According to the new research report published by The Insight Partners, titled “Semiconductor Manufacturing Equipment Market to 2027 by Equipment Type (Wafer Manufacturing Equipment, Assembly & Packaging Equipment, Test Equipment, and Others); Dimension (2D, 2.5D, and 3D), End-use (Semiconductor Fabrication Plant/Foundry, Semiconductor Electronics Manufacturing, and Test Home) – Global Analysis and Forecast”, the semiconductor manufacturing equipment market is estimated to reach US$ 101.58 Bn by 2027 from US$ 62.10 Bn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
The semiconductor manufacturing equipment market is experiencing steady growth with regard to the research and development activities, product innovations, investments, technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for semiconductor manufacturing equipment comprises of some well-established players across the globe. The sales of semiconductors are largely influenced by numerous economic and non-economic factors.
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The global semiconductor manufacturing equipment market is majorly driven by exponentially growing needs of consumer electronic devices boosting the manufacturing prospects and the Convergence of electronics and the automotive industry driving the quest for semiconductor manufacturing. However, the rapidly changing nature of technology requires consistent changes in manufacturing equipment. Also, the proliferation of Artificial Intelligence, IoT, and connected devices across industry verticals and advanced packaging integrations in the manufacturing equipment is expected to provide substantial growth opportunities to the key players in this market. For instance, the government of the US is looking ahead to improvise the entire manufacturing sector and therefore preparing strategies to boost the infrastructure industry. The federal government of the US plays a vital role in developing the semiconductor industry. Funding in respect to conducting research and development for electronics and materials has efficiently supported the introduction of innovations and modifications in semiconductors. In order to make such developments and refinements in semiconductor products, demand for semiconductor manufacturing equipment would observe an upsurge among the semiconductor manufacturers. Similarly, the semiconductor product uses AI applications for which the European Union policies assist the businesses to optimize the capabilities of AI. The AI depends upon the semiconductor industry to create memory chips and other related components to store and process the data. Certainly, semiconductors plays a vital role in part of data generation which further creates the need to develop a new chip design in order to store enormous data. This would further create the demand for semiconductor manufacturing equipment in the semiconductor industries.
The global market for semiconductor manufacturing equipment market is segmented on various parameters such as equipment type, dimension, end-use, and geography. Based on equipment type, the wafer manufacturing equipment segment dominates the semiconductor manufacturing equipment market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of dimensions, the 2.5D segment is expected to witness a significant growth rate in the coming years. The semiconductor manufacturing equipment market operates in an extremely fragmented industry with a huge number of smaller players capturing the market.
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Convergence of electronics and automotive industries driving the quest for semiconductor manufacturing
The sales of semiconductors is largely influenced by numerous economic and non-economic factors. The sales pattern for semiconductors has faced similar ups and downs as the global economy. Therefore, the global economy plays a key role in the development of the semiconductor market. Amongst the non-economic factors, application markets influence their sales. Data processing, consumer electronics, communications, automobile and industrial sectors are the application markets for semiconductors. The automobile and industrial sectors are expected to have a large impact on the growth of the semiconductor market. Also for the consumer electronics industry, shorter lifecycles of the products aid the needs of semiconductor manufacturing equipment for high volume production abilities with growing consumer demands.
Potentially, automotive and industrial sectors present larger opportunities as compared to other sectors due to the volumetric implementations of semiconductors and subsequently drive the demands for semiconductor manufacturing equipment. The development of smart cars and connected cars presents huge potential for the semiconductor industry. In recent times, research in the automobile domain has laid huge emphasis on increasing the rider as well as passenger comfort and safety in the cars during driving. Electronics implementations have found increasing applications in the automotive sector for improving passenger as well as rider safety and comfort. As a result, concepts such as Advanced Driver Assist Systems (ADAS), In-vehicle Infotainment, autonomous vehicles, connected cars, and car telematics have gone through the various R&D processes, and have been put for commercialization. Although these technologies are in their initial stages of commercialization and market development, many automotive OEMs across the globe have been instrumental in the integration of these technologies.
Advanced packaging integrations in the manufacturing equipment
Semiconductor packaging forms an integral and important part of the semiconductor manufacturing process. IC packaging is important as the semiconductor industry faces constant trade-offs between the performance of the devices and reducing the IC footprints. Advanced packaging techniques ensure longer battery life, higher performance, and integration of multi-functionalities while reducing the IC footprint integrated into any electronic device. The emerging packaging techniques being employed in the semiconductor manufacturing process today include 2.5D & 3D packaging through the technology Through Silicon Vias (TSV), Wafer Level packaging Technologies, and Fan-in as well as Fan-out technologies at the panel level. Furthermore, redistribution layer material (RDL) is used in these advanced semiconductor packaging technologies to maintain proper conductivity in the circuit and enhance the functioning between the I/O pads and IC. These advanced packaging technologies are anticipated to have a significant impact in the manufacturing process for semiconductors and therefore directly impact the semiconductor manufacturing equipment market.
Semiconductor Manufacturing Equipment Market: Competitive Landscape and Key Developments
Advantest Corporation, Applied Materials, Inc., ASML Holding N.V., Hitachi High-Technologies Corporation, KLA Corporation, Lam Research Corporation, Rudolph Technologies, Inc., Screen Holdings Co., Ltd., Teradyne Inc., and Tokyo Electron Ltd are among the key players profiled in the global Semiconductor Manufacturing Equipment market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global market and its ecosystem.
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2019: SCREEN Holdings Completed New Manufacturing Facility for Semiconductor Production Equipment. The factory incorporates an earthquake-resistant, base-isolated structure and is designed to enhance SCREEN’s business continuity management (BCM) and business continuity planning (BCP) systems.
2018: KLA-Tencor Corporation unveiled its plan to invest more than $70 million to establish a new research and development facility in Ann Arbor, MI. This expansion underscores the attractiveness of the company’s business environment as well as the strength of its logistical assets, talented workforce, and high quality of life.
2017: Lam Research Corporation announced a strategic collaboration with NanoString Technologies, Inc. to develop NanoString’s proprietary Hyb & Seq next-generation sequencing platform.
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