The global semiconductor equipment market was valued at US$ 57.1 billion in 2017, and is projected to reach US$ 107.76 billion by 2026, exhibiting a CAGR of 7.2% over the forecast period, according to Global Semiconductor Equipment Market Report, by Product Type (Semiconductor Front-end Equipment, Semiconductor Back-end Equipment), by Application (Discrete Semiconductor, Optoelectronics Device, Sensors, Integrated Circuits), by Equipment (Wafer Processing, Assembly & Packaging System, Testing Equipment), by End Use (PCs, Mobile Handsets, Televisions Assembly & Packaging), and by Region (North America, Europe, Asia Pacific, and LAMEA), published by Coherent Market Insights.
Semiconductor Equipment is the tool or machinery used for the purpose of designing and testing of machines that manufacture semiconductors in different application sector. Growth in the semiconductor equipment market is driven by high adoption of technologically advanced semiconductor equipment in sectors such as automotive, power devices, and consumer electronics. Furthermore, technology used in semiconductor production equipment is constantly being improved due to rising demand for efficiently performing consumer products such as wireless semiconductors. This enables the manufacturers of semiconductor equipment to improve the technology and efficiency aspects in semiconductor equipment industry. Similarly, the demand for automotive semiconductors is also growing, due to increasing number of automobiles on roads. The technologies such as vision-based sensors, enhanced graphics processing units, application processors, and DRAM & NAND flash are explicitly utilized in automotive semiconductors. For instance, in December 2017, Canon, Inc. commenced with sales of new 200 mm wafer equipment for I-line and KrF lithography equipment. This equipment is expected to mass-produce memory, logic and image sensor devices necessary for automotive technologies.
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Key Trends and Analysis of the Global Semiconductor Equipment Market:
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