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The global redistribution layer material market accounted for US$ 105.4 Mn in 2018 and is expected to grow at a CAGR of 25.7% over the forecast period 2019-2027, to account for US$ 794.5 Mn by 2027

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LONDON, March 11, 2019

The global redistribution layer material market accounted for US$ 105.4 Mn in 2018 and is expected to grow at a CAGR of 25.7% over the forecast period 2019-2027, to account for US$ 794.5 Mn by 2027. The demand for redistribution layer material is largely influenced by the rising applications in consumer electronics devices, data centers, IoT sensors and communication devices across the globe. The rising number of consumer electronic devices and rapid adoptions of cloud storages would drive the redistribution layer material market.

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The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet.Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years.

Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT.

The number of mobile subscriptions exceeds the population in many countries, which is largely due to inactive subscriptions, multiple device ownership or optimization of subscriptions for different types of calls.As a result, the number of subscribers is lower than the number of subscriptions.

Today, there are around 5.3 billion subscribers globally compared to 7.9 billion subscriptions. Also, 98 million new mobile subscriptions was observed globally in first quarter of 2018. Huge populations of India and China are further proliferating the growing penetration of smart phones and other consumer electronic devices. Additionally, the Government initiatives towards digitalization of economies in these countries is leading to exponential growth of data traffic over the internet in these countries and also on a global scale for other developing economies. Brazil, Uruguay, Argentina, Chile, Colombia, UAE, Saudi Arabia, South Africa, Vietnam and Singapore are other major countries embracing the path of digitalization and resulting in huge influx of data over the internet.

The overall redistribution layer material market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the redistribution layer material market.

It also provides the overview and forecast for the global redistribution layer material market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Rest of World (RoW).Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis.

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The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Redistribution Layer Material industry. Some of the players present in the redistribution layer material market are NXP Semiconductors N.V., Samsung Electronics Co. Ltd, Shin-Etsu Chemical Co., Ltd., SK HYNIX INC., Sumitomo Bakelite Co., Ltd, The Dow Chemical Company, Toray Industries, Inc., and Taiwan Semiconductor Manufacturing Company Ltd. Among others, Fujifilm Holdings Corporation, Hitachi Chemical DuPont MicroSystems L.L.C., and Infineon Technologies AG are other prominent players in the redistribution layer material market.

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Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the redistribution layer material market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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