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Thermal management technologies market forecast to total revenues of US$10Bn in 2017

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2013 Semiconductor Manufacturing Research Review - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-29 05:07:02
Spurred by increasing demand for smaller and smarter electronic products and systems, the semiconductor industry is characterized by intense innovation and constant flux.

Integral to virtually all technical equipment, semiconductor applications range from microwave ovens and televisions to flat-screen monitors and machine tools. While applications are expanding to utilization in all segments of the healthcare, automotive, and transportation industries at a tremendous rate, growth in this market is still very much linked to the ebb and flow of the global economy, environmental concerns, and local and regional regulations.

Semiconductor manufacturers and related companies must understand these developments in order to capture new opportunities in both domestic and international markets.

The market for thermal management technologies was valued at $6.7 billion in 2011 and reached $7 billion in 2012. Total market value is expected to reach $10.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 7.6%.

The market for microfluidics technologies was valued at nearly $5.1 billion in 2011 and $5.6 billion in 2012. Total market value is expected to reach nearly $10.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 13%.

The global market for thermal interface materials (TIMs) was worth nearly $426 million in 2011 and $458 million in 2012. The market is expected to grow to $762 million in 2017 at a compound annual growth rate (CAGR) of 10.7% between 2012 and 2017.

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