Technavio expects global wafer-level manufacturing equipment market to surpass $42 billion by 2020

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This market study report covers the growth prospects of the global wafer-level manufacturing equipment market with segmentations based on products (wafer fab equipment and wafer-level packaging and assembly equipment) and end users (foundry, memory, and IDM). Market shares for key geographies include APAC, North America, and Europe. It also includes an insightful analysis of the leading vendors in the market, such as Applied Materials, ASML, TEL, Lam Research, and KLA-Tencor.

Technavio has released updated information on the manufacturing equipment market, with the publication of its new market research report, global wafer-level manufacturing equipment market. The global wafer-level manufacturing equipment market is expected to grow at a CAGR of more than 4% between 2016 and 2020. Increase in demand for semiconductor devices has pushed manufacturers to increase the production capacity of the semiconductor ICs, boosting the demand for wafer-level manufacturing equipment. APAC occupies the largest share in the global market for wafer-level manufacturing equipment, owing to the presence of prominent semiconductor foundries in the region.

“Of late, most semiconductor companies are going fabless to reduce the overhead costs in their operations and maintenance of foundries. They are outsourcing their fabrication and other foundry- activities to companies that specialize in manufacturing, assembly, and testing of semiconductor ICs. This has increased the net aggregate demand for semiconductor ICs, owing to rise in number of fabless semiconductor companies, and has resulted in more demand for wafer-level manufacturing equipment,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research

Wafer fab equipment dominate the wafer-level manufacturing equipment market, due to increase in demand for semiconductor devices in automotive applications.  The wafer fab equipment segment currently accounts for more than 94% of the total market share and is predicted to retain its dominating hold over the market by 2020 due to the high price of equipment in this segment.

The key vendors in the global wafer-level manufacturing equipment market include Applied Materials, ASML, TEL, Lam Research, and KLA-Tencor. This market is envisaged to exhibit a high growth potential during the forecast period and is primarily dominated by major vendors like Applied Materials and ASML. To match the rising demand in this market, vendors have to expand their production facilities so as to manufacture advanced semiconductor ICs.

A more detailed analysis is available in the Technavio report, Global Wafer-level Manufacturing Equipment Market 2016-2020.

We can customize this reports by other regions and specific segments upon request.

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