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Semiconductor & Electronics Market Research Reports
Published Date: 2013-05-20
Favorable regulatory conditions are expected to aid in increasing smart meter rollouts over the next few years. Initiatives from governments, other regulatory organizations, as well as electricity utility companies are expected to drive the market over the forecast period.Published Date: 2013-04-29
The rapidly growing automotive industry is expected to drive the microcontrollers market over the next five years. Hybrid electric vehicles are gaining popularity due to the plethora of environmental benefits they offer. This is estimated to result in increasing demand for microcontrollers, which can be primarily attributed to the large number of MCUs required for emission control and fuel efficiency in these vehicles. Additionally, price cuts in the industry due to high degree of competition are also expected to further market growth.
Published Date: 2013-01-25
The “Energy Efficient Lamps and Ballasts Market – Latin America (South America, Caribbean, Mexico, Brazil, Argentina, and Central America) Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2012 – 2018” report is designed to provide insight into the Latin America market for energy efficient lamps and ballasts, with focus on key growth regions, namely - South America, Caribbean, Mexico, Brazil, Argentina, and Central America.
Published Date: 2013-01-22
After the temporary setback because of economic recession, the world market for air conditioning systems is expected to see remarkable recovery due to increasing acceptance of air conditioning systems in households. This market is estimated to reach the value of 114.30 million units in volume sales by the year 2017. Growth in future is expected as a result of increasing adoption of energy efficient models, specifically, inverter based ACs, and rapidly growing replacement demand. Healthy demand from the Asian market is also expected to augment the growth of the air conditioning systems market. Improvements in consumer disposable incomes, increasing spending on power, and increase in construction activity in residential and commercial sectors are major factors spurring the growth of the air conditioning industry.
Published Date: 2012-12-18
This report categorizes the global ATE market on the basis of the type of test equipment and the end user segments. On the basis of the type of test equipment the market is classified into memory semiconductor ATE, non-memory semiconductor ATE and discrete ATE. The end user segments included in this report are IT & Telecommunication, Consumer Electronics, Automotive Electronics, Defense and others. The “Others” end user segment includes the industrial and healthcare sectors. The global ATE market has also been analyzed on the basis of key geographies, namely, North America, Europe, Middle East and Africa (EMEA), Asia Pacific and Rest of the World.
Published Date: 2012-09-24
This report is an effort to identify factors, which will be the driving force behind the commercial fluorescent lighting market and sub-markets in the next few years. The report provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the commercial fluorescent lighting industry in terms geography.Published Date: 2012-06-12
This report is an effort to identify factors, which will be the driving force behind the U.S. lighting products and ceiling fan market (by major retailers) and sub-markets in the next five years. The report provides extensive analysis of the current market trends in lighting products and ceiling fans, industry drivers and challenges for better understanding of the lighting products and ceiling fan market structure.
Published Date: 2012-06-04
The objective of the study on “Image Sensors Market - U.S. Market Analysis and Forecast” is to gain detailed market insights for key U.S. image sensors market segments that include Charge Coupled Device (CCD) image sensors, Complementary Metal Oxide Semiconductors (CMOS), n-Channel Metal Oxide Semiconductor (NMOS) image sensors, Indium Gallium Arsenide (InGaAs) image sensors and X-ray images sensors.Published Date: 2012-04-04
This report is an effort to identify factors, which will be the driving force behind the organic electronics market and sub-markets in the next six years. The report provides extensive analysis of the organic electronics industry, current market trends, industry drivers and challenges for better understanding of the organic electronics industry structure. The report has segregated the organic electronics industry in terms of application and geography.
Published Date: 2011-11-16
LED lighting is enjoying robust growth because of its exceptional features that include high energy-efficiency, long operational life and robust weather resistant design. Lighting accounts for about 18% to 20% of total energy consumption globally; and about 27% to 30% of total energy consumed for domestic purposes. LED lighting applications are likely to see double-digit growth with the highest market share in overall lighting market post 2020.
Upcoming Market Research Reports in Semiconductor & Electronics
Home security is a growing global market due to the need for safety and increasing crime rates in different parts of the world. The electronic security equipments market foresees tremendous growth potential in the upcoming years due to the growing demand for home security solutions.
