Global Semiconductor Production Equipment Market to Advance as International Demand for Consumer Electronics Shoots up

The global semiconductor production equipment (SPE) market is likely to witness vital growth in terms of revenue generation, owing to the emergence of advanced devices. Semiconductor production equipment is utilized in the manufacturing of semiconductor devices. A plethora of contemporary devices including telecommunication equipment, personal computers, and consumer electronics have been increasingly deploying semiconductor devices such as microprocessors and memory devices. In 2016, the global market for semiconductor production equipment market was pegged at US$41.24 bn, according to a report by TMR. The market is expected to achieve US$79.51 bn by 2025, expanding at a healthy CAGR of 7.6% during the forecast period.

Q. What factors are assisting the deployment of semiconductor production equipment worldwide?

The extensive growth in the manufacturing of electronics is one of the primary growth drivers of the global semiconductor production equipment market. The never ceasing demand for advanced smart devices such as computers, laptops, smartphones, tablets, and other communication infrastructure has been responsible for the rapid development of the global semiconductor production equipment market. As the adoption of Internet of Things (IoT) has been gaining considerable acceptance across innumerous applications, the scope for the expansion of the global semiconductor production equipment market is widened.

Q. Which leading regional segments are accelerating the growth of the global market for semiconductor production equipment?

By geography, the global semiconductor production equipment market has been segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. The countries in North America witnessed greater adoption of semiconductor production equipment. As a result, this segment accounted for nearly 43.5% of the global semiconductor production equipment market in 2016. It is likely to keep flourishing over the forecast period as well, contributing significantly to the overall market revenue in 2025 as well. However, the immense potential of Asia Pacific needs to be harnessed if maximum growth is to be attained. The rising production of network hardware, electro-medical devices, and smart gadgets is fuelling the growth of this region.

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Q. What are the key developments in the global semiconductor production equipment market?


The vendor landscape of the global semiconductor production equipment market is quite consolidated, with the topmost players accounting for a share of 66% in the overall market. The level of competition is prognosticated to remain high over the forecast period. Diversified business strategies, extension of production facilities being one of them. For instance, in May 2017, Taiwan Semiconductor Manufacturing Company announced that its new plant in Nanjing, China is to be moved-in by September 2017. The plant is expected to enter 16nm FinFET chip production. The foundry is planning to output atleast 20,000 wafers at the start. Lam Research Corporation, Advantest Corporation, Tokyo Electron Ltd., Hitachi, Ltd., and Applied Materials, Inc. are some leading companies operating in the global market for semiconductor production equipment. 

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