Global Semiconductor Equipment Market (by Segment, Supply Chain, Dimension, & Region): (2022-2026)

DELHI, India - Sept. 19, 2023 - PRLog -- The electronic characteristics of a semiconductor material (mainly silicon, germanium, gallium arsenide, and organic semiconductors) govern the function of a semiconductor device. Since the introduction of integrated circuits in the 1950s, transistor density has increased, aided by technical advances in the manufacturing process.

Semiconductor equipment are used in the fabrication of semiconductors and integrated circuits, which are employed in the manufacturing process of a variety of industries such as medical, banking, telecommunications, automobiles, and so on, which has directly boosted the demand for semiconductor equipment. The global semiconductor equipment market is estimated to reach US$126.40 billion in 2023, growing at a CAGR of 9.90%, during the forecast period.

Top Impacting Factors:

Growth Drivers

• Growth in Consumer Electronics Industry
• Increased use of Semiconductors in Medical Devices
• Mounting usage of semiconductor equipment in Gaming Industry
• Rising Government Support  

Challenges

• Functional Defects and Complexities
• High Cost Associated

Trends

• Increasing demand for Artificial Intelligence
• Escalation of Internet of Things (IOT)
• Surging Demand for Electronic vehicles
• Emerging Industrial Robotics

The COVID-19 Analysis:

During the pandemic, semiconductor equipment manufacturers witnessed a fall for a very short period of time as lockdown was imposed suddenly. While in the second half of 2020 and after that, the semiconductor equipment market sharply increased exceeding the fall due to acceleration of global economies' digital transformation as pandemic has boosted the digitalization.

Analysis of Key Players:

The market for semiconductor equipment is concentrated with top five players accounted for more than 60% share. Chinese players accounted for less than 5% of the global market share, although they are expanding quickly. Further, key players of the semiconductor equipment market are:

• Hitachi High Tech Corporation,
• ASML Holding Semiconductor Company,
• Applied Materials Inc.,
• Lam Research Corporation,
• Tokyo Electron Limited
• KLA Corporation,
• Teradyne Inc.,
• Nikon Corporation
• Canon Inc.,
• Screen Holding Co. Ltd,
• Advantest Corporation, and
• ASM International N.V,

China domestic players are well-positioned for the semiconductor localization trend. Most of China's semi equipment market share has been taken up by global leaders, who have absolute competitive edge in technology and customer base. Chinese players have been making good progress in R&D and customer verification, and have market share gain potentials in mid-to-low-end products.

For more Information:

https://www.konceptanalytics.com/report/telecom-it/global-semiconductor-equipment-market-by-segment-supply-chain-dimension-region-insights-forecast-with-potential-impact-of-covid-19-2022-2026

Koncept Analytics

Vikas Gupta

(Business Development Manager)

FFCS-36, Ansal Plaza

Vaishali, Ghaziabad

U.P - 201010

Tele: +91-120-4130959

Mobile: +91-8700242734

Mail ID – vikas@konceptanalytics.com