Electric accumulators, commonly known as rechargeable batteries, are extensively used in various industrial sectors. They find applications in fields such as activated carbon, audio-visual equipments, and coating machines among many others. These accumulators include motor vehicle lead-acid, nickel-cadmium (NiCad) and the newly developed nickel-metal hydride (NiMH), and lithium ion polymer (LiPoly or LiPo) type batteries.
Transparent electronics is an emerging technology that focuses on producing optoelectronic devices and invisible electronic circuitry. It conducts transparent conducting oxides (TCO) such as In2O3, SnO2, ZnO, and CdO. Transparent electronics dramatically change the use and look of electronic devices. They increase the potential of innovative products by adding features like the ability to display information on an automobile windshield or surfing the Web on top of a tea table.
Semiconductor memory is an essential constituent for today’s electronic devices. It’s a kind of device in which digital information is maintained by using IC (Integrated Circuit) technology. These memories are classified on the basis of types of data access and types of data storage and these mechanisms can be categorized in two groups that are volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory).
Electrophoresis is a method used for separating molecules in research and clinical laboratories. Depending upon their electrical charge and size an electric current is passed through a medium that contains the mixture of molecules. Separation of the molecules takes place according to the kind of molecule, it size and electrical charge.
Growing need for connectivity and changing consumer preferences are some of the major factors fueling the growth of the connected car market. A connected car is equipped with internet access and with a wireless local area network. This facilitates the car to share this access with other devices, both internally and externally. In the present scenario, connected cars (especially electric cars) are grabbing the opportunity to grow along with a rise in smartphones, and related applications interact with the car from any distance.
Load cell devices, a critical instrument which measures impact of force by transforming it in to electrical signals, is widely used in weighing devices, both analogous and electronic. The growth in market is driven by increasing competition due to rise in number of players both in international and domestic markets. The technological advancement made in the field of transducers, which have helped minimize the instrumental errors have further helped in boosting the growth.
Electronic components may be broadly classified as active and passive. Unlike the latter, active electronic components possess a p-n junction and need a minimum energy threshold in order to function. Active electronic components constitute the electronic circuitry in a number of devices and can be divided into transistors, diodes, and semiconductors among others.
A signal generator is an electronic device that generates electronic signals of known oscillating voltages to test electronic instruments. Some of the factors driving the growth of this market are increasing demand for signal generators with greater precision, advanced features, and functionality of electronic devices.
An aircraft is made up millions of complex parts. The fate of airline companies depends on the health of the aircraft and with increased number of aircrafts worldwide and increased scope of the travel and tourism sector, various new aircrafts projects are coming up. The aircraft health monitoring systems market is booming and the future holds great potential.
The global display market has shown remarkable progress in recent years and is also showing attractive market potential for the future. The market has a huge share in smartphones and related applications and is expected to be the major technology for TV, smartphones, and relevant applications. North America holds majority of the market share and is followed by Europe and the Asia-Pacific regions.
Gallium nitride (GaN) is a very hard material with a crystal structure and due to its special properties it is used in high frequency and high power devices such as modules, electronic equipments, packages, and other similar devices. Gallium nitride has special properties such as high thermal conductivity and a high heat capacity.
A wireless chipset or wireless adapter or wireless internet card is an internal hardware design used in computer or wireless communication systems to communicate with other wireless enabled devices. These chipsets are primarily used in hardware including external wireless local area network (WLAN) adapters or WLAN cards. The most common wireless chipsets used in computers is wireless cards with 802.11g or 802.11b wireless technology.
The global wireless HD market has shown remarkable progress in the recent years and is also showing good market potential in the future. A wireless HD is used in many applications such as in medicine, industrial processes, and consumer electronics. Some of the recent applications of wireless HD are portable media players and portable gaming devices, HD camcorders, and 3G/4G mobile communications handsets.
A superconductor is a material that transfers electrons at critical temperature (Tc) from one atom to another without generating any resistance (heat, sound, or any other form of energy). The demand for superconductors is growing rapidly due to their increasing applications in commercial, health care, and industrial sectors. Superconductors are also widely used in technologically advanced studies and in magnetic resonance imaging.
A photonic integrated circuit or PIC is a device that integrates a number of photonic functions and is analogous to an electronic integrated circuit. PIC is a breakthrough technology as it uses photons as a data carrier rather than electrons. As light travels at a high speed, photonic integrated technology is extensively used for transferring huge amount of data at high speed. Hence, PIC technology based products are largely used in optical fiber communication.
