Semiconductor Equipment Market Predicted Double-Digit Growth Rate by 2026

According to the Coherent Market Insights’ analysis, the global semiconductor equipment industry witnessed growth with a market size of US$ 57.1 billion in 2017, and by 2019, the market is expected to grow by 14.8%, accounting for US$ 70.9 billion. This significant growth is expected to propel demand for semiconductor materials in Artificial Intelligence (AI) programs, such as autonomous vehicles, automotive, consumer electronics, IoT, and AI-driven electronics.

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/2532

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

Market Dynamics

The global semiconductor equipment market growth is attributed to rise in demand for various modern gadgets such as smart phones and laptop.  The smart phone and laptops are embedded with millions of tiny transistors to empower various functionalities such as low voltage and high speed optimized embedded SRAMs, radiation hardened embedded SRAMs and custom embedded SRAM solutions, etc.  Moreover, a rising disposable income increases the probability of consumer spending on consumer electronics, which is leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. As there is high demand for smartphones in emerging economies such as India, China, Japan etc., the instances of smartphone adoption are very high among the urban population as compared to the rural population. These factors are expected to drive the market growth during the forecast period 2018-2026.

The semiconductor market is gaining significant traction among industrial sectors such as automotive, aircraft, telecommunication, and wireless devices. This growth in semiconductor industry is attributed to increase in international investment in response to a rapid rise in consumer demand from various geographical locations. For instance, in December 2015, United Microelectronics Corporation (UMC) collaborated with the Xiamen government and FuJian Electronics and Information Group on a US$ 6.2 billion investment in a semiconductor fabrication plants. Increased industrial productions and reviving consumer confidence further led to an increase in demand for semiconductor-related products and equipment across the world.

Asia Pacific semiconductor equipment market accounted for largest share in 2018

Asia Pacific is expected to be the largest and fastest growing region in the semiconductor equipment market during the forecast period of 2018-2016, owing to increasing adoption of semiconductor equipment for innovative technologies such as connected vehicles, industrial automation, and other process automation. According to Coherent Marker Insights’ analysis, in 2018, the countries such as China, Taiwan, Korea, India, Japan, and India hold more than 90% market share in the semiconductor equipment market.

Global semiconductor equipment market is expected to witness significant growth during the forecast period of 2018–2026. The market growth is majorly attributed to increasing adoption of semiconductor equipment for different applications such as consumer electronics, automotive, and communications sector. According to the Coherent Market Insights, by 2026, the semiconductor equipment industry is set to experience a massive benefits from ongoing development and innovation in connectivity, communications, advanced software, the automotive industry, and data centers. For instance, in October 2018, Samsung Electronics launched new automotive semiconductors, which will bring its market-proven technologies and diversify its business portfolio into the automotive sector.

Detailed Segmentation:

Global Semiconductor Equipment Market, By Product Type:
◦ Semiconductor Front-end Equipment
◦ Semiconductor Back-end Equipment

Global Semiconductor Equipment Market, By Application:
◦ Discrete Semiconductor
◦ Optoelectronics Device
◦ Sensors
◦ Integrated Circuits

Global Semiconductor Equipment Market, By Equipment:
◦ Wafer Processing
◦ Assembly & Packaging
◦ Testing Equipment

Global Semiconductor Equipment Market, By End Use:
◦ PCs
◦ Mobile Handsets
◦ Televisions Assembly & Packaging

For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/2532

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.