According to the research report titled ‘Semiconductor Manufacturing Equipment Market Size By Product, By Dimension, By Supply Chain Process, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, worldwide semiconductor manufacturing equipment market is expected to amass significant return by the year 2026.
 

Increasing demand for consumer electronics, favorable government initiative for development of manufacturing industry, and technological innovations are expected to drive global semiconductor manufacturing equipment market during the forecast period. Semiconductor manufacturing equipment has applications in the most intricate and advanced manufacturing processes worldwide, fueling the production of semiconductor devices.
 

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There are constant improvements in the technology used in small & medium-sized enterprises (SME) mainly due to increasing customer demands for high performance semiconductors which is likely to influence the global semiconductor manufacturing equipment market outlook.
 

Growth of SMEs is directly connected to escalating demand for semiconductors. Hence, semiconductor manufacturing equipment market is witnessing further rise due to inflowing foreign investments and close connection among domestic and foreign SME producers.
 

With regards to product spectrum, the back-end equipment segment, in global semiconductor manufacturing equipment market, is classified into assembly & packaging equipment, test equipment, wafer manufacturing equipment, and others. Among them, test equipment segment contributed 5% to the industry share in 2019 and is estimated to showcase similar growth trends in the coming years, mainly due to rising adoption of end-to-end testing solutions for consumer electronics and connected devices. 
 

Based on regional overview, LAMEA held 5% share of worldwide semiconductor manufacturing equipment industry in 2019 and is reckoned to grow significantly through 2026, mainly due to increasing favorable government initiatives for the development of manufacturing industry. Also, fast technological developments and rising R&D investments are contributing to the growth of LAMEA market.
 

Key players operating in global semiconductor manufacturing equipment marketplace are SCREEN Semiconductor Solutions Co. Ltd., Nordson Corporation, Hitachi High-Tech Corporation, Plasma-Therm LLC, Onto Innovation, Tokyo Electron Limited, Veeco Instruments Inc., KLA Corporation, EV Group (EVG), Modutek Corporation, Cohu Inc., Lam Research Corporation, Advantest Corporation, ASML Holding N.V., and Applied Materials Inc.