Nanoelectromechanical systems, commonly referred to as NEMS, are systems which impart electrical and mechanical functionality on a nano scale. Some commonly used NEMS devices include sensors, cantilevers, accelerometers, and tweezers. NEMS are an advanced and miniature form of MEMS (microelectromechanical systems). NEMS offers a variety of advantages over MEMS due to which the former are expected to be preferred over MEMS in applications requiring high frequencies.
Smart antennas are also known as multiple antennas or adaptive antennas (MIMO) and are used for identifying the direction of the arriving signal at the receiver or transmitter or both. Owing to authorization of 802.11 standards along with increasing applications of wireless technology in mobile communication and defense, the global market for smart antennas is expected to grow at a significant rate from 2012 to 2018.
The developments taking place in the field of transportation and technology, coupled with the rising incidents of traffic congestions and road accidents, has given rise to the demand for an intelligent transport system (ITS). The purpose of an ITS is to integrate real time information and provide it to the users, who can then make careful decisions and make their travel plans accordingly.
Photonics is the technology or area of study that involves the study of different forms of radiant energy whose unit is photon. The electronic applications use the electron, whereas the photonic applications use photons. At present, the photonics market is growing at a rapid pace compared to other high-tech industries in the world. Photonics are used in spy and weather satellites, optical imaging and optical communication.
The growing automotive industry and continuous technological developments have transformed the driving experience completely. Cars in today’s world are equipped with unprecedented numbers and types of advanced gadgets. Be it the GPS system or entertainment systems, everything is going digital and driving the global market for automotive electronic devices. Electronic components in vehicles make up more than 30% of the production cost, and this is expected to rise.
Asia-Pacific dominates the current market with more than half of the global market share and is expected to post double digit growth from 2012 to 2018. This growth is accelerated by the growing industrialization in emerging countries such as India and China. Europe is the second largest market because this industry will grow at a slower rate due to the current debt crises in the region.
Roll to Roll technology (R2R), also known as reel to reel processing, is an upcoming flexible electronics technology enabling advanced manufacturing in the sector. Roll to Roll technology includes several rollers forming a web, around which a substrate is routed through various fabrication operations.
The solid state transformer (SST) market is in its nascent stage but is expected to grow exponentially due to its numerous advantages. An SST consists of semi-conductor based components and diodes which are capable of handling high power and fast switching of current. The SSTs have in-built hardware which allows them to communicate with the operator and consumer. The reduced size provides for higher efficiency along with better automation and control. The SST market is estimated to grow with a CAGR of 81% from 2012 to 2018. The solid state transformer market can be classified based on the product type, components, application and geography.
Surface acoustic wave (SAW) devices have been gaining popularity these days due to their increasing applications in different fields such as industries, military, communication, safety monitoring, and many more. These acoustic wave devices are now used as filters, resonators, sensors and actuators. These devices can be used in both liquid and gas environments since they are highly sensitive to surface changes. These have been helpful in measurement of several parameters such as liquid density, pressure, temperature, electrical conductivity, liquid viscosity and so on.
Supercapacitors are the devices having electrical characteristics between capacitors and batteries. Supercapacitors are the energy storage devices that can charge quickly and store electrical energy in a small package. Capacitors were initially used for faster operating speeds rather than durability; however, most companies and manufacturers are now focusing on developing the capacitors that can match batteries in both areas. Supercapacitors market is rapidly booming and the sales of these devices is forecasted to reach the value of $3 million by the year 2016 due to their increasing use in mobile phones, electric vehicles, energy harvesting, renewable energy, and other products.
The global printed electronics market is a widely growing sector in recent years owing to the many benefits it offers such as long switching times, simple fabrication and low fabrication cost. The Asia Pacific market holds majority of the market share closely followed by North America. The market in Europe also holds immense growth opportunities owing to developments in Eastern Europe. The global printed electronics market could be segmented into three major categories, on the basis of materials into: substrates and inks, substrates could be segmented into glass, plastic and paper and inks could be segmented into conductive inks and dielectric inks.
