Semiconductor Production Equipment Market to Record an Exponential CAGR by 2026

According to a new market report published by Transparency Market Research titled “Semiconductor Production Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global semiconductor production equipment market is expected to reach a value of US$ 92,116 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 8.8% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach 130.8 thousand units at a CAGR of over 6.6% by 2026. The Asia Pacific semiconductor production equipment market is projected to have the highest growth during the forecast period. Semiconductor industry saw an exponential growth owing to increased demand for semiconductors in diverse applications. Accordingly, there has been a spike in sales growth of semiconductor production equipment.

Semiconductor companies are partnering with automotive industry players to come up with advanced semiconductor solutions in Advanced Driver Assistance Systems (ADAS) technology. Industry leaders are introducing new and advanced equipment to cater to diversifying needs of automotive semiconductor requirements. For instance, Canon, Inc. has commenced with the sales of new 200 mm wafer equipment for i-line and KrF lithography equipment.

This equipment is expected to mass-produce logic, memory, and image sensor devices necessary for automotive technologies. Additionally, companies are increasingly investing on the construction of new fabs. For instance, companies such as Intel, Micron, Toshiba, and Global Foundries have increased their fab investments since 2017. Additionally, South Korea is witnessing a surge in fab investments from Samsung as it is expected to increase its investment from US$ 8 Bn to US$18 Bn in 2017-2018.

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Furthermore, SK Hynix also invested around US$ 5.5 Bn in fab equipment. Furthermore, technological revolution in consumer electronics is expected to drive the sale of semiconductor materials which indirectly drives the sale of semiconductor production equipment.The emerging concept of IoT is leading to numerous advances in sensor technology. The borders between real and the virtual digital world is blurring due to technologies such as augmented reality and virtual reality.

Accordingly, IoT devices will require new materials for higher performance, small form factors, and lowest manufacturing costs, creating more opportunities for semiconductor materials and equipment manufacturers. One of the main restraints of the market is the higher R&D costs, raising the stakes for semiconductor production equipment players. However, bigger opportunity is expected for semiconductor production equipment players from the redefined digital supply chain.

Another opportunity driven factor for the semiconductor production equipment market is that Kerfless wafer producers are expected to benefit due to the shortage of traditional wafers. Some of the key trending factors that are anticipated to facilitate the semiconductor production equipment market are the shift toward new raw materials, adoption of advanced analytics, supply chain partnerships for mutual benefit, rising industry 4.0 scenario, etc. 


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