July 22, 2022 04:00 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, July 22, 2022 (GLOBE NEWSWIRE) -- 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, 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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What Does the Report Contain?
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.
3D Segment to Dominate: Ongoing Technological Advancement Will Accelerate Growth
By dimension, the market is divided into 2D, 2.5D, and 3D. Amongst these, the 3D segment is expected to dominate the market fueled by persistent technological advancement. Moreover, enhancement of the performance of 3D integrated circuits (IC) would contribute to growth. Also, the 3D ICs are being designed in such a way that they would be able to overcome the obstacles associated with conventional geometrical scaling. The 2.5D segment had held a market share of 39.7% [VG1] in 2018.
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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.
Semiconductor Manufacturing Equipment Market: Report Scope & Segmentation:
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Nanometrics Teams Up with Rudolph While Plasma & CNF Agree to Develop ALE
The market consists of multiple companies that are focusing on joining hands with other reputed organizations to create new products and gain maximum semiconductor manufacturing system market share. Below are two of the latest industry developments:
List of Key Players Profiled in the Report for Semiconductor Manufacturing Equipment Market:
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[VG1]This has been updated based on revised RD