$101.58 Bn, Semiconductor Manufacturing Equipment Market to Reach at 5.2% of CAGR by 2027

The semiconductor manufacturing equipment market is experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for semiconductor manufacturing equipment comprises of some well-established players across the globe. The sales of semi-conductors are largely influenced by numerous economic and non-economic factors.

Latest market study on "Semiconductor Manufacturing Equipment Market to 2027 by Equipment Type (Wafer Manufacturing Equipment, Assembly & Packaging Equipment, Test Equipment, and Others); Dimension (2D, 2.5D, and 3D), End-use (Semiconductor Fabrication Plant/Foundry, Semiconductor Electronics Manufacturing, and Test Home) - Global Analysis and Forecast", the semiconductor manufacturing equipment market is estimated to reach US$ 101.58 Bn by 2027 from US$ 62.10 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction. The major companies offering semiconductor manufacturing equipment to different industries include Advantest Corporation, Applied Materials, Inc., ASML Holding N.V., Hitachi High-Technologies Corporation, KLA Corporation, Lam Research Corporation, Rudolph Technologies, Inc., Screen Holdings Co., Ltd., Teradyne Inc., and Tokyo Electron Ltd. among others. Several other companies are also offering these services to different industries which is facilitating the semiconductor manufacturing equipment market to propel over the years.

Strategic Insights:
Market Initiative was observed as the most adopted strategy in global semiconductor manufacturing equipment industry. Few of the recent partnership, contractual alliances for the deployment of new technological solutions are listed below:

2019: SCREEN Holdings Completed New Manufacturing Facility for Semiconductor Production Equipment. The factory incorporates an earthquake-resistant, base-isolated structure and is designed to enhance SCREEN's business continuity management (BCM) and business continuity planning (BCP) systems.

2018: KLA-Tencor Corporation unveiled its plan to invest more than $70 million to establish a new research and development facility in Ann Arbor, MI. This expansion underscores the attractiveness of company's business environment as well as the strength of its logistical assets, talented workforce and high quality of life.

2017: Lam Research Corporation announced a strategic collaboration with NanoString Technologies, Inc. to develop NanoString's proprietary Hyb & Seq™ next-generation sequencing platform.

Global semiconductor manufacturing equipment market is majorly driven by exponentially growing needs of consumer electronic devices boosting the manufacturing prospects and Convergence of electronics and automotive industry driving the quest for semiconductor manufacturing. However, the rapidly changing nature of technology requiring consistent changes in manufacturing equipment. Also, the proliferation of Artificial Intelligence, IoT and connected devices across industry verticals and advanced packaging integrations in the manufacturing equipment are expected to provide substantial growth opportunity to the key players in this market. For instance, the government of US is looking ahead to improvise the entire manufacturing sector and therefore prepares strategies to boost the infrastructure industry. The federal government of the US plays a vital role in developing the semiconductor industry. Through funding in respect to conduct research and development for electronics and materials has efficiently supported to introduce innovations and modifications in semiconductors. In order to make such developments and refinements in semiconductor products, demand for semiconductor manufacturing equipment would observe an upsurge among the semiconductor manufacturers. Similarly, the semiconductor product uses AI applications for which the European Union policies assist the businesses to optimize capabilities of AI. The AI depends upon semiconductor industry to create memory chips and other related components to store and process the data. Certainly, the semiconductors plays a vital role in part of data generation which further creates need to develop new chip design in order to store enormous data. This would further create the demand for semiconductor manufacturing equipment among the semiconductor industries.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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