Power management integrated circuits (PMICs) are used to manage a server’s power requirements. PMICs are included in battery operated devices such as media players and mobile phones. Demand for PMICs is increasing due to the rising demand for portable gadgets with multiple functionalities. The global PMIC market also includes LED lighting, electric vehicles, energy harvesting and renewable energy markets. The global market for PMICs has shown remarkable progress in recent years and is also showing attractive market potential for the future. The global PMICs market has registered sales revenue at USD 15.8 billion in 2011 and is projected to exceed USD 26 billion by 2018 growing at a healthy CAGR of 7.4% from 2011 to 2018.
Power over Ethernet is the technology that offers transfer of electrical signals (power) and data over existing cabling, avoiding the use of separate power cords. Power is supplied in common mode over two or more differential pairs of wires found in Ethernet cables and comes from the power supply within PoE enabled networking device like Ethernet Switch. PoE chipset market is gaining momentum in developed economies as a result of more number of internet users and need for faster and effective communication in minimum costs. Implementing the PoE chipsets for transferring data signals, information can be successfully transferred over power cables, thus saving the cost for setting up of separate network of cables. PoE chipset industry is also expected to witness significant growth in developing markets with the increasing number of end users every day.
Microwave equipment market is witnessing constant growth rate driven by need for operators to install new base stations for providing better quality of experience over LTE networks. One of the major factors contributing to the growth of microwave equipment market is increasing adoption of Ethernet based microwave transmission. Apart from these growth drivers, high development cost is the major challenge faced by microwave equipment industry.
Increasing use of renewable energy sources, aging infrastructure, and rising demand for electricity are encouraging the need to improve transmission efficiency and energy security, thus contributing to the growth of electrical transmission and distribution market. This market is forecasted to reach the market value of $33.45 billion by the end of the year 2012 owing to the technological developments in transmission grid technology.
Video analytics holds great promise, enabling enhanced security and surveillance solutions by automatically monitoring video with specific objective. Video analytic system can provide real time alarms based on defined rules without the need for human interface. This enhances operation effectiveness by working 24/7, reducing the amount of video data to be reviewed by human operators, and thus enabling a high level accuracy of video monitoring.
CLEC market is growing in demand in developed countries with huge numbers of telephone users, increasing need for faster communication, incorporation of advanced services, and emergence of small market players in the field. CLEC is also making significant progress in business sector by collaborating with incumbent local exchange carriers to provide services like wireless fidelity (Wi-Fi). The competitive local exchange carriers market is focusing on development and deployment of advanced services like VoIP (voice over internet protocol), particularly with phasing out of unbundled network element platform.
Electronics recycling is a process by which E-waste is to be recycled and that waste contains materials that are not biodegradable and harmful for environment. So by recycling the electronics products they can be used for resale and reuse. E-waste contains lead, cadmium, and many harmful components which cause serious health issues and pollution. Electronics recycling market is driven by many factors which supports the growth of this market. Increasing awareness about eco-friendly environment, the need to make the environment green and clean are some pushing factors. Governments are also drafting stringent policies regarding E-waste so that people know the benefits of recycling; these initiatives are taken by developed countries as well as developing countries.
AMOLED (active matrix organic light emitting diode) is the new technology utilized in mobiles and televisions, giving a bright and clear vision. The OLED is a technology that is characterized by a thin film coupled with the organic compounds forming the electroluminescent matter of the AMOLED. AMOLED comprise pixels of active matrix OLED that generate images when electricity flows through it which is controlled and regulated by the TFT displays present. Owing to the developments in AMOLED displays, the declining prices and rise in the per capita income of the population, the market of AMOLED displays is estimated to attain USD 14.1 billion by 2018.
Electronic displays convert electrical signals into visual images that are changed in real time by refreshing the memory when new information in the form of electrical signals is received. Electronic displays are proving much beneficial in numerous applications such as televisions, mobile phones, computers, among others and replacing traditional mechanical displays like galvanometers, counters, paper displays, and others. Technological development in the field of electronics is resulting in the increasing use of electronic devices over mechanical devices. Low price, minimum maintenance, and re-usability for number of display applications are some important driving factors for the electronic displays market.
The field of lighting is witnessing remarkable technological developments since the past few years, especially in the area of compact fluorescent lamps (CFL). Conventional incandescent lamps are replaced by CFL and LED (light emitting diode) lamps. LED lighting is experiencing a healthy growth due to its exceptional features like high energy efficiency, longer operational life, and weather resistant design. LED lighting applications are expected to witness significant growth with the highest market share in the near future.
