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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According to TechSci Research 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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