Global Semiconductor Capital Equipment Market 2019-2023
About this market
Owing to the rising need for semiconductor memory devices due to the rapidly advancing dynamics of consumer electronics, the semiconductor memory devices market demand is expected to rise throughout the forecast period. Technavio’s analysts have predicted that the semiconductor capital equipment market will register a CAGR of more than 6% by 2023.
Rising number of fabs
The increasing need for creating ICs for different applications is leading to the rising construction of fabs. Such rising construction of fabs will proliferate the semiconductor production capacity, in turn, leading to the continuous growth of the semiconductor capital equipment market in the forthcoming years.
Shortage of skilled and trained personnel
The lack of knowledge and skills in the fields of engineering and technology owing to the gradual decline in technical education programs across schools is hindering the growth of the semiconductor market, in turn, impacting the semiconductor capital equipment market adversely during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the semiconductor capital equipment market during the 2019-2023, view our report.
The market is quite fragmented and with the increasing presence of various regional players, the market competition is likely to become quite intense. As more and more vendors focus on increasing the production capacity, the competition will rise in the forthcoming years. The research report offers detailed insights about the market players which will help the clients in making strategic business decisions.