sees Boom in SiC MOSFET Demand
Silicon carbide (SiC) MOSFETs are revolutionizing power semiconductor applications with their superior efficiency, high-temperature tolerance, and compact design advantages over traditional silicon MOSFETs. SiC MOSFETs enable higher voltage capabilities, reduced switching losses, and smaller form factors—making them highly suitable for electric v
RF Component Integration in Cars Fuels RF Chip Inductor Market Growth
The global RF chip inductor market, valued at US$ 878.9 Mn in 2022, is projected to reach US$ 1.8 Bn by 2031, expanding at a CAGR of 8.1% from 2023 to 2031. Driven by rapid advancements in wireless communication, miniaturization of electronic devices, and increased integration of RF components in automobiles, the market is poised for robust growth