Semiconductor Single Crystal Furnace Market Insights and Sales Trends 2024

The global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period.

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The global Semiconductor Single Crystal Furnace market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Semiconductor Single Crystal Furnace in various end use industries. The expanding demands from the SME and Large Enterprise, are propelling Semiconductor Single Crystal Furnace market. CZ Single Crystal Furnace, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the FZ Single Crystal Furnace segment is estimated at % CAGR for the next seven-year period.

Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.

Key Players
• Linton Crystal Technologies
• Ferrotec
• PVA TePla
• JYT Corporation
• Zhejiang Jingsheng
• Nanjing Advanced Semiconductor Technology (NAST)
• NAURA Technology
• Xian Institute of Crystal Growing Technology
• JS Huasheng Tianlong Photoelec
• Beijing Sevenstar Electronics

By Type
• CZ Single Crystal Furnace
• FZ Single Crystal Furnace

By Application
• SME
• Large Enterprise

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This release was published on openPR.