Semiconductor Equipment Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027) – Yahoo Finance
The semiconductor equipment market is expected to reach a value of USD 142. 53 billion in 2027, registering a CAGR of 4. 08% during the forecast period. The global semiconductor industry will be driven by the simultaneous growth associated with smartphones and other devices, such as advanced consumer electronics, and the particular growth of the automotive industry.
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These industries are driven by technology transitions such as wireless technologies (5G) and artificial intelligence. Several factors, including a steady rise in the particular demand for high-performance and low-cost semiconductors, drive the market with varying impacts over the particular short, medium, and long term.
The deployment of 5G is expected to be one of the key factors driving the market. This is because the expansion associated with 5G would lead in order to the expansion of the wifi industry plus enable innovations like augmented reality, mission-critical services, fixed wireless access, and the Internet of Things.
Furthermore, with the gradual transitions in the semiconductor industry, such as the miniaturization of nodes and wafer sizes, the demand for increasing the wafer sizes with regard to ultra-large-scale integration technologies has fostered the particular growth associated with semiconductor gear. Moreover, fab manufacturers are shifting process monitors from bare wafers to production wafers due to the higher cost and inspection challenges faced by wafer miniaturization.
A global need for 300 mm silicon wafers is usually strong, plus the demand for 200 mm has also seen the surge in recent years. According to SEMI, two hundred mm fabs are gearing up to add over 600, 000 wafers per month across the world during 2017–2022. Such trends are further likely to act as catalysts for the growth of the market studied.
The COVID-19 pandemic disrupted the supply chains and production processes of semiconductors worldwide, especially in China, during the first half of 2020. The primary reason was a labor shortage, during which several semiconductor companies suspended operations. This created a crunch for end-product companies that depend on semiconductors.
Key Market Trends
Increasing Demand regarding Consumer Electronic Devices
Consumer electronics is the fastest-growing segment plus contributes significantly to marketplace expansion. The particular growth associated with smartphones, which is predicted to increase with population growth, is definitely the key driving force for this market. Consumer electronics drive the industry due to the particular increased requirement for products like tablets, smartphones, laptop computers, and wearable gadgets. As semiconductor technology advances, new marketplace areas, for example machine learning, are rapidly being integrated.
Due to ongoing improvements in items, including cars, medical products, smart devices, smart homes, and wearables, semiconductor incorporation has become a widespread phenomenon. Additionally , the trend of combining semiconductors into a single chip can be expanding due to the consumers’ desire for small-sized devices. The machinery used to manufacture semiconductors is gaining momentum since it makes it possible in order to assemble semiconductors on a single chip.
There were approximately 8. 2 billion mobile subscriptions by the end of 2021. This is certainly anticipated to reach nearly 9. 1 billion dollars right at the end of 2027. The particular percentage associated with mobile broadband subscriptions may rise through 84% to 93% at the same time. By the end of the particular forecast time period, there are expected to be 6. 7 billion unique mobile customers, up from 6. 1 billion at the end of 2021.
Smartphone-related subscriptions are still increasing. Right now there were 6. 3 billion at the end of 2021, making up nearly 77% of all mobile phone subscriptions. By 2027, this is expected to increase in order to 7. 8 billion, or 87% of most mobile subscribers.
The semiconductor tools market is driven by the demand intended for quicker and more effective memory solutions. These semiconductors are becoming more complicated and can handle intensive memory space operations. Overall, the market is seeing significant investments due to the increased reliance on IP solution providers.
Asia-Pacific Expected in order to Hold Significant Market Share
The particular semiconductor equipment is highly concentrated in a few countries, plus sales of this equipment are very limited or even non-existent outside some major countries. China has grown significantly as an essential producer associated with mature semiconductor technologies. On the other hand, the Chinese government continues to prioritize the particular semiconductor industry as a driver of economic growth and technological leadership. It is anticipated to add roughly 40% from the new global capacity simply by 2030.
Further, within April 2022, Teradyne Inc., a leading supplier associated with automated test equipment, announced the shipment of the seven, 000th unit of its J750 semiconductor check platform to Nations Technologies, a top microcontroller unit (MCU) and security integrated circuit (IC) nick maker in China.
The growing adoption of smart electronic devices that will improve manufacturing opportunities as well as the significant integration of electronics into various applications are the key aspects driving the growth associated with semiconductor devices in Japan. Moreover, the particular incorporation of IoT, synthetic intelligence, and connected products into numerous end-user sectors are anticipated to drive the semiconductor apparatus market in the Country.
Due to the particular robust demand for chips used in vehicles and high-performance computing devices, Taiwan is expected to become the world’s largest spender upon front-end chip manufacturing machines this year, according to the international trade group SEMI. Taiwanese fab equipment spending will be expected to rise by 52% yearly in order to USD 34 billion.
South Korea along with other main hubs to get foundries are usually increasingly investing and incentivizing to expand the presence of their respective countries. In addition, the Ministry associated with Trade, Industry, and Energy announced that chip exports are expected to double in order to USD 200 billion by 2030. In addition, the government seeks to build the “K-Semiconductor belt”that stretches dozens of kilometers south of Seoul plus brings together chip designers, manufacturers, and suppliers. These types of plants aim to sharpen South Korea’s competitive edge in the particular global semiconductor industry plus localize major semiconductor materials and gear supplies along with key semiconductor companies and their suppliers working in clusters amid a global nick shortage.
The intensity associated with competitive rivalry is moderately high in the semiconductor products market. Firm specialization is usually driven simply by the high R& D investments plus capital expenditures required to compete inside the SME industry. Some key players are Applied Materials Incorporation., ASML Holding Semiconductor Company, and KLA Corporation. A few recent developments in this market are:
May 2022: SCREEN Holdings increased its efforts in order to reduce the environmental impact from the semiconductor business. However, because reliance on semiconductor gadgets has developed, environmentally friendly impact created by the particular manufacturing procedures has become a shared concern pertaining to the semiconductor industry. With this challenge in mind, SCREEN SPE agreed to join the Sustainable Semiconductor Technologies and Systems research program led by IMEC, a world-leading innovator. The particular program is designed to help the particular semiconductor market reduce the overall environmental impact.
February 2022: United Microelectronics Corporation (UMC), a Taiwanese global semiconductor foundry, introduced its plans to build a new advanced manufacturing facility in Singapore. The new facility would end up being built next to its existing plant, known since Fab12i, within Pasir Ris. The total investment for the planned project was USD 5 billion. The particular new wafer fab service would have a monthly capacity of 30, 000 wafers, with production anticipated to start in late 2024. According in order to UMC, this would also be one associated with the most advanced semiconductor foundries in Singapore plus will produce 22 nm and 28 nm potato chips.?
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