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Chip equipment market will be Iing segment among all, which is contrib-
worth $142.53 billion by 2027 uting to market growth. The main driv-
ing force for this segment is the growth
HYDERABAD, India —The Semicon- of smartphones, which is expected to rise
ductor Equipment Market stood at with the rise in population.
$101.75 billion in 2021 and is expect-
ed to reach $142.53 billion in 2027, Mobile subscribers
registering a CAGR of 4.08% during Mobile subscribers are also expected to
the forecast period, according to Mor- grow from 5.1 billion in 2018 to 5.8 billion
dor Intelligence. in 2025. Due to the miniaturization trend
of mobile devices, there has been a rise
5G deployment is key in the semiconductor industry, which in
The deployment of 5G is expected to be return drives the market for the semicon-
one of the key factors facilitating this re- ductor equipment market.
covery.
Moreover, according to the Consumer
This is because the expansion of 5G will Technology Association, smartwatch unit
lead to the expansion of the wireless in- sales reached 141 million (unit sales) in
dustry and enable innovations like aug- 2018, from 75 million in 2017, which is
mented reality, mission-critical services, expected to contribute to the semiconduc-
fixed wireless access, and the massive tor industry.
internet of things.
The global demand for 300mm silicon Significant growth for Asia-Pacific
wafers is strong, whereas the demand for The Asia-Pacific semiconductor manufac-
200mm has also seen a surge in recent turing equipment market is projected to
witness significant growth due to the cycli-
years.
cal resumption of growth in the semicon-
ductor industry and the expansion of the
Growth catalysts equipment manufacturers operating in the
According to SEMI, 200mm fabs are gear- region.
ing up to add over 600,000 wafers per
month across the world during 2017– One of the major factors for this expansion
2022. Such trends are further expected is the financial support that Asian govern-
to act as catalysts for the growth of the ments are extending to this industry.
market studied.
Due to increasing demand and competi-
The COVID-19 pandemic disrupted the tion from other players operating in the
supply chain and production of semicon- region, major players, like Samsung Elec-
ductors worldwide, especially in China, tronics Co., are investing in miniaturizing
during the initial phase of 2020. semiconductors, a process called extreme
ultraviolet lithography.
An increase in demand for smartphones
will drive the market, according to the The company has planned a USD 116 bil-
report. lion investment to counter growing compe-
tition from TSMC.
-Consumer electronics is the fastest-grow- mordorintelligence.com
