A lead analyst at AMR highlighted that the semiconductor production equipment market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Download Sample Report:
https://www.linkedin.com/feed/update/urn:li:activity:6960847017849819137
Allied Market Research published a research report on the semiconductor production equipment market. The findings of the report state that the global market for semiconductor production equipment generated $71.8 billion in 2020, and is projected to reach $259.7 billion by 2030, registering a CAGR of 12.9% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.
Get a PDF Sample:
The report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. An increase in the usage of hybrid cars, growth in the popularity of electric vehicles due to their low maintenance, rise in the adoption of smartphones, and growing prevalence of artificial intelligence are expected to drive the growth of the global semiconductor production equipment market. On the other hand, semiconductor shortages are expected to hinder growth to some extent. However, persistent technological advancements are expected to create ample opportunities for the industry.
The semiconductor production equipment has observed significant growth in the past few years due to the rise in vehicle electrification and the increased adoption of hybrid and electric vehicles. Expanding chip business in China and the rise in developments in advanced memory products will create an advantage for 2.5D machines. Furthermore, automotive industries are frequently involved in collaboration and partnerships, which will boost the market growth,” says Amar Chinchane, Lead Analyst, Construction and Manufacturing at Allied Market Research.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the semiconductor production equipment market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global semiconductor production equipment market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in delays in the manufacturing and production of semiconductor production equipment. This was majorly due to the stringent restrictions imposed by the government to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.
The report offers detailed segmentation of the global semiconductor production equipment market based on product type, function, dimension, supply chain process, and region.
Based on product type, the front-end equipment segment held the largest market share in 2020, holding more than four-fifths of the global market. The back-end equipment segment, on the other hand, is predicted to cite the fastest CAGR of 14.2% during the forecast period.
Based on the dimension, the 3 dimension segment held the dominating market share in 2020, holding nearly half of the global market. In addition, the same segment is expected to cite the fastest CAGR of 14.3% during the forecast period. Other segments included in the segment include 2D and 2.5D.
Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering more than four-fifths of the global market. In addition, the same segment is expected to cite the fastest CAGR of 13.4% during the forecast period. The other provinces discussed in the report include North America, Europe, and LAMEA.
The key players analyzed in the global semiconductor production equipment market report include Applied Materials Inc., Intel Corporation, Micron Technology Inc., Qualcomm Technologies, Inc., Tokyo Electron Limited, AlsilMaterial, Samsung Group, ASML Holdings N.V., Screen Holdings Co., Ltd., and Teradyne Inc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060|Fax: +1-855-550-5975
Email: [email protected].
Follow us on LinkedIn , Twitter, Facebook, Pinterest, YouTube & Instagram.
