Semiconductor Production Equipment Market - Growing Automotive Industry Along With Rising Application Of Internet Of Things (IoT) Contributes Towards Growth
Global semiconductor production equipment market on the basis of geography has been segmented into , Asia Pacific, Latin America, North America, Europe, Middle East and Africa.
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Increase in application of semiconductors across different industry verticals has been a major driver for the rise in demand of semiconductor production equipment market globally. Moreover it is the rise in demand for both electric as well as hybrid vehicles that has more semiconductor content than the traditional cars that is likely to have a positive impact on the global semiconductor production equipment market. Demand for the green hybrid vehicles is also increasing due to rise in stringent government policies for usage of eco-friendly vehicles that is also expected to have a great impact on the overall demand for semiconductor production equipment acting as another important driver for this market. In addition to this, it is the rise in demand for consumer electronics that is likely to further have a positive impact on the global semiconductor production equipment market that has huge applications in the electronics industry. Growing automotive industry along with rising application of internet of things (IoT) has been some other crucial factors contributing to the overall demand of semiconductor production equipment market. With all these drivers it is the dynamic changes in the industry that has posed as a major restraint for the global semiconductor production equipment market. The complex procedures along with the costs associated with the fabrication process has been some other major restrains that restricts the growth of semiconductor production equipment market globally. Expansion and advancement in the research and development facilities is expected to provide huge growth opportunities for the semiconductor production equipment market globally in the coming years.
Geographically, it is Asia Pacific region that has been a major contributor to the global semiconductor production equipment market with China, Taiwan, South Korea and Japan being some of the major players. Presence of a large number of manufacturing facilities has been a major driver for this market in APAC region. North America and Europe has been some other major regions contributing to the growth for this market. Rising application of semiconductors across R&D and internet of things (IoT) has been some of the other major drivers for the rise in demand of this market.
Some of the major players operating in the semiconductor production equipment market include Applied Materials (U.S.), Tokyo Electron (Japan), ASML Holding (Netherlands), LAM Research (U.S.), Mirle Automation (Taiwan), NIKON (Japan), Hitachi High-Technologies (Japan), ADVANTEST (Japan) and Teredyne (U.S.) among others that are present in the market globally.
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