Digital cameras represent one of the most popular segments of consumer electronics products market and it has benefited immensely from digitization of consumer electronics products. The global economic downturn hampered the growth of this sector during the past few years; however, with global economy recovering from economic recession, this industry is expected to witness significant growth with more number of people buying digital SLR cameras. Increased competition and growing income levels of consumers are equally responsible for driving the demand of digital cameras in the global market. Technological advancements like introduction of touch screen technology and HD quality in cameras is also contributing to the rise in sales of compact digital cameras.
Optical transport network (OTN) is evolving due to the increasing need for faster communication and increasing congestion of mobile networks. OTN networks are used in a variety of applications like video, voice, and storage. They are also used for supporting higher data transfer rates, thus allowing carriers to scale swiftly to support the tremendous growth of data traffic on their networks. Technological developments by hardware manufacturers for producing new equipments are in the last phase that will make use of advanced features and add value to transport networks.
Technological developments in the consumer electronics industry and product innovations are some of the major factors driving the growth of this market. Emergence of new players owing to increasing growth opportunities in the consumer electronics field is also contributing to the growth of this market. Research and development is been made to develop cost effective consumer electronic goods with innovative designs to withstand the increasing competition.
Driven by the rapid demand in automotive and cell phone industry, the global market for magnetic sensors is expected to witness double digit growth rate during 2012 to 2017. Introduction of GPS technology in cell phones is contributing to the growth of the magnetic sensors Industry.
With constant innovation in sensors technology, there has been an increase in the use of motion sensors in various applications thus providing a boost to the overall motion sensors market. This market is expected to grow exponentially in the next few years at a double digit compounded annual growth rate. This research report analyzes the sensor market on the basis of its segments and major geographies.
Optical position sensors are used in variety of applications such as cameras, barcode readers, laser printers, toys, video games, optical mice, automotives, etc. With technological encroachment in optical position sensors, this industry is expected to witness double digit growth in the near future. This research report analyzes the global optical position sensors market for discussing the detailed overview and market figures. It analyzes industry growth rate¸ industry capacity, industry structure, and current developments in the optical position sensor market, Porter’s five force analysis, and detailed profiles of top industry players.
Consumer electronics market requires higher performing, lower cost device setups for various applications, thus resulting in the reduction of chip thickness from the traditional 500ì thickness to about 40 ìm. Main applications which essentially require temporary bonding are Advanced Packaging applications (TSV, interposers and Fan out WLP), Power Devices (IG BTs), and RF Devices & LED s. To avoid difficulties during the production of such chips various techniques and developments are being introduced in the traditional process, thus temporary bonding technology is expected to witness the growth of more than 500% during the period of 2012-2018.
A sudden drop in prices of silicon solar cells is leading to growth of thin film solar cells. Thin batteries are competing with large volumes and low costs of coil cell batteries. Optimized performance, reduced cost and unique selling points are important factors that need to be considered to survive in an increasingly competitive market. The photovoltaic market has been growing rapidly over the past few years.
Recent developments in temperature sensor technology have resulted in tremendous growth in this field. Today, the temperature sensor market is dominated by contact type sensors like thermocouples and RTDs (Resistive Temperature Detectors), but there can be a strong competition between contact and non contact type sensor technologies for holding the maximum market share. Non contact type sensors are dominated by the infrared sensors (IR), which are generally used for high temperature applications.
The printed and flexible sensor market represents recent trends in the development of devices that extend primary sensory abilities of humans. Such sensors are standalone devices that will enhance one’s comfort while measuring different physical parameters. Printed and flexible sensors offer distinct advantages over non-printed sensors like low cost, small size, flexibility, efficiency, and built on variety of substrates. Such sensors are adding intelligence to industrial processes, packaging, toys, etc.
The lithium–ion battery market is experiencing an upsurge in demand due to the increased use of these batteries in automotive applications. The major advantages of this energy sources are features such as light weight, environment friendly, rechargeable, slow loss of charge when not in use and others. After the successful application of lithium-ion batteries in the consumer electronics market, it is being adapted for industrial applications as well.
