Market Research Future (MRFR) highlights that the Advanced Electronic Products to Lead Globally 3D ICs market 2022. Asia-Pacific Region is leading the 3D ICs market
The fast-emerging 3D ICs market 2020 is noticing escalated growth, which has been recorded at a CAGR of 17% by Market Research Future after an in-depth study. It has also noted down that the market has high chances to reach a higher valuation by the year 2022, which is being instigated by various factors counting at the world level. Such a growth scene will take place during the years 2016 to 2022, which is stated to be the market’s forecast period. The market will gain maximum prominence during these years.
Top Impacting Factors
The global market for commercial telematics is observing the opportunity of expansion from a series of factors prevailing across the world and affecting the shares accordingly. The foremost factor considered for the market to expand is advancements in electronic products. The main objective of designing 3D ICs is to achieve optimum electrical performance benefits. The global 3D IC market has shown commendable growth for the last few decades and is now likely to nurture at a decent pace in the next coming future.
With the mounting demand for miniaturization of consumer electronics and communication technology, a 3D IC is being considered as a model solution as it enables the development of high performing microchips with the low-power consumption capability and small form factor.
Top Market Contenders
The well-known market contenders in the global 3D IC are mentioned as Tezzaron Semiconductor Corporation, and BeSang Inc., Xilinx Inc., United Microelectronics Corporation, Monolithic 3D Inc., Intel Corporation, 3M Company, and, IBM Corporation.
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Segmentation of Market: 3D IC
From the viewpoint of segmental analysis, the global 3D IC market is studied among various technology, components, products, and applications.
From the viewpoint of the region, the global commercial telematics market study is conducted among crucial regions such as North America, Europe, Asia Pacific, and the rest of the world.
Asia-Pacific is leading the global 3D IC market with the largest market share owing to promising demand from the growing consumer electronics market in the region. This is expected to expand with the highest revenue by the year 2022.
Whereas, North America region will also expand as the second-highest market after Asia-Pacific in the forecast period owing to the rising demand for ICs in the U.S. and Canada region.
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