The semiconductor electronics domain is flooded with a large number of small enterprises and multinational companies who are investing heavily in research & development activities to gain a competitive advantage in the industry. New product launches, technological collaborations, partnerships, and consolidations are prevalent in the sector, as companies try to establish a strong ecosystem for upcoming technologies. Rising demand for surveillance & security solutions are also expected to gain momentum over the coming years as organizations are anticipated to invest heavily in safeguarding critical information and securing data storage & remotely accessible platforms.