With the rapid development of global technology, the demand for semiconductors in emerging industries is increasing. From artificial intelligence to the Internet of Things to new energy vehicles and smart devices, the demand for high-performance and high-computing chips in these fields has driven the continuous innovation and growth of the semiconductor industry. The demand for semiconductors in emerging industries is mainly reflected in the following aspects:
1. Artificial Intelligence (AI)
1. Drivers and market size
Artificial intelligence and the new intelligent applications it drives have become an important driving force for the semiconductor industry to continue to move forward. According to several predictions, AI will significantly drive the growth of the semiconductor market. For example, SEMI, an international semiconductor organization, expects semiconductor sales to grow by about 13% to 16% in 2024 to around $600 billion, with some forecasts even suggesting that it could reach $630 billion, mainly due to the surge in demand for AI computing power.
Handel Jones, CEO of International Business Strategy, a consulting firm, predicts that generative AI will affect more than 70% of semiconductor products by 2030, greatly boosting the semiconductor market.
2. Specific Applications
The demand for AI computing chips continues to grow, driving the development of related industry chains, including design, manufacturing, packaging and other links. For example, computing chip designers such as Nvidia and AMD, as well as foundries such as TSMC, have benefited from this.
The demand for high-bandwidth memory (HBM), a key component of AI accelerators, has also surged, and suppliers such as SK hynix and Samsung have seen significant growth.
Figure:New Industry Makes Semiconductor Demand Increase
2. New energy vehicles
1. Market growth
With the rise of new energy vehicles, the demand for semiconductors in the field of automotive electronics is growing rapidly. Especially in the fields of intelligent driving and charging piles, there is a stronger demand for high-power and high-efficiency semiconductor discrete devices.
The retail penetration rate of electric vehicles in the Chinese market has grown steadily, bringing market opportunities to international and domestic semiconductor manufacturers.
2. Specific Applications
Key components such as battery management systems, motor controllers, and on-board chargers in new energy vehicles require the support of a large number of semiconductor chips.
The popularity of intelligent driving systems is also driving the demand for semiconductor products such as sensors and processors.
3. Internet of Things (IoT)
1. Market size and growth
The rapid development and popularization of IoT technology is also driving the growth of the semiconductor market. The demand for semiconductors in smart homes, smart cities, industrial Internet of Things, and other fields continues to grow.
2. Specific Applications
Sensors, microcontrollers (MCUs), wireless communication modules, and more in IoT devices all require the support of semiconductor chips.
With the popularity and intelligence of IoT devices, the demand for semiconductor products will further increase.
Fourth, other emerging industries
1. 5G communication
The commercial deployment of 5G technology has promoted the upgrading of consumer electronics such as smartphones and tablets, which in turn has increased the demand for semiconductor components.
2. Cloud Computing and Data Centers
The development of cloud computing and data centers continues to increase the demand for high-performance computing chips, driving the market growth of semiconductor products such as server processors and memory chips.
In summary, emerging industries such as artificial intelligence, new energy vehicles, Internet of Things, as well as 5G communications, cloud computing and data centers have brought huge growth opportunities and demand creation to the semiconductor market. The rapid development of these emerging industries has not only promoted the innovation and upgrading of semiconductor technology, but also brought new growth points and development momentum to the semiconductor industry.
