The global epoxy primer market is projected to reach USD 12.50 billion by 2026, growing at a CAGR of 4.90% from 2019 to 2026. The market is segmented by technology into solvent-borne technology and waterborne technology. The leading companies in the market include PPG Industries, Akzonobel, Nippon Paint, 3M, Sherwin-Williams, Jotun, Asian Paints, Kansai Paint, Axalta Coating Systems, and BASF SE. The market is also segmented by substrate into concrete & masonry. The market's expansion is geographically diverse, with significant growth opportunities in North America, Europe, and Asia-Pacific [765fcb09].
The North America conformal coatings market is projected to experience robust growth with a CAGR of 5.13% through 2029. The market is influenced by the demand for reliable and resilient circuitry in electronic devices. The adoption of nanocoatings, which leverage the unique properties of nanoparticles to create ultra-thin protective layers, is a groundbreaking trend in the market. The integration of IoT devices is driving market growth, as conformal coatings play a pivotal role in protecting electronic components. Reliability testing has become a driving force in the market, with manufacturers investing in comprehensive testing procedures to validate the effectiveness of conformal coatings. The North America conformal coatings market is estimated to reach a market value of $382.65 million by 2029, with a compound annual growth rate of 5.1% [195a8197].
The global surface mount technology market is projected to reach a revenue of USD 16 billion by 2036, growing at a CAGR of 8% between 2024 and 2036. This market is driven by the shift from through-hole technology to surface mount technology in various industries, such as consumer electronics, automotive, and healthcare. The demand for smaller and more compact electronic devices, the growth of wearable technology and IoT devices, and the need for advanced inspection technologies are key factors contributing to the market's growth [ebbfeb02].
The Asia Pacific region is expected to dominate the market, driven by the thriving consumer electronics and automotive industries, industrial automation, IoT proliferation, government support, and semiconductor manufacturing. The North America market is also expected to grow significantly, fueled by the aerospace and defense sector, healthcare and medical devices industry, and the expansion of 5G networks [ebbfeb02].
The inspection segment is anticipated to hold the largest share in the market, driven by the increasing demand for high product quality and the advent of Industry 4.0. The telecommunication segment is also expected to contribute significantly to the market's growth, driven by the surge in IoT-connected devices and the need for robust telecommunication infrastructure [ebbfeb02].
Key players in the market include Keystone Electronics, Orbotech Ltd, Cicor Group, Linx Technologies, CyberOptics Corporation, Nordson Corporation, Assembly Systems, Electro Scientific Industries Inc., and Viscom AG [ebbfeb02].
According to a recent report by IDC, the semiconductor market is projected to grow by 20% in 2024. The IDC has raised its 2024 semiconductor revenue outlook to $632.8 billion and predicts that the US market will remain resilient while China will begin recovering by the second half of 2024. The IDC sees better semiconductor growth visibility as the long inventory correction subsides in the PC and smartphone market segments. Automotive and industrial inventory levels are expected to return to normal in the second half of 2024. Technology advancements and flagship product introductions will drive more semiconductor content and value across market segments in 2024 through 2026. Wafer capacity pricing will remain flat next year as foundry suppliers improve utilization rates and demand returns. Worldwide semiconductor revenue is expected to grow to $526.5 billion in 2023 and reach $633 billion in 2024. IDC has upgraded its Semiconductor Market Outlook to sustainable growth and called the bottom of the correction [b3876adf].
The global Silicon Wafer market is projected to reach a valuation of US$ 13.2 billion by 2031, growing at a CAGR of 9.3% during the forecast period. The report by Transparency Market Research provides a comprehensive assessment of the market, including historical and forecasted market size, trends, and key stakeholders. The study analyzes macroeconomic and microeconomic factors that have shaped the industry dynamics and offers insights into customer value creation and government regulations. Key players in the market are focused on customer acquisition, mergers & collaborations, and new product launches.
