Microelectronic components are utilized in a variety of products such as mobile phones, TVs, personal computers, microwave ovens, calculators, fax machines, camcorders, stereo players, Internet of Things (IoT) devices, and others that play an important part in the modern human existence. One of the factors predicted to drive growth in the worldwide microelectronics market throughout the forecast period is the rising utilization of microelectronics devices such as resistors, transistors, capacitors, inductors, diodes, and others in various industries around the world. Microelectronic devices are employed in a variety of industries, including construction, medical, industrial, military and aerospace, transportation, and consumer electronics.