Virtual Fabrication in Semiconductors Market to be dominated by Foundries segment till 2026
Surge in demand for advanced
consumer electronics and the increase in the defect in semiconductor equipment
is expected to drive the demand for global virtual fabrication in
semiconductors market for the forecast period.
According to TechSci Research report, “Virtual
Fabrication in Semiconductors Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026 Segmented By Component (Software & Services), By
Software (Simulation, Design & Verification), By Services (Professional,
Managed), By End Use (IDM, Foundries), By Product Category (Chip Design &
Verification, Printed Circuit Boards and Multi-Chip Modules, Semiconductor IP
& Services) and By Region”,
the global virtual fabrication in semiconductors market is expected to witness
a growth of robust CAGR for the forecast period, 2022-2026. Semiconductor
development is a complex process, and with the introduction of the new
generation of devices, the process becomes more complex and expensive. The
conventional way of semiconductor testing is tedious and time-consuming for
testing of the advanced processes. The majority of the chip manufacturers use
the existing manufacturing process, and for the development and innovation in
the existing designing process, the testing process is performed. The growing
demand for efficient semiconductor manufacturing processes that can achieve the
required output creates huge potential for global virtual fabrication in
semiconductor market growth. The presence of highly skilled professionals around
the globe and the growing interest of youth to develop the needed skill set are
expected to fuel the global virtual fabrication in the semiconductor market for
the next five years. Also, the traditional approach for process development
requires the use of several wafers for testing and determining the best process
for a given device. The process is developed step after step, and the insights
obtained from the previous wafer manufacturing help gain information to make
the required changes in the next step. The cycle is repeated a number of times,
making the process more time-consuming and costly and creating the demand for
innovative methods like virtual fabrication technology for semiconductor
process development.
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Global
virtual fabrication in semiconductors market is segmented into component, end
use, product type, regional distribution, and company. Based on end use, the
market is bifurcated into IDM and foundries. The foundries are expected to
account for significant market share for the forecast period, 2022-2206. The
growing demand for technological advancements in the semiconductor
manufacturing process and the high demand for integrated circuits for different
applications are expected to drive the demand for foundries for the next five
years. Based on product category, the market is divided into chip design &
verification, printed circuit boards and multi-chip modules, and semiconductor
IP & services. The chip design & verification segment is expected to
hold the largest market share for the next five years owing to the massive
demand for the chips to make advanced electronic devices. To reduce the
unnecessary expenses and fasten the process of chip design and verification is
fueling the market demand.
Coventor,
Altium Limited, Silvaco, Inc., Breker Verification Systems, Inc., Siemens AG,
Cadence Design Systems, Inc., Synopsys, Inc., Autodesk Inc., Xilinx, Inc.,
Zuken Inc., Keysight Technologies, Ansys, Inc are the leading players operating
in global virtual fabrication in semiconductors market. Service providers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several virtual fabrication in semiconductors service
providers are coming up with their technologically advanced offerings.
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“The
rise in the initiatives by the leading authorities for the development of smart
cities and the use of connected devices and sensors to establish the connection
between the devices for real-time monitoring and analysis to generate
meaningful insights contributes to the development of the advanced
semiconductor process development processes. The growing demand for increased
accuracy in the semiconductor manufacturing process and the need for the
miniaturization of the integrated circuits are expected to boost the global
virtual fabrication in semiconductor market growth. The high demand for IoT
devices and the high-end investments in research and development by
semiconductor manufacturers is expected to propel the global virtual
fabrication in semiconductor market growth till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Virtual
Fabrication in Semiconductors Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026
Segmented
By Component (Software & Services), By Software (Simulation, Design &
Verification), By Services (Professional, Managed), By End Use (IDM,
Foundries), By Product Category (Chip Design & Verification, Printed
Circuit Boards and Multi-Chip Modules, Semiconductor IP & Services) and By
Region” has evaluated the future growth potential of global virtual
fabrication in semiconductors market and provided statistics & information
on market size, shares, structure and future market growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of global virtual fabrication in semiconductors market.
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