The highest growth is projected to come from the wafer processing equipment segment, driven by increasing global demand for these products
The semiconductor machinery manufacturing market growth outlook is positive with significant growth potential for wafer processing equipment in particular, a new research has concluded.
However, there is pressure on semiconductor machinery manufacturers to reduce machinery costs as high prices are limiting investment by smaller semiconductor manufacturing companies, the research published by ReportLinker stated.
The report cited that factors such as emerging market growth, increased access to the internet globally and increased investment in smart cities in both developing and developed economies are increasing the demand for semiconductors, thus contributing to the growth of the semiconductor machinery manufacturing market.
The market for semiconductor machinery manufacturing is concentrated. Major players in the market are Applied Materials, Inc, ASML Holding N.V., Lam Research Corporation, SCREEN Holdings Co., Ltd. and Tokyo Electron Limited.
The wafer processing equipment segment accounted for the largest share of the semiconductor machinery manufacturing market in 2018. In the future too, the highest growth is projected to come from the same segment.
Major drivers for this growth include robust demand for these products from semiconductor manufacturing companies owing to rapid growth in the demand for electronic products globally, and large investments in smart city projects in many developed and developing economies.
Asia Pacific was the largest region in the semiconductor machinery manufacturing market, followed by North America and Western Europe till now.
In the future, the fastest growth in the semiconductor machinery manufacturing market is predicted for Western Europe, followed by Asia Pacific.
China was the largest market by country in terms of value in the semiconductor machinery manufacturing market. China and Japan are forecast to have the fastest growth.
The market is challenged by restraints such as high investment costs and increasing trade protectionism.
