Rising need for memory ICs, such as MRAM, DRAM, and SRAM, in gaming and entertainment applications is likely to boost the industry growth
The semiconductor manufacturing equipment market is expected to surpass USD 90 billion by 2027, as reported in a research study by Global Market Insights Inc. Rising need for memory ICs, such as MRAM, DRAM, and SRAM, in gaming and entertainment applications is likely to boost the industry growth. The expanding gaming industry will add new growth opportunities for memory IC manufacturers.
The polishing & grinding equipment segment held a market share of over three per cent in 2020 and is projected to grow at five per cent CAGR through 2027. Growth is attributed to the increasing demand for polishing & grinding processes in the manufacturing of MEMS sensors, chipsets, integrated circuits, optics, and compound semiconductors.
“The increasing demand for miniaturized integrated circuits in electronics necessitates regular polishing & grinding to reduce subsurface damage and maintain wafer flexibility, fueling the adoption of semiconductor manufacturing equipment in the market,” read the report.
The Europe semiconductor manufacturing equipment market is anticipated to register 4.5 per cent CAGR till 2027 propelled by rising government initiatives and investments to boost semiconductor-based projects in the region.
For instance, in March 2021, the EU announced its plan to boost chip production capacity by 20 per cent by 2030. The European Union also stated that it will invest USD 160 billion in technology development including semiconductor manufacturing and supply chain infrastructure. Furthermore, the collaboration of European chipmakers with diverse industry experts will help them to further develop the fabrication process.
