The increased use of smart devices and the anticipated adoption of wearable electronics are bolstering the development of microelectronics technologies. The pace of innovation will remain steady as demand for cheaper yet robust devices that enable low power consumption, high-speed data connectivity and increased efficiency continue to be in demand. Development in the electronics sector will drive the adoption of smart haptics, organic LED displays, encapsulation, wireless charging and near-field communication technologies as well.
Recent analysis from Frost & Sullivan,2015 Top Technologies in Microelectronics, finds that the following will be leading microelectronics technologies: wearable electronics, flexible electronics, smart lighting, wireless charging, near-field communication, transparent display, brain-computer interface, encapsulation technologies, smart haptics and touch and solid-state lighting.
Wearable electronics will have a high impact on consumer and healthcare applications while LED lighting along with technologies such as sensors and wireless communication will help develop greener solutions. Wireless charging of multiple devices in a short distance radius will also be widely adopted.
With significant work underway by various stakeholders across technology segments, the commercialization of new microelectronic products is expected in several industries, said Frost & Sullivan TechVision Research Analyst Jabez Mendelson. However, during the manufacturing of new products in the microelectronics sector, the difficulty to create a sustainable supply chain for commercialization will remain a challenge.
Besides supply-chain complexity, imposing factors such as the plummeting lifetime of electronic products and dynamic market needs could dampen the penetration of microelectronics across industries. With the emergence of more companies in the microelectronics industry, compliance with global standards has also become a concern.