Flexible electronics industry combines technical sectors such as polymers, advance materials, flexible displays and more. Each of these sectors are creating new applications in flexible electronics devices, which are applied in medical, advance energy, military, industrial and consumer markets. The flexible electronics industry is driven by the global need to create products which are small, light weight and consume less power. As such devices have flexible structure, low manufacturing cost and are more resistant to shock; they can be integrated with various industrial applications.
The MEMS combines both electrical and mechanical components on single chip, thus enabling smart products with computational ability of microelectronics and perception, control capabilities of micro sensors and micro actuators.
The global inertial sensors market is witnessing growth due to the availability of small size, robust and cost effective sensors. However, accuracy issues in applications like navigation systems are posing a serious challenge to the growth of this industry.
The automotive industry provides a strong base for the global sensor market.. The basic applications of sensors in the automotive industry are electronic and electrical systems for more comfort and safety. Automobile manufacturers are making use of advanced electronic elements to provide safety, eco-friendliness, and fuel efficiency.
The major reasons for the continuous fluctuations in the gas sensors market are technological developments, and economic crisis. This market is now expected to witness versatile growth in the coming years due to advancement in gas sensor technology and implementation of these sensors in different applications.
Image sensors are used for improving quality control and product yield in different production environments. These sensors are integrated in different applications to reduce costs by understanding key technology and market trends.
Factors such as increasing demand and cost of energy along with ageing energy infrastructure are driving microgrid market globally. Microgrid market is expected to grow at a CAGR of 13.7% during the period of 2012-2018. With advantages such as fewer line losses, lower demand of infrastructure and the ability to rely on more localized sources of power generation, microgrid is gaining more popularity in commercial, military and industrial sectors.
From the current market size of $ 1.8billion it is expected that Nanophotonics Market will grow at a CAGR of more than 100% over the period of 2012-2018. Nanophotonic light-emitting diodes will account for the maximum share of Nanophotonics Market followed by the Near-field optics segment.
This industry is expected to grow at CAGR of more than 18% over the period of 2012-2018. Among all the major segments, plug-in HEVs segment of electrical vehicles industry will experience the maximum growth, registering a CAGR of more than 80% followed by the hybrid electric vehicles segment with a CAGR of 19% during 2012-2018.
Smart Grids enhances the reliability, efficiency and sustainability of electricity services by reducing transmission and distribution losses. Smart Grid improves grid reliability by monitoring power outage durations and regional blackouts with the help of various software’s such as DRM, MDMS among others and communication networks.
The Smart grid market is set to witness double digit growth rate in the coming future owing to the stimulus given by the governments of various countries.
Lasers are devices, which emits light when passed through optical amplification process based on photon emissions. There are various types of lasers available in the market; some of them are Gas lasers, fiber lasers, and photonic crystal lasers among others. Among all the regions APAC is leading the market, closely followed by North America and Europe.
Fiber optic sensors enable relaying of signals from a remote sensor to the destination where it can be processed. Some of the major factors driving the fiber optic sensor market are their small size, low on power consumption, high sensitivity and resistant to electromagnetic interference among others. These sensors are characterized as intrinsic and extrinsic fiber sensors.
The need to preserve environment and conserve energy is driving smart homes market. In a smart home all the equipments and devices are connected and can be controlled from within the house as well as from a remote location. Among all the regions North America is leading followed by Europe and Asia Pacific.
The increase in global temperature and rising energy costs is driving building insulation market globally. Insulation of buildings protects the indoor environment along with climate control by acting as a protective outer shell.
The Global Semi conductor market is estimated to be around USD 217.85 million in 2012. The market is expected to grow at a CAGR of 37.8% to reach USD 1,491.602 million by 2018. The raw material market for Silicon Carbide market is dominated by China and it holds around 68% of the global market share for raw material production indebting it to factors like low cost and superior quality of the raw materials.Some of the market drivers for the industry include the use of Silicon Carbide MOSFETs in the automobile industry especially in the Hybrid Electric Vehicles, increased investments in the military fields where Silicon Carbide is used for bullet proofing combat vehicles, and in high tech power electronics.
Semiconductor & Electronics Research
The electronics & semiconductor industry has becoming very competitive over the years due to decrease in profits by the manufactures, rising R&D expenditure and increase in competition. There is a lot of pressure on the manufactures to produce small products at faster pace which low price in the market. Manufactures are offering better performance products with competitive prices which is possible due to advancement in nanotechnology MEMs (Micro-electro-mechanical) systems.
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