The semiconductor manufacturing equipment market is expanding rapidly as semiconductor equipment is being used in linked devices and the automobile industry. More semiconductor devices are being embedded in the production of I.C. as I.C. designs become more complicated. The semiconductor has become an essential component of the electronic design process, lowering the cost of I.C. development, increasing end-product value, accelerating time-to-market, and decreasing time-to-volume. It assists businesses in filling the I.C. design gap.
Data Bridge Market Research analyses that the Global Semiconductor Manufacturing Equipment Market will grow at a CAGR of 9.5% during the forecast period of 2023 to 2030.
“Growing use of consumer electronics is bolstering the market growth”
The consumer electronics sector is being driven by rising disposable income and a desire for improved technological items. Consumers are becoming more technologically knowledgeable and incorporating new technologies into their jobs, daily routines, personal pleasure, and other activities. Smart gadgets are gaining a significant market share due to increased control, functionality, and other functionalities. Consumers are willing to spend more money on modern products that will improve their experiences and living conditions. Flexible electronics with flexible sensors are offered in the market as premium category products; thus, market growth is driven by the acceptance of premium products.
What restraints the growth of the Global Semiconductor Manufacturing Equipment Market?
“Disruptions brought in by the pandemic restrained the market growth"
During the first half of 2020, the COVID-19 pandemic impacted semiconductor supply networks and manufacturing processes globally, particularly in China. The primary reason was a labor shortage, which caused several semiconductor companies to shut down. This caused a problem for companies that rely on semiconductors.
Segmentation: Global Semiconductor Manufacturing Equipment Market
The semiconductor manufacturing equipment market is segmented on the basis of by equipment type, dimensions, product type, supply chain participant and fab facility equipment.
- On the basis of equipment type, the market is segmented into front end equipment and back end equipment.
- On the basis of dimensions, the market is segmented into 2D, 2.5D, and 3D.
- On the basis of product type, the market is segmented into memory, foundry, logic, M.P.U., discrete, analog, MEMS, and others.
- On the basis of supply chain participant, the market is segmented into foundry, outsourced semiconductor assembly and test (OSAT) companies, and integrated device manufacturer (I.D.M.) firms.
- On the basis of fab facility equipment, the market is segmented into factory automation, chemical control equipment, gas control equipment, and others.
Regional Insights: Asia-Pacific dominates the global semiconductor manufacturing equipment market
Since the Asia-Pacific area has a higher need for automotive and automation in the manufacturing industry than other regions, it is likely to dominate the worldwide semiconductor manufacturing equipment market. With rising consumer electronics usage, China is likely to dominate the market in Asia-Pacific.
Given the presence of important market participants, North America will have the fastest growth rate. Given the development of digital supply chain around the globe, the United States is likely to lead the market in North America.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-semiconductor-manufacturing-equipment-market
The Prominent Key Players Operating in the Global Semiconductor Manufacturing Equipment Market Include:
- ASML (Netherlands)
- KLA Corporation. (U.S.)
- Plasma-Therm (U.S.)
- LAM RESEARCH CORPORATION. (U.S.)
- Veeco Instruments Inc. (U.S.)
- Tokyo Electron Limited (Japan)
- Canon Machinery Inc. (Japan)
- Nordson Corporation (U.S.)
- Hitachi High-Tech Corporation (Japan)
- Advanced Dicing Technologies. (China)
- Evatec AG. (Switzerland)
- NOIVION (Italy)
- Modutek (U.S.)
- Q.P. Technologies (U.S.)
- Applied Materials, Inc. (U.S.)
- SCREEN Holdings Co., Ltd. (Japan)
- Teradyne Inc. (U.S.)
- TOKYO SEIMITSU CO., LTD. (Japan)
- Palomar Technologies (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global semiconductor manufacturing equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Semiconductor Manufacturing Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
