Semiconductor Production Equipment Market: Ceaseless Adoption of Electronics Spells Growth

A recent market business intelligence publication by Transparency Market Research (TMR) reveals that two third shares in the global semiconductor production equipment market are held by a handful of players. The consolidated nature of the vendor landscape of this market is a reflection of high level of technological expertise needed to gain foothold in the market. Strategic alliances and expansion of geographical outreach are some key strategies savvy players in the market have resorted to bolster their position. Product advancements is also what players are striving for to keep ahead of their competitors.

Prominent names in the global semiconductor production equipment market include Applied Materials Inc., ASML Holding N.V., Hitachi Ltd., Tokyo Electron Ltd., Lam Research Corporation, and Advantest Corporation. Some other companies operating in the market are Teredyne, SCREEN Holdings Co. Ltd., KLA-Tencor Corporation, Nikon Corporation, and Tokyo Seimitsu Co. Ltd among others.

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The TMR publication estimates the global semiconductor production market to clock a CAGR of 7.6% for the 2017-2025 forecast timeframe. At this pace, the demand in the market will generate a revenue of US$79.51 bn by 2025. The market was valued at US$41.24 bn in 2016. By end-user, semiconductor electronics manufacturer is a key segment, with the segment holding the leading close to 55% share in the overall market in 2016. North America is anticipated to continue to hold supremacy among other key markets for semiconductor production equipment.

Integral to IT Systems, Demand for Semiconductors Stokes Growth

Majorly fuelling the global semiconductor production equipment market is rising production of electronics as electronic devices increasingly become common. The adoption of smartphones, tablets, and other electronic devices is rising incessantly each of which is equipped with several hundred semiconductors for transmission of signal. This is indirectly stoking growth of semiconductor production equipment market.

Over the past few decades, the IT industry has been displaying monumental growth. This has led to a swelling demand for computers, connecting cables, and electronic accessories that are equipped with myriad electronic components for transmission of signal. Semiconductors form an integral element of the complex electronic circuitry of CPUs, monitors that are basic hardware requirement of IT processes and systems. This is driving the demand for semiconductor production equipment to manufacture semiconductors.

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Apart from this, the soaring demand for Internet of Things (IoT) driven systems is prophesied to aid the growth of this market. Semiconductors, sensors and other electronic components are integral to objects that are connected in an IoT network such as vehicles and home appliances. Increasing adoption of wearable fitness devices among health savvy consumers is surging the demand for semiconductor fabrication.

High Initial Capital for Setting up Semiconductor Production Facility Decelerates Growth

On the flip side, the high initial cost involved in the setup of semiconductor production facility is a hindrance to the market’s growth. This is limiting the entry of new players who lack sufficient capital needed to construct hi-tech semiconductor production facility. Besides this, the paradigm shift of manufacture of electronic components to Asia Pacific has pressurized product manufacturers in other regions to upgrade their facility and offer competitive pricing. This has reduced their profit margins impacting the growth of the overall industry.

The rising demand for miniaturization of semiconductors that would require remodeling of existing production facility and deployment of new equipment could hinder the market’s growth.

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Nonetheless, government subsidies and favorable regulations for adoption of advanced semiconductor production equipment could address concerns of semiconductor production equipment manufacturers.

The review presented here is based on the findings of a TMR report, titled “Semiconductor Production Equipment Market (Equipment Type - Assembly and Packaging Equipment, Wafer Processing Equipment, and Test Equipment; End-user - Foundry, Semiconductor Electronics Manufacturer, and Testing House) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

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This release was published on openPR.