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Next-Generation Transistors Market Analysis

Next-Generation Transistors Market is expected to grow at a CAGR of 4% over the forecast period. Primarily due to the increase in the consumer electronics market. A billion transistors are present in the newest smartphones on the market, ensuring speedier gadget operation. According to IBEF, India's smartphone market revenue crossed USD 38 billion recently, with a 27% YoY growth. In addition, Xiaomi, a top smartphone company, shipped 39.5 million devices in Q2 2022.

• Semiconductor materials represent one of the significant innovations in the electronics industry. This can be accredited to their high electron mobility, wide temperature limits, and low energy consumption. According to SEMI, worldwide sales of total semiconductor manufacturing equipment by original equipment manufacturers reached a record USD 117.5 billion in 2022, rising 14.7% from the previous industry high of USD 102.5 billion in 2021 and forecasted to increase by USD 120.8 billion in 2023.
• The growing scope of advanced features in consumer devices is also fueling the need for fast and real-time processing. Furthermore, with the advent of IoT, features like AI, data analytics, real-time data transfer, and processing are becoming a basic necessity for any advanced devices, creating a massive opportunity for the studied market vendors. Furthermore, TSMC showcased its upcoming manufacturing process technology at the company's 2022 North America Technology Symposium, with the highlight being details of its next-generation 2nm node, known internally as N2. The company will go into production with the 3nm node at the end of 2022.
• Moreover, in April 2022, Scientists created what they believe is the first magneto-electric transistor that could help to make electronics more power-efficient. Along with curbing the energy consumption of any microelectronics that incorporate it, the team's design could reduce the number of transistors needed to store specific data by as much as 75 percent leading to smaller devices. It could also lend those microelectronics "steel-trap memory" that remembers exactly where its users leave off, even after being shut down or abruptly losing power.
• Further, many players in the market are shifting towards employing nanosheets in their manufacturing process. For instance, in June 2022, Taiwanese chipmaker TSMC revealed details of its much-anticipated 2nm production process node - set to arrive in 2025 - which will use a nanosheet transistor architecture and enhancements to its 3nm technology. According to the company. The newer generations of silicon semiconductor chips are expected to increase speed. They will be more energy efficient as process nodes shrink and the tech industry continues to fight to hang onto Moore's Law.
• Moreover, Post Covid 19 is affecting the production and manufacturing capacity of the semiconductor and other electronics components industry. For instance, in June 2022, according to sources in the Chinese Press, Shenzhen's Omicron lockout forced Huaqiangbei, one of the world's biggest electronics markets, to partially close once again. Huaqiangbei, a center for the supply of semiconductors, cellphones, and other electronics, is situated in the Futian District of Shenzhen. According to financial media Cailianshe, certain vendors in Huaqiangbeihave temporarily ceased operations as Shenzhen intensified measures to control the spread of the highly contagious Omicron Covid-19. These vendors include the first and second stores of HuaqiangElectronics World.

Next-Generation Transistors Industry Segmentation

A transistor is a semiconductor device that amplifies or switches electrical signals and power. The transistor is one of the basic building blocks of modern electronics. The study analyzes the market for various types of transistors that are evolving and using emerging materials other than Silicon in their manufacturing process.

The Next-Generation Transistors Market is segmented by Type (High Electron Mobility Transistor (HEMT), Bipolar Junction Transistor (BJT), Field Effect Transistors (FET), Multiple Emitter Transistor (MET), Dual Gate Metal Oxide Semiconductor Field Effective Transistor), End-User Industry (Aerospace & Defense, Industrial, Telecommunications, Consumer Electronics), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. The impact of Covid-19 on the market and its impacted components are also covered under the scope of the study. Further, the disruption of the factors affecting the market's expansion has been covered in the survey regarding drivers and restraints.