Semiconductor photoresist stripping: Key market research findings
- Development of smart cities drives market growth
- APAC dominates the market geographically
- Key vendors – Mattson Technologies and Lam Research
Technavio’s market research analysts predict the global semiconductor photoresist stripping market to grow at a CAGR of more than 3% between 2016 and 2020. Recent initiatives taken for the development of smart cities is driving the prospects for growth in this market. Government organizations across the globe are investing largely in the development of smart cities or connected cities. During 2015, the APAC region accounted for around 73% of the overall market share to become the dominant shareholder in the global semiconductor photoresist stripping market. The presence of a number of semiconductor foundries such as TSMC, Samsung, and SMIC in APAC coupled with the expansion of vendors like Samsung, Sony, LG, Toshiba, and Panasonic into this region will aid in the strong growth of this market.
The new market research report from Technavio presents a breakdown and analysis of the semiconductor photoresist stripping segments based on the application.
“Wearable technology is essentially a mobile form of technology that can be attached to a body part and used to monitor daily activities. It includes devices like smart watches, smart glasses, smart fabrics, heart rate monitors, and fitness tracking gadgets. With the growing popularity of wearables among the populace, the demand for semiconductor chips in the market will increase significantly,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research.
The foundries segment occupied almost 63% of the total market share and dominated the semiconductor photoresist stripping market globally during 2015. Much of this segment’s growth is fueled by the growing demand for semiconductor chips, which is a result of the increasing penetration of electronic devices like smartphones, laptops, digital cameras, notebooks, gaming consoles, set-top boxes, and network switches. The semiconductor photoresist stripping market for foundries is expected to benefit from the rise in order quantity received by the foundries for ICs by 2020.
The key vendors in the market include Mattson Technologies and Lam Research. Owing to the highly consolidated nature of the market and the critical requirement for technical expertise, this market is characterized by the presence of a few established vendors. In this market, manufacturers constantly make huge investments in R&D to meet market demands, and the presence of a number of foundries in APAC countries will lead to this market being highly competitive in the APAC region.
A more detailed analysis is available in the Technavio report, Global Semiconductor Photoresist Stripping Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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