Semiconductor deposition: Key market research findings
- Rise in spending on memory technologies
- High adoption of semiconductor ICs in automobiles
Technavio has released a new market research report on the global thin film semiconductor deposition market, which is expected to grow at a CAGR of 14% by 2020. The emergence of 3D, ultra-high definition (UHD) TVs, and hybrid laptops has led to rising demand for semiconductor ICs. The expansion of fabs worldwide also drives the demand for semiconductor deposition equipment. APAC is the major revenue contributor to the global thin film semiconductor deposition market, accounting for 71% of the market in terms of revenue. Rising demand for semiconductor equipment in consumer electronics has boosted this region’s growth.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Several semiconductor device manufacturers are shifting their focus from logic, analog, and discrete devices to memory devices such as 3D NAND and DRAM, as the market for memory devices has immense growth potential in the coming years. With rising demand for high-functionality smartphones, tablet PCs, and notebooks, original equipment manufacturers (OEMS) are expected to launch new products integrated with 3D NAND. Vendors are expanding their production facilities to meet the demand for memory devices, which has created the need for semiconductor deposition equipment,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
Electrification and automation of automobiles has led to an increasing need for semiconductor wafers. Semiconductor ICs are used in automotive products such as airbag control, GPS, anti-lock braking systems (ABS), car navigation and display, power doors and windows, infotainment, automated driving, and collision detection technology. The automotive product market is expected to grow with the rise in car production during the forecast period. This will create demand for semiconductor devices, driving the need for semiconductor deposition equipment during the forecast period.
The leading players in the global thin film semiconductor deposition market include Applied Materials, Hitachi Kokusai Electric, Lam Research, and Tokyo Electron. Intense competition prevails in the market, where vendors are adopting M&A strategies to strengthen their market shares. The entry of new vendors is restricted in the market due to the need for a high initial capital investment and the string strong positions of existing players in the market.
A more detailed analysis is available in the Technavio report, Global Thin film semiconductor deposition Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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