According to the new
market research report "Semiconductor Manufacturing Equipment
Market with COVID-19 Impact Analysis by Front-end Equipment, Back-end
Equipment, Fab Facility Equipment, Product Type, Dimension, Supply Chain
Participant, Region - Global Forecast to 2025", published by
MarketsandMarkets™, the global Semiconductor Manufacturing Equipment Market
will grow to USD 95.9 billion by 2025
(forecast year) from USD 62.4 billion in
2020 (estimated year), at a CAGR of 9.0% between 2020 to 2025.
The key drivers
fueling the growth of this market include the increasing investments in R&D
facilities due to COVID-19 impact and increasing demand for electric and hybrid
vehicles. Moreover, the growing consumer electronics market and increasing
number of foundries due to COVID-19, trend of miniaturization and technology
migration, and high demand for chips to provide computation power and
connectivity for AI applications across the globe play a key role in driving
the growth of the semiconductor manufacturing equipment market.
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The high demand for semiconductor devices has led to use of
photolithography equipment
In 2019, the
lithography segment accounted for the largest share of the semiconductor
manufacturing equipment market, by front-end equipment. The increasing demand
for semiconductor devices across the globe has led to the use of
photolithography equipment for manufacturing semiconductor devices. The major
reason for the largest size of the lithography equipment market is the high
system cost, even though the shipment volume is comparatively small. The
application of different semiconductor devices such as ICs and transistors in
industries such as automotive, telecommunication, and consumer electronics has
led to their increased demand.
Memory segment is projected to grow at a higher CAGR from 2020
to 2025
The
memory segment of semiconductor manufacturing equipment market, by product
type, is projected to grow at a higher CAGR during forecast period. New memory
technologies such as magneto-resistive random access memory (MRAM) and
resistive random access memory (ReRAM) are expected to replace traditional
technologies. Moreover, memory devices require high-precision bonding, testing,
cleaning, and packaging for the best performance. This shift in the memory market
has demanded a change in the dynamics of manufacturing equipment, compelling
semiconductor manufacturing equipment providers to develop more efficient
designs for device manufacturers.
247 – Tables
76 – Figures
302 – Pages
76 – Figures
302 – Pages
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APAC is projected 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. These OSAT
companies use various front-end, back-end, and fab facility equipment in the
semiconductor fabrication process. Additionally, an increasing number of IDMs
in the region is expected to boost the semiconductor manufacturing equipment
market growth in the near future. Similarly, the mass production of electronic
products such as smartphones, sensors, industrial equipment, and wearables
among others in China and Taiwan is also expected to accelerate the market
growth in APAC.
