Market Research Future published a research report on “Semiconductor Production Equipment Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The semiconductor production equipment market is growing rapidly. The market increase attributes to rapid industrialization and economic growth worldwide. Besides, vast technological advances in telemetry solutions and semiconductor products drive the development of the market. The information and communications industries have a massive demand for semiconductor production equipment. These equipment offer higher performance chips delivered from equipment suppliers.
Moreover, rising usages of chips in plug-in electric vehicles, smart meters, solar panels, wind turbines, and sensors, escalate market growth. According to Market Research Future (MRFR), the global Semiconductor Production Equipment Market is expected to reach approximately USD 63 BN by 2023, growing at 7% CAGR during the forecast period (2017-2023). The proliferation of additive manufacturing (AM) or additive layer manufacturing method, 3D printing, and computer-controlled processes boost the market growth.
Semiconductor products have transformed the process of generation, distribution, and consumption of energy. Additive manufacturing allows the transformation of the supply chain from production of parts manufactured by subtractive methods, to higher performance, innovative designs that enable agile supply chains to adopt Industry 4.0 principles. Additionally, increasing investments to develop new metal alloys designs and technologies
Increasing uptake of GaAs technology in Field Effect Transistors (FET) and integrated circuits (ICs) for high velocity and high electric field applications pushes the growth of the market. On the other hand, the high manufacturing cost of semiconductor production equipment is a significant factor projected to impede market growth. Nevertheless, growing usages of semiconductor equipment in power amplifiers for transmitting high-speed signals, ultra-high radio frequency, and fast electronic switching applications would support the market growth throughout the forecast period.
The global semiconductor production market has been segmented based on type, products, and dimension. By type, the market has been segmented into front-end equipment, backend equipment, and others. By products, the market has been segmented into dicing machine, wafer manufacturers, sliced wafer demounting, cleaning machine, wafer edge grinding machine, polish grinders, probing machines, and others. By dimension, the market has been segmented into 2D, 2.5D, 3D, and others.
The prominent players in the Semiconductor Production Equipment Market are – Qualcomm Technologies, Inc. (US), Micron Technology Inc. (US), Intel Corporation (US), Applied Materials Inc. (US), AlsilMaterial (US), Atecom Technology Co., Ltd (Taiwan), Tokyo Electron Limited (Japan), LAM RESEARCH Corporation (US), KLA-Tencor Corporation (US), Screen Holdings Co., Ltd (Japan), Teradyne Inc. (US), ASML Holdings N.V. (Netherlands), and Samsung Group (South Korea) among others.
The global semiconductor production equipment market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World. North America is the largest market for semiconductor production equipment followed by Europe. Asia Pacific is an emerging market semiconductor production equipment and is led by the economies of China, India, and Japan.
Semiconductor Production Equipment Market - Competitive Landscape
Highly competitive, the global semiconductor production equipment market appears fragmented due to the presence of many players. To gain a larger competitive advantage, players incorporate strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product/ technology launch.
These players invest substantially to transform the consumer and business landscape. Also, industry players make substantial R&D investments in developing the product and
technology. To widen their reach t customers, they offer discount offers, such as the end of season sale offerings.
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