Global Semiconductor Equipment Market Is Expected to Grow at a CAGR of 8.9% During the Forecast Period (2018-2026)

SEATTLE–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24CMI&src=ctag” target=”_blank”gt;$CMIlt;/agt; lt;a href=”https://twitter.com/hashtag/DiscreteSemiconductor?src=hash” target=”_blank”gt;#DiscreteSemiconductorlt;/agt;–According to Coherent Market Insights, the global semiconductor
equipment market is projected to exhibit an impressive CAGR of 7.2% over
the forecast period (2018 – 2026).

Key Trends and Analysis of the Semiconductor Equipment Market:

The semiconductor equipment industry is shifting to smaller, compact,
and cost effective products. From the consumer electronics to high
end-industrial sectors, semiconductor equipment have established their
distinct position in market. In the semiconductor industry, companies
that manufacture or supply semiconductor materials and equipment, are
expected to experience continued growth with rising technological
advancements. According to the Coherent Market Insights, the global
semiconductor market grew by 8.2% and reached US$ 61.79 Bn. in 2018, to
meet the rapidly rising demand for semiconductor equipment in AI
programs, such as autonomous vehicles, Internet of Things, and
AI-powered electronics. The semiconductors equipment are used
extensively in many consumer electronic devices, such as smartphones,
flat-screen monitors & LED TVs, military systems, and civil aerospace.
The industry is set to grow with a surge of needs such as AI
capabilities, long battery life and biometrics. Moreover, growth in
cloud computing, internet-connected devices, and artificial intelligence
will further contribute to growth of semiconductor equipment market.
However, semiconductors equipment market faces some major concerns with
respect to the higher R&D costs, fluctuating foreign exchange rates, and
regional imbalance in consumption patterns, which will impact the
semiconductor equipment market during the forecast period.

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The global semiconductor equipment market is segmented on the basis of
product type, application, equipment, end use, and region. Among product
type, semiconductor front-end equipment segment held the dominant
position in the market in 2017, owing to its ability to perform
lithography, surface preparation, deposition, etching, inspection, ion
implant, and thermal processing for manufacturing of semiconductor
equipment.

Among end-use, mobile handset segment held the dominant position in the
market in 2017, and is expected to retain its position throughout the
forecast period. Growing demand for the consumer electronics market,
particularly from the mobile phone and PC markets, as well as high
capital investments from leading chip manufacturers, such as SK Hynix,
Samsung, and SMIC are expected to drive growth of the semiconductor
equipment during the forecast period. For instance, the semiconductor
equipment in India is driven by increased adoption of mobile phones, and
increasing profusion of things such as household appliances,
audio-visual equipment or automobiles industry. The country has become
more prosperous, and as more people are able to afford these kinds of
devices, which in turn is increasing utilization of semiconductor
equipment.

Asia Pacific held dominant position in the global semiconductor
equipment market in 2017, and is projected to maintain its dominance
during the forecast period, owing to growing demand for consumer
electronics and integration of semiconductor equipment into devices
across various sectors such as industrial, automotive, military,
communications, etc. in the region. For instance, in December 2017,
Canon Inc., one of the Japanese optical products company, announced that
Company has commenced sales of a “200 mm option” for the FPA-5550iZ2
i-line1 and the FPA-6300ES6a KrF2 semiconductor lithography equipment.
These two systems are prominent for their ability to produce logic,
memory and image sensor devices required for IoT as well as automotive
technologies. This will enable Canon Inc. to respond even more quickly
to the demands of the market and customers, helping the company to
attain sustainable medium- to long-term growth.

Moreover, growth in semiconductor equipment has been propelled by
consumer electronics assembled for export, China’s domestic consumption
represents an increasing share of China’s semiconductor equipment
market. Domestic consumption is driven by data processing and
communications applications sectors, with consumer electronics.

To know the latest trends and insights prevalent in this market,
click the link below:

https://www.coherentmarketinsights.com/market-insight/semiconductor-equipment-market-2532

Key Market Takeaways:

  • The market is expected to witness a CAGR of 7.2% during the forecast
    period (2018–2026), owing to increasing development in semiconductor
    technologies and adoption of semiconductor equipment in various
    sectors.
  • An increasing digitization, product innovations in semiconductor
    equipment with aggressive research and development are some major
    factors driving growth of the semiconductor equipment market.
    Moreover, constant changes in technology, high costs and maintenance
    of the equipment and complexity of pattern and functional defects in
    manufacturing process in different regions are restraint the market
    growth.
  • Some of the major players operating in the global semiconductor
    equipment market include Applied Materials, ASML, Canon, Tokyo
    Electron, Lam Research, KLA-Tencor, Dainippon Screen and others.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting
firm offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.

Contacts

Mr. Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle,
WA 98154
Tel: +1-206-701-6702
Email: [email protected]

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