After a challenging year, the semiconductor industry marks a strong rebound as innovations continue amid resurging demand in every market sector.
The rapid growth in demand for generative AI, the increasing preference for electric vehicles (EVs), the widening roll-out of 5G, and the continuous trend toward industrial automation and digitalization are all fueling the growth of the semiconductor industry. After a challenging year, the semiconductor market returns to growth, driven by resurging consumer demand for the latest technologies and innovations, increasing proliferation of smart homes, and intensifying focus on sustainability and net zero goals.
Now on its third year, Electronics Asia Conference (EAC) will put the spotlight on trends and technology innovations that are driving the latest developments and new applications in market sectors including Internet of Things (IoT), Artificial Intelligence (AI), Embedded Systems, Industrial Automation, Smart Manufacturing, Supply Chain, and Wireless.

Day 1: Internet of Things (IoT) and Artificial Intelligence/Machine Learning (AI/ML)
The IoT market is estimated to be valued at $544.38 billion in 2022, according to Fortune Business Insights, and is forecast to grow at a CAGR of 26% from 2023 to 2030 to reach $662.2 billion at the end of the forecast period. Among the factors driving this growth are the advancements in digital technology in the industrial sector, increasing adoption of cloud-based IoT software, and growing need for improved supply chain management. In line with this growth, particularly of digitalization and the internet, is the proliferation of AI. Boosted by investments by leading technology industry giants, the AI market is expected to reach $2.57 trillion by 2032, up from $454.12 billion in 2022, and registering a CAGR of 19%, according to Precedence Research. The Asia Pacific market is expected to expand at the highest CAGR of 20.3% during the forecast period.
Day 1 of EAC 2024 will look at the trends, challenges, developments, and opportunities for growth in the IoT and AI/ML sectors.

Day 2: Automotive and Wireless
The automotive industry continues to be one of the key drivers of growth for the semiconductor industry, in line with the increasing electronics content in cars for safety, comfort, and entertainment, as well as the increasing demand for electric vehicles (EVs) amid the decarbonization trend.
Meanwhile, operators are increasingly rolling out 5G, as well as helping develop the next generation of mobile communications—6G. On top of this, Matter is increasingly being implemented, Wi-Fi7 is making its grand entrance, and Bluetooth is continuing its innovations. It has been a busy year for the wireless industry, and market developments and activities are expected to intensify as manufacturers gear up to support these new standards and specifications.
Day 2 aims to discuss the key technologies driving the wireless/RF and automotive electronics industries, the challenges, opportunities, what’s next, as well as the new innovations that the automotive industry will enable.