Elettronica
Semiconductor Manufacturing Equipment Market to hit $90 Bn by 2027, Says Global Market Insights Inc.
The polishing & grinding equipment segment held a market share of over 3% in 2020 and is projected to grow at 5% 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.
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The 2D technology segment captured more than 30% of the revenue share in 2020 on account of the several features offered by the architecture such as robust built, low-power consumption, and low-cost operations. Several companies and research institutes are collaborating to develop 2D material-based ICs. For instance, in May 2021 , TSMC collaborated with the National Institute of Taiwan (NTU) and MIT for the development of 1nm chips. The collective research states that the use of two-dimensional (2D) material in 1nm chips can considerably reduce resistance and enhance current in semiconductors.
The foundry supply chain process segment is projected to witness growth rate of around 6% from 2021 to 2027. Increased demand for power electronics and high-performance computing devices, encouraging foundry providers to enhance their IC manufacturing with new technology nodes is boosting the market statistics. Several companies are focusing on technical improvements such as the utilization of laser-plasma as a light source in extreme ultraviolet (EUV) printing equipment to produce high-quality wavelengths. Technical improvements will help foundry operators to reduce costs on maintenance and operations, accelerating the market expansion.
The Europe semiconductor manufacturing equipment market is anticipated to register 4.5% 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% 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.
Browse key industry insights spread across 250 pages with 197 market data tables and 22 figures & charts from the report,
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Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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