The global semiconductor manufacturing market was valued USD 464 billion in 2020 and is projected to reach USD 803 billion by 2028, expanding at a CAGR of 8.5% during the forecast period, 2021-2028. Semiconductors are important components of electronic devices such as smartphones, computers, tablets, televisions and LED bulbs.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing investments in research and development facilities and rising demand for electric vehicles are some of the major factors driving the market growth.
- The prevalence of 5G technology can positively influence the market growth.
- Electric vehicles with better semiconductor chipsets improve connectivity, to enhanced sensors, and battery performance. The adoption of artificial intelligence in the automobile industry helps to manage traffic management and enhances user experiences, convenience features.
- Manufacturing defects can cause delay in the supply chain, which can create challenges for the market.
- Stringent regulations and trade restrictions between China and India can restrain the growth of the market.
- Rising integration of Internet of Things (IoT) technology is estimated to create lucrative opportunities for the market.
- Growing consumer electronic market is expected to drive the growth of the market.
Scope of the report:
The report on includes an assessment of the semiconductor manufacturing market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Semiconductor Manufacturing Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Fab Facility (Automation, Chemical Control Equipment, and Gas Control Equipment), Dimensions (2D, 2.5D, and 3D), Equipment (Wafer Processing Equipment, Test Equipment, Assembly & Packaging Equipment, and Others)
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Regional Scope
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North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Microchip, NXP, Qualcomm, MediaTek, Infineon, Bosch, STMicroelectronics, Screen Semiconductor Solutions, and Nikon.
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Semiconductor Manufacturing Market Segment Insights
Chemical control equipment segment to hold a major market share
Based on fab facilities, the market can be fragmented into chemical control equipment, automation, gas control equipment, and others. The chemical control equipment is expected to dominate the market. On the other hand, the automation segment is expected to grow at a steady rate during the forecast period.
2.5D segment to account a significant market share
On the basis of dimensions, the semiconductor manufacturing market can be segmented by 2D, 2.5D, and 3D. The 2.5D segment is expected to dominate the market. Major industry players have introduced 2.5 D semiconductor manufacturing technology to leverage their market position. On the other hand, the 3D segment is estimated to grow at a steady rate in the projected timeline.
Wafer processing equipment to hold a major market share
In terms of equipment types, the market can be fragmented into wafer processing equipment, test equipment, assembly and packaging equipment, and others. The wafer processing equipment held a large share due to increasing demand for consumer electronics. Conversely, the assembly and packaging equipment segment is estimated to grow at a sustainable rate during the forecast period.
The market in Asia Pacific to exhibit a robust pace
Based on regions, regions the semiconductor manufacturing market can be classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia Pacific is estimated to exhibit a high CAGR during the forecast period. The presence of major industry players in countries such as China, Japan, South Korea, and Taiwan is driving the semiconductor market in Asia Pacific. On the other hand, North America is anticipated to account for a significant market share in the projected timeline. The early adoption of latest technologies and presence of prominent consumer electronics companies is driving the regional market growth.
Segments
By Fab Facility
- Automation
- Chemical Control Equipment
- Gas Control Equipment
By Dimensions
By Equipment
- Wafer Processing Equipment
- Test Equipment
- Assembly & Packaging Equipment
- Others
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
- Microchip
- NXP
- Qualcomm
- MediaTek
- Infineon
- Bosch
- STMicroelectronics
- Screen Semiconductor Solutions
- Nikon.
Competitive Landscape
Major players of the market are Microchip, NXP, Qualcomm, MediaTek, Infineon, Bosch, STMicroelectronics, Screen Semiconductor Solutions, and Nikon. Major industry players are collaborating with other companies to expand their market share. Moreover, these players are investing in R&D activities to leverage their market position.
In May 2020, ASML started shipment of its first-generation HMI multibeam inspection (MBI) system for 5nm nodes after its successful integration and testing. The new HMI eScan 1000 is based on a high-speed computational architecture and delivers an electron optics system capable of creating and managing multiple primary electron beamlets.
In March 2020, Lam Research announced design of plasma etch technology and system solution based on Sensi.i platform. The technology aids the chipmakers with extendibility and advanced functionality for future generation. Some of the other benefits offered by Sensi.i platform are space-saving architecture, ability to identify patterns and trends, and capture, and analyze data among others.
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