5 major trends that are transforming the outlook for the semiconductor manufacturing equipment market during the period 2021-2027

0

[ad_1]

The expansion of the electronics industry, driven by the growing demand for consumer electronics, the growing gaming industry, and the growing propensity for electric and hybrid vehicles, has created huge lucrative opportunities for the market. semiconductor manufacturing equipment. This can be attributed to the increasing demand for various semiconductor manufacturing tools for the production of memory integrated circuits, sensors, PMICs, microprocessors, systems on chip, etc.

The industry landscape is further enhanced by the ongoing business expansion moves initiated by the major semiconductor companies. A prime example of such an initiative is the start of construction of two new factories in the United States by leading chipmaker Intel in 2021. These facilities will house the company’s highly advanced chipmaking technology.

According to the recent report by Global Market Insights, Inc., the semiconductor manufacturing equipment market size is expected to exceed $ 90 billion by 2027, in light of the following trends:

New product launches by key companies

Large companies operating in industry focus on developing innovations semiconductor manufacturing devices to effectively meet consumer demand and gain competitive advantage in the market. Citing one example, in 2020 Advantest Corporation released two general purpose hardware devices, digital and power modules to support the capabilities of the T2000 test platform. They are designed for use in the mass production of SoC chips, power management integrated circuits, CMOS image sensors, and automotive sensors.

Increased adoption of polishing and grinding equipment

Polishing and grinding processes are widely adopted for manufacturing MEMS sensors, integrated circuits (ICs), chipsets, optics and compound semiconductors. The growing preference for miniaturized integrated circuits in electronics necessitates frequent polishing and grinding to reduce damage below the surface and maintain the flexibility of the wafers. The growing demand for the process encourages market players to focus on the development of new products, which positively influences the growth of the company. To illustrate, in 2020 ACM Research, Inc. introduced the Stress-Free Polishing Tool for advanced semiconductor conditioning and wafer processing. Polishing and grinding equipment is predicted to have a robust CAGR of over 5.0% through 2027, according to some sources.

The growing popularity of 2D technology

The increasing popularity of 2D technology can be attributed to the associated advantages such as robust construction, reduced power consumption and minimal operating cost. It is widely used in the manufacture of 2D planar memory devices. Various companies and research institutes form strategic alliances to develop integrated circuits based on 2D materials. For example, in 2021, TSMC partnered with the National Taiwan Institute and MIT to develop 1nm chips using two-dimensional materials. With increased adoption, the 2D technology segment is expected to observe a lucrative 6.0% CAGR through 2027.

Growing adoption of the foundry supply chain process

The growing demand for power electronics and high performance computing devices is prompting foundry suppliers to improve their integrated circuit manufacturing with new technology nodes. Various companies are prone to technical improvements such as the application of laser-plasma as a light source in extreme ultraviolet printing devices to generate high quality wavelengths. For example, in 2021, Micron announced plans to deploy extreme ultraviolet equipment in its manufacturing foundries. Considering these factors, the foundry’s supply chain process segment had captured over 25% share in 2020 and is expected to register a significant CAGR of over 6.0% through 2027.

Growth of semiconductor-based projects in Europe

Growing government initiatives and investments in semiconductor-based projects in Europe are boosting the expansion of the semiconductor manufacturing equipment industry in the region. As an example, in 2021, the European Union unveiled its intention to increase chip production capacity by 20% by 2030. The EU also said it is investing $ 160 billion in technological development involving semiconductor manufacturing and supply chain infrastructure. In addition, regional chipmakers collaborate with various industry experts, which in turn promotes industrial growth. According to the report, the industry is expected to register a robust CAGR of 4.5% through 2027.

In short, the semiconductor manufacturing equipment market is gaining ground with the increasing investments in chip manufacturing facilities coupled with the emergence of technologically advanced solutions.

Source: Global Market Insights Inc.

[ad_2]
Source link

Share.

Comments are closed.