Burgeoning Demand for Printed Electronics to Trigger Demand for Semiconductor Wafer Cleaning Equipment
According to a report by Transparency Market Research (TMR), the opportunity of the global semiconductor wafer cleaning equipment market was worth US$3.8 bn in 2015 and is poised to reach USD 7.28 bn by 2024, progressing at a CAGR of 7.7% between 2016 and 2024. The future of the market looks bright with the development of wafers as large as 450 mm along with the advancements in the design of wafers. TMR analyst states that high cost of semiconductor wafer cleaning equipment along with the huge capital requirement for the establishment is hampering the growth of the market.
What are the factors driving the global semiconductor wafer cleaning equipment market?
Over the past few years, the research activities in the printed electronics industry have increased considerably. There is a rapidly growing demand for printed electronics owing to their superiority over several types of conventional electronics in different industry verticals. This is providing a fillip to the global semiconductor wafer cleaning equipment market. Moreover, the technological shift from conventional to single wafer processing is working in favor of the growth of the market.
Why are developing regions more lucrative for manufacturers in the global semiconductor wafer cleaning equipment market?
Geographically, Asia Pacific is expected to dominate the market throughout the forecast period. The increasing production facilities for semiconductor equipment are driving the growth of the region. Moreover, the proliferation of portable consumer electronics devices and continuously evolving production quality standards are supplementing the growth of the semiconductor wafer cleaning equipment market in the region. Within Asia Pacific, China, Japan, and Taiwan are the major revenue contributors. The growing production of semiconductors in the Middle East and Africa is also creating ample growth opportunities for players over the forthcoming years.
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What are some of the commonly adopted strategies by key players to stay relevant in the semiconductor wafer cleaning equipment market?
The leading players in the global semiconductor wafer cleaning equipment market are Tokyo Electron Limited, SCREEN Holdings Co. Ltd., and Lam Research Corporation. The fast-paced evolution of the semiconductor industry is prompting key players in the market to pay due heed to research and development of novel products. The majority of them aim to develop products in line with end user demand with the help of upgraded technologies in order to stay ahead in this consolidated marketplace. For instance, in December 2015, SCREEN Holdings Co. Ltd. introduced SS80EX spin scrubber, single wafer cleaning system for 200mm semiconductor wafers.