The semiconductors and related devices market consists of sales of semiconductors and related services. Semiconductors are materials which have an electrical conductivity falling between conductor and an insulator. Semiconductor devices are the components made out of material which is neither a good conductor nor a good insulator material and are useful because their behavior can be easily manipulated by the addition of impurities, known as doping. Conductivity of the device can be controlled, by exposure to heat, introducing electric or magnetic field or by the mechanical deformation. These devices have wide applications in power devices, light emitters, lasers and optical sensors due to their reliability and compactness.
The global semiconductors and related devices market were worth $570.1 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 4.82% and reach $688.2 billion by 202
