The global semiconductor manufacturing equipment market size is projected to reach USD 119.00 billion by 2026, thereby exhibiting a CAGR of 8.0% during the forecast period.
It is expected to gain impetus from the launch of advanced process technologies and products for end use industries. Nowadays, integration of semiconductors is becoming a very common factor on account of the rising innovations in products, namely, wearables, smart homes, smart devices, medical devices, and vehicles. It would also augment market growth. This information is published in a recent report, titled, “Semiconductor Manufacturing Equipment Market Size, Share & Industry Analysis, By Equipment Type (Front-end Equipment, Back-end Equipment), By Dimension (2D, 2.5D, 3D), By Application (Semiconductor Fabrication Plant/Foundry, Semiconductor Electronics Manufacturing, Test Home) and Regional Forecast, 2019-2026,” by Fortune Business Insights™. The report further mentions that the market stood at USD 64.55 billion in 2018.
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Most prominent companies operating in the semiconductor manufacturing equipment market. They are as follows:
- Dainippon Screen Group
- Applied Materials, Inc.
- Canon Machinery Inc.
- Tokyo Electron Limited
- Ferrotec Holdings Corporation
- Lam Research Corporation
- ASM International
- KLA Corporation
- Hitachi High-Technologies Corporation
- Other key market players
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Integration of Semiconductors to Propel Market Growth
The market is set to expand in the coming years owing to the increasing usage of semiconductors in the electric, connected, and autonomous vehicles. In today’s technology-driven world, semiconductors are often integrated into a single chip for hassle-free usage in smart homes, medical devices, wearables, smart devices, and others. It is occurring as the consumers are rapidly inclining towards compact sized products across the world. All these factors are anticipated to boost the semiconductor manufacturing equipment market growth in the forthcoming years.
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Asia Pacific to Lead Stoked by the Presence of Many Renowned Manufacturers
In terms of region, the market is fragmented into Latin America, North America, the Middle East & Africa, Asia Pacific, and Europe. Out of these, Asia Pacific had generated USD 34.38 billion semiconductor manufacturing machines market revenue in 2018 and is likely to retain its dominant position in the coming years. This growth is attributable to the presence of several industry giants in Taiwan and China. The International Trade Administration, for instance, stated that emerging countries, such as Korea and Japan, stood in the top positions in terms of exportation of semiconductor equipment in 2016.
Europe, on the other hand, is expected to grow considerably owing to the participation of the European Union (EU) in the World Trade Organization Information Technology Agreement (WTO ITA). As per one of our leading analysts, “Numerous institutes and organizations present in the nanoelectronics ecosystem in this region have proposed to invest huge sums by joining hands with the EU for upsurging the worldwide revenue up to USD 224 billion per year.” It would also drive the market growth in this region. Apart from that, in North America, there is stiff competition from Chinese manufacturers. Hence, the region is projected to hold a significant share.
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