Semiconductor equipment are the electronic components that utilize the electronic properties of semiconductor materials, such as silicon, germanium, organic semiconductors and gallium arsenide, which are used to manufacture semiconductor devices or integrated circuits. Semiconductor equipment helps in achieving a desired output from semiconductors. It is a huge sized equipment that comprises multiple step processes that produce a semiconductor constituents. Semiconductor equipment are used in order to ensure assembling of the semiconductor parts, wafer fab, and testing of the entire device.

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Moreover, growing demand for electronics and gadget services have contributed majorly to growth of the semiconductor equipment market. According to the Coherent Market Insights’ analysis, the global semiconductor equipment industry witnessed growth with a market size of US$ 57.1 billion in 2017, and by 2019, the market is expected to grow by 14.8%, accounting for US$ 70.9 billion. This significant growth is expected to propel demand for semiconductor materials in Artificial Intelligence (AI) programs, such as autonomous vehicles, automotive, consumer electronics, IoT, and AI-driven electronics. Extensive use of the semiconductors in electronic devices such as smartphones, flat-screen monitors & LED TVs, civil aerospace, and military systems is expected to drive growth of the semiconductor industry.

Global semiconductor equipment market is expected to witness significant growth during the forecast period of 2018–2026. The market growth is majorly attributed to increasing adoption of semiconductor equipment for different applications such as consumer electronics, automotive, and communications sector. According to the Coherent Market Insights, by 2026, the semiconductor equipment industry is set to experience a massive benefits from ongoing development and innovation in connectivity, communications, advanced software, the automotive industry, and data centers. For instance, in October 2018, Samsung Electronics launched new automotive semiconductors, which will bring its market-proven technologies and diversify its business portfolio into the automotive sector.

Asia Pacific semiconductor equipment market accounted for largest share in 2018
Asia Pacific is expected to be the largest and fastest growing region in the semiconductor equipment market during the forecast period of 2018-2016, owing to increasing adoption of semiconductor equipment for innovative technologies such as connected vehicles, industrial automation, and other process automation. According to Coherent Marker Insights’ analysis, in 2018, the countries such as China, Taiwan, Korea, India, Japan, and India hold more than 90% market share in the semiconductor equipment market.
Asia Pacific region also has presence of key industry participants such as Tokyo Electron Limited, IHI Corporation, and Hitachi Kokusai Electric Inc., which will help Asia Pacific region retain its dominance over the forecast period. Furthermore, companies are increasingly investing on the construction of new foundries. For instance, in 2017, companies such as Intel, Micron, Toshiba, and Global Foundries have increased their fab or foundries investments. Furthermore, in June 2018, South Korea witnessed a surge in semiconductor foundries investments from Samsung, as it increased investment from US$ 8 Bn to US$18 Bn in 2017-2018. This is expected to ensure steady growth for Asia Pacific region, thereby augmenting the overall growth of the semiconductor equipment market.

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Key companies
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.