The semiconductor lead frame market is projected to reach USD 5.53 billion by 2030, growing at a CAGR of 7% from 2023 to 2030. Semiconductor lead frames play a crucial role in the electronic packaging industry, providing a structural foundation for semiconductor devices. The market is driven by the surging demand for consumer electronics, the widespread adoption of IoT, and advancements in semiconductor packaging technologies. Key players in the market include Mitsul High-tec Inc., Shinko Electric Industries Co Ltd., Chang Wah Technology Co. Ltd, Haesungds, ASMPT, Ningbo Hualong Electronics Co. Ltd, Wuxi Huajing Leadframe Co. Ltd, QPL Limited, SDI Group Inc., and Dynacraft Industries Sdn Bhd. The market is segmented by material type (copper lead frames, copper alloy lead frames, iron-nickel lead frames, and others), packaging technology (through-hole technology, surface-mount technology, flip-chip technology, and others), and application (consumer electronics, automotive electronics, industrial electronics, telecommunication, and others). The North American, European, and Asia-Pacific regions are the key markets for semiconductor lead frames. The ongoing recession and the Russia-Ukraine war have both positive and negative implications for the market. The impact of the recession may lead to increased adoption of cost-effective lead frame solutions, while reduced consumer spending and economic uncertainty may hamper the demand for electronic devices. The Russia-Ukraine war may disrupt the global supply chain and pose obstacles due to geopolitical uncertainties. However, increased focus on domestic manufacturing and reshaping of global trade dynamics could open up new opportunities. The market is also influenced by factors such as the expansion of 5G technology, growing semiconductor production, and the increasing demand for miniaturized electronic devices. The market is expected to witness significant growth in the coming years, driven by the continuous growth of the electronics industry and the increasing emphasis on miniaturization in electronic devices. The market is dominated by copper lead frames and the consumer electronics segment. The North American market is driven by technological innovation and a robust electronics industry, while Europe is influenced by stringent regulatory standards and a growing emphasis on sustainability. The Asia-Pacific region dominates the market, fueled by key manufacturing hubs and a booming electronics industry. The market is impacted by factors such as the availability of raw materials, geopolitical uncertainties, and the demand-supply gap [355cf243] [ebbfeb02] [ea0f2dee].
The global Sandwich Panels market is valued at USD Million in 2023 and estimated to reach a revenue of USD Million by 2030, with a CAGR of 5.6% from 2023 to 2030. Sandwich panels are composite materials typically used in construction and engineering applications. They consist of three layers: two outer layers (known as face sheets) and a core material sandwiched between them. The face sheets are usually made of materials like metal, plastic, or composite materials, while the core material can be made of various substances such as foam, honeycomb, or corrugated metal. Sandwich panels offer efficient construction solutions due to their lightweight nature, which reduces the need for heavy structural support. This leads to faster installation times and lower labor costs, making them an attractive option for construction projects aiming to minimize expenses. Sandwich panels offer a quick and easy solution for emergency housing and temporary shelters in disaster-stricken areas. Manufacturers can collaborate with relief organizations and government agencies to provide prefabricated panels for rapid deployment in emergency situations, addressing humanitarian needs while also creating business opportunities [a3bfc5f7].
The North America Conformal Coatings Market is projected to experience robust growth with a CAGR of 5.13% through 2029. The market is influenced by the demand for reliable and resilient circuitry in electronic devices. The conformal coatings sector is interconnected with industries such as electronics, automotive, and aerospace, making it susceptible to fluctuations in the North American economy. The adoption of nanocoatings, which leverage the unique properties of nanoparticles to create ultra-thin protective layers, is a groundbreaking trend in the market. The integration of IoT devices is driving market growth, as conformal coatings play a pivotal role in protecting electronic components. Reliability testing has become a driving force in the market, with manufacturers investing in comprehensive testing procedures to validate the effectiveness of conformal coatings. The North America Conformal Coatings Market is estimated to reach a market value of $382.65 million by 2029, with a compound annual growth rate of 5.1% [195a8197].