Semiconductor Equipment Market 2020 | Size, Trends, Forecasts to 2025

As per credible estimates, semiconductor equipment market is predicted to grow with a CAGR of 6.6% during the forecast period, to generate USD 72390 million by the year 2025. Growing inclination towards smart devices, evolving consumer lifestyle, and increasing disposable income have augmented the demand for consumer electronics across the globe. This factor in consort with increasing utilization of semiconductor chips in sensor systems and medical systems is driving the growth of the global semiconductor equipment market.

Ongoing R&D activities related to innovative solutions such as Internet of Things (IoT) and connected devices have led to emergence of smart wearables such as smart fabrics, fitness trackers, and smartwatches. Development of hybrid laptops, integration of infotainment and ADAS in automobiles, and rising popularity of UHD TVs are further aiding the market expansion. Shifting focus towards miniaturization of devices and increasing number of manufacturing facilities across the globe will fostering the demand for semiconductor components, hence favoring the industry outlook.

As per the product type, the market is classified into front-end equipment and back-end equipment. The semiconductor front-end equipment market segment is expected to register significant growth during the estimated timeframe. The front-end equipment such as wafer surface conditioning is used to smoothen the wafer surface which is needed to produce advanced semiconductor devices. The equipment also helps in removing the impurities without harming the surface structure.

Based on the application spectrum, global semiconductor equipment market is bifurcated into integrated circuit, optoelectronic device, discrete device, and sensors. The optoelectronic device applications of semiconductor equipment are presumed to expand substantially during the forecast period. Rising adoption of infrared components in consumer electronics along with advancements in LED technology are prime factors fueling the segmental growth.

Alternatively, semiconductor equipment market from discrete device application segment will witness robust growth in the forthcoming years. Discrete devices are used to develop low noise amplifiers or power amplifiers.

As per the regional analysis, Brazil, Saudi Arabia, Australia, India, Southeast Asia, Korea, Japan, China, Italy, United Kingdom, Russia, France, Mexico, Germany, Canada, and United States are the key contributors of the global semiconductor equipment industry.

North America semiconductor equipment industry is poised to amass notable gains in the subsequent years. Growing demand for consumer electronics, increasing disposable income, and rising adoption of wearable devices such as fitness trackers and smartwatches are augmenting the regional demand for semiconductor equipment. Increasing utilization of IoT (Internet of Things) and artificial intelligence across various industries is promoting the business scenario in North America.

Applied Materials, Lam Research, Teradyne, Advantest, ASML, Tokyo Electron, KLA-Tencor, Dainippon Screen, and Hitachi High-Technologies are the key contenders operating in the global semiconductor equipment market.

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