According to
the new market research report "Semiconductor Manufacturing Equipment
Market by Front-end Equipment (Lithography, Wafer Surface Conditioning,
Deposition), Back-end Equipment, Fab Facility Equipment, Product Type,
Dimension, Supply Chain Participant, Region - Global Forecast to 2025",
published by MarketsandMarkets™, the Semiconductor Manufacturing Equipment
Market is projected to grow from USD 66.1 billion
in 2020 to USD 103.5 billion by 2025; it is
expected to grow at a CAGR of 9.4% from 2020 to 2025.
Key factors
fueling the growth of this market are the growing consumer electronics market,
an increase in the number of foundries, and the trend of miniaturization and
technology migration.
IDM firms
accounted for largest share of semiconductor manufacturing equipment market in
2019
In 2019, IDM
firms captured the largest share of the semiconductor manufacturing equipment
market. Most of the IDM players such as Samsung (South
Korea), Texas Instruments (US), Song (Japan),
and STMicroelectronics (Switzerland) are tire 1
companies and have a significant presence across the world, with a vast
customer base. These companies are investing heavily in their R&D
activities to develop technologically advanced, energy-efficient, and
miniaturized products, such as RFID circuits, smart ICs, ultra-low-power
microcontrollers, sensors for consumer electronics, automotive, and industrial
applications. IDMs use semiconductor manufacturing equipment for fabrication,
testing, assembly, and another process of complicated semiconductor equipment
with high accuracy, driving the growth of the market. Also, the dominance of
IMDs is expected to remain constant in the near future due to the increasing
number of semiconductor fabrication plants all over the world.
Market for
memory is projected to grow at highest CAGR during forecast period
Among
product type, the market for memory is projected to grow at the highest CAGR
from 2020 to 2025. New technologies in memory, such as MRAM, ZRAM, PCRAM, and
RRAM, are expected to replace most of the traditional technologies. This shift
in the memory market has demanded the change in dynamics of manufacturing
equipment, enforcing semiconductor manufacturing equipment providers to develop
more efficient designs for the device manufacturers.
APAC is
expected to hold largest share of semiconductor manufacturing equipment market
in 2025
APAC is
expected to hold the largest share of the semiconductor manufacturing equipment
market in 2025. The commanding position of APAC is due to the presence of a
large number of OSAT companies in the region. More than 60% of OSAT players
present across the world have their headquarters in the APAC region. These OSAT
companies use semiconductor manufacturing equipment in the semiconductor
fabrication process. Taiwan and South Korea contribute to a large number of
semiconductor foundries, showcasing greater demand for equipment. The Chinese
market is showing impressive growth owing to the cheap labor cost in the
country. These factors help the semiconductor manufacturing equipment market to
grow in the APAC region.
Tokyo
Electron (Japan), LAM Research (US), ASML (Netherlands), Applied Materials (US), KLA-Tencor (US),
Screen Holdings (Japan), Teradyne (US),
Advantest Corporation (Japan), Hitachi
High-Technologies (Japan), and Plasma-Therm (US)
are the key players in the semiconductor manufacturing equipment market. These
players are increasingly undertaking strategies such as product launches,
expansions, agreements, partnerships, collaborations, and acquisitions to
increase their market share.
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