GDP Increase In IC Market is Good for Biotech Industry
Science and technology are some of the fastest growing industries in the global marketplace. New innovations and breakthroughs in both biotechnology and computer sciences have created a market niche that’s poised for explosive growth. Biotech integrates biological materials with other forms of technology to create revolutionary solutions to problems that can’t be solved by tech alone.
The potential for new discoveries in these fields is endless and can contribute to the development of other areas in the market. The Gross Domestic Product (GDP) represents the financial health of the global economy and can correlate with positive changes in the biotech industry.
A recent report released by the Bureau of Economic Analysis (BEA) predicts that the GDP will continue to rise in the second half of 2018 at a projected rate of 4.1-percent. This prediction is in direct correlation with a coefficient that determines how closely related certain industries are to the overall performance of the GDP.
The Integrated Circuit (IC) technology correlation coefficient is expected to reach .95 by 2022. Perfect correlation with the GDP is considered a coefficient measurement of 1, and .95 places this tech industry in a position to be accurately predicted using the GDP projections. With the constant rate of GDP growth, it’s safe to estimate the tech industry will progress in a similar fashion.
Mergers and acquisitions have joined major technological forces, reducing horizontal competition and lending additional power to GDP forecasts. This is good news for companies in the biotech industry, and for major producers of semiconductor FFUs and FFU for clean rooms. When determining the value of a single product, it’s imperative that you understand its role in the current biotech landscape.
FFU Tech for Clean Rooms on The Rise
Biotech FFUs (fan filtration units) use advanced filtration technology to remove contaminants from the air in industry clean rooms and to decrease pollution related to other industrial settings. This technology is still growing rapidly, making it a promising addition to the market as a whole. The introduction of new features and performance standards have created a lucrative niche for biotech FFUs that’s only now being tapped and developed into a more concrete industry fixture.
TES-Clean Air Systems is the leading supplier of standard, non-standard and custom engineered Fan Filter Units (Semiconductor FFU) as well as flat panel display equipment. We hope by checking out our website you will get an idea of our vast range of capabilities in the area of custom clean room filter solutions. For more information call 510.656.5333 or contact us online here through our website.