Electronics Asia Conference 2022 Puts Spotlight on IoT, Automotive Electronics, Wireless Technologies, and the Semiconductor Supply Chain – QNT Press Release




TAIPEI, TAIWAN, Aug 26, 2022 – (ACN Newswire) – The global semiconductor revenue is expected to reach $661 billion in 2022, up by 13.7% year-over-year, according to International Data Corp. (IDC). While industry demand was driven by the industrial and automotive industries in 2021, IDC expects 5G, consumer electronics, wireless technologies, datacenters, and wearables will continue drive demand this year.




The Asia Pacific region, which dominated the global semiconductors market in 2021, is projected to exhibit the highest growth rate from 2022 to 2028, mainly driven by the surge in the adoption of high-end devices and growing demand for consumer electronics, according to market analyst BlueWeave Consulting.

In particular, the Internet of Things (IoT) market in Asia-Pacific region (APEJ) will continue to grow this year, accelerating by 9.1% from 6.9% in 2021, according to IDC. Despite supply chain issues and geopolitical tensions, rising demand for remote operations, better network coverage, and the deployment of commercial 5G and testbeds are driving IoT adoption in the region, …

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center