Market Overview

Semiconductor equipment is an electronic circuit component that is neither a good conductor nor a good insulator, which exploits the electronic properties of semiconductor material, such as silicon, germanium, and gallium arsenide, as well as organic semiconductors. Such devices have found wide applications in compactness optical sensors, power devices as well as light emitters, owing to their compactness, reliability, and low cost.

Semiconductor equipment have replaced the thermionic devices or vacuum tubes in most applications. A single integrated circuit (IC), such as a microprocessor chip, requires its own electric generating plant to work in replacement of set of vacuum tubes for enhancing the high-speed of optoelectronic applications. Furthermore, semiconductor equipment have found use in the designing of logic gates and digital circuits, high voltage applications, analog circuits, automobiles, amplifiers and microprocessors, LED lights.

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Market Dynamics

The global semiconductor equipment market growth is attributed to rise in demand for various modern gadgets such as smart phones and laptop. The smart phone and laptops are embedded with millions of tiny transistors to empower various functionalities such as low voltage and high speed optimized embedded SRAMs, radiation hardened embedded SRAMs and custom embedded SRAM solutions, etc. Moreover, a rising disposable income increases the probability of consumer spending on consumer electronics, which is leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. As there is high demand for smartphones in emerging economies such as India, China, Japan etc., the instances of smartphone adoption are very high among the urban population as compared to the rural population. These factors are expected to drive the market growth during the forecast period 2018-2026.

The semiconductor market is gaining significant traction among industrial sectors such as automotive, aircraft, telecommunication, and wireless devices. This growth in semiconductor industry is attributed to increase in international investment in response to a rapid rise in consumer demand from various geographical locations. For instance, in December 2015, United Microelectronics Corporation (UMC) collaborated with the Xiamen government and FuJian Electronics and Information Group on a US$ 6.2 billion investment in a semiconductor fabrication plants. Increased industrial productions and reviving consumer confidence further led to an increase in demand for semiconductor-related products and equipment across the world.

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Some of the key players operating in the global semiconductor equipment market include Applied Materials, ASML, Canon, Tokyo Electron, Lam Research, KLA-Tencor, Dainippon Screen, Advantest, Teradyne, and Hitachi High-Technologies.

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