Transparency Market Research delivers key insights on the global chiplets market. In terms of revenue, the global chiplets market is estimated to expand at a CAGR of 40.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global chiplets market.
The global chiplets market is broadly affected by several factors, including increase in adoption of chiplets in the automotive electronics sector.
The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the chiplets market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.
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Chiplets Market: Industry Trends and Value Chain
The study on the chiplets market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
The use of chiplets has been increasing in more advanced and highly integrated semiconductor devices. These include microprocessors (MPUs), system-on-chip (SOC) devices, graphics processing units (GPUs), and programmable logic devices (PLDs). These are chips that combine different processing elements such as applications processors that integrate graphics, security engines, artificial intelligence (AI) acceleration, and low-power Internet of Things (IoT) controllers.
The demand for semiconductors and computing power is rising due to exciting new applications such as autonomous driving, XR, AI, and machine learning algorithms. The applications mentioned above are driving entirely advanced demands, as autonomous driving often requires specialized chips to provide the power necessary to fuel them.
Chiplets offer numerous advantages for developers of autonomous vehicles. Currently, autonomous driving is being introduced by various intermediate steps, and mid-class vehicles are likely to only permit partially autonomous driving in the near future.
Chiplets Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
- What are some of the recent brand building activities of key players undertaken to create customer value in the chiplets market?
- Which companies are expanding litany of products with the aim to diversify product portfolio?
- Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the chiplets market?
- Which companies have expanded their horizons by engaging in long-term societal considerations?
- Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
- What are the marketing programs for some of the recent product launches?
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The chiplets market in Asia Pacific is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and expansion of semiconductor and automotive sectors in the region. The market in Asia Pacific is anticipated to expand at a prominent growth rate, as compared to that in North America and Europe during the forecasting period, in terms of value, owing to rise in the adoption of chiplets in the semiconductor industry, rapid technological advancements in developing economies, and high investments in research & development in the region. Developing economies are witnessing an increased demand to achieve cost-effectiveness and high performance for semiconductor devices. In Asia Pacific, the market in China is growing at a prominent rate, as a large number of foundries are located in the country. Many fab and fabless companies are well-established in all countries.
The chiplets market in Asia Pacific is projected to expand further due to the significant rise in the demand for consumer electronics devices. The Asia Pacific market is estimated to cross a value of US$ 29.14 Bn by 2031. The chiplets market in North America is likely to grow at a notable CAGR of 38.8% during the forecast period, owing to the presence of a significant number of players manufacturing chiplets in the region.
Key players operating in the global chiplets market are Advanced Micro Devices, Intel Corp., Marvell Technology Group, Netronome, NHanced Semiconductors, Inc., NXP Semiconductors, Taiwan Semiconductor Manufacturing Company Ltd., Xilinx, and zGlue Inc.
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