According to the research report titled ‘Global Semiconductor Etch and Deposition Market - Analysis By Equipment Type, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global semiconductor etch and deposition market was worth USD 30278.72 million in 2020 and is expected to register a healthy growth rate during 2021-2026.
 

As per the findings of the report, worldwide semiconductor etch and deposition market is largely driven by surging demand for consumer electronics in line with flourishing semiconductor industry and escalating investments in wafer production.
 

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Based on equipment type, the market is fragmented in etching equipment and deposition equipment market. Experts cite that etching equipment is currently accounts for majority industry share and will likely showcase strong growth trends through 2026.
 

In terms of application scope, logic and memory, MEMS, and power device are the key segments covered in the global semiconductor etch and deposition market report. Among these, logic and memory segment captures significant portion of the overall industry. High demand for logic and memory devices in electronics, along with increasing digitalization and growing adoption of IoT technologies are promulgating the segment growth.
 

Considering the geographical outlook, Americas (United States, Canada, Brazil), Asia Pacific (China, Japan, Taiwan, South Korea), and Europe (Germany, United Kingdom, France) are the key growth avenues for overall semiconductor etch and deposition market.
 

Asia Pacific is touted to lead industry growth over the forecast timeline, creditable to increasing adoption of new technologies, surging demand for consumer electronics, and strong presence of leading players in the region.
 

Speaking of the competitive arena, Ulvac Inc., Oxford Instruments plc, KLA Corp., Hitachi High-Technologies Corp., Panasonic Corp., ASM International NV, Plasma-Therm LLC, Applied Materials Inc., Tokyo Electron Ltd., and Lam Research Corp. are the major players in global semiconductor etch and deposition market sphere.