New York City, NY, 04 February, 2020/ 24 Market Reports: It is estimated for the global semiconductor manufacturing equipment market to grow from USD 66.7 billion in 2020 and reach USD 103.2 billion by the year 2025 witnessing the growth at a CAGR of 9.2% during the forecast period of 2020 to 2025. Growing consumer electronics market, an increase in the number of foundries, and the trend of miniaturization and technology migration are the key factors that are driving the growth of the market during the forecast period.
Equipment for memory devices accounted for the largest share in the market in the year 2019 and the trend is estimated to continue throughout the forecast period. In various electronic devices such as computers, laptops, digital music players, gaming devices and mobile internet devices the use of various memory devices such as dynamic random access memory (DRAM), synchronous dynamic random access memory (SDRAM) and Flash memory (NAND or NOR). NAND flash is widely used in mobile devices at present. MRAM, ZRAM, PCRAM and RRAM are the new memory devices that are estimated to replace old traditional devices.
The lithography equipment, based on front-end equipment accounted for the largest share in the market in the year 2019 and the trend is estimated to continue throughout the forecast period. The higher system cost, although the shipment is comparatively small in number is the major reason for the growth of the segment. Due to the rising requirement for reducing the thickness of wafer to ~7 nm node, increasing production capacity and developing multilayer designing the adoption of lithography equipment is increasing and thus driving the growth of the market during the forecast period.
The wafer testing equipment, by back-end equipment, is estimated to lead the segment during the forecast period. The testing equipment is also used in front-end although it is mostly focused on back-end processes. At different points during the semiconductor manufacturing process, these testing devices are vital for testing electronic devices for functionality and performance. The demand for best-of-class ICs and SOCs is been rising with the increasing investments in R&D and technological advancement in networking and communication devices. This need can be satisfied by enabling the investment in testing equipment for developing the best quality ICs.
APAC region held the highest share in the market in the year 2019, and it is estimated for the trend to continue during the forecast period. An increasing number of IDMs in the region is the factor that is driving the growth of the market in the region. Also, China and Taiwan are the major manufacturers of consumer electronics due to factors such as mass production of electronic products such as smartphones, tablets, sensors, industrial equipment, wearables, and white goods. South Korea and Taiwan draw the major growth for the semiconductor foundries and OSAT companies. Companies find low-cost skilled labour for the manufacturing plant in China as the country contributes to cheap labour as compared to other nations.
Major Industry outlook Of Semiconductor Manufacturing Equipment Market