Global Semiconductor Process Control Equipment Market 2016-2020
About Semiconductor Market
The global semiconductor market is migrating toward more complex and miniaturized devices. With the industry migrating toward smaller node sizes of 10 nm and below, semiconductor device manufacturers seek higher inspection sensitivity, metrology sensitivity, and updated software to control the manufacturing process. Technological advances in semiconductor fabrication have led to the introduction of complex structures and new materials that make semiconductor devices stronger, reliable, and more powerful while also supporting high-volume manufacturing.
Technavio’s analysts forecast the global semiconductor process control equipment market to grow at a CAGR of 11.06% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global semiconductor process control equipment market for 2016-2020. To calculate the market size, the report considers the sales of the semiconductor process control equipments to foundries, memory manufacturers, and IDMs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Semiconductor Process Control Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global semiconductor process control equipment market: Applied Materials, Hitachi High-Technologies, and KLA-Tencor.
Other Prominent Vendors in the market are: Carl Zeiss, Hermes Microvision, Lasertec, Nanometrics, Nova Measuring Instruments, Rudolph Technologies, and Toray Engineering.
Commenting on the report, an analyst from Technavio’s team said: “Growing acceptance of wearable devices will be a key trend for market growth. Wearable devices use mobile communications technology. These devices have integrated sensors and are attached to a body part. They can be used to monitor daily activities and track fitness levels, besides providing communication services. They include smart watches, smart fabrics, heart rate monitors, smart glasses, and fitness bands, such as FitBit Surge, Garmin Vivoactive, and Mio Fuse. Semiconductor device manufacturers have realized the market potential of this sector. Therefore, manufacturers like Toshiba have started developing specialized ICs to support technology requirements. In early 2015, the company announced the release of two new specialized ICs, Z1011MBG, a gyroscope and magnetometer fitted IC, and TZ1031MBG, with only a gyroscope.”
According to the report, IoT is a major growth driver for the semiconductor market. However, the challenges associated with the implementation of IoT across nations will slightly hinder the market's growth potential. The growing need for semiconductor wafers will have a high impact on semiconductor foundries. It will increase the semiconductor capital equipment spending and drive the market for semiconductor process control equipment.
Further, the report states that the high cost of process control equipment, such as inspection systems and metrology systems, and the uncertain future of the semiconductor market are factors that compel vendors to reduce their capital expenditure on equipment. Unfavorable economic conditions such as the Brexit crisis and the decreasing value of the Yuan against the US dollar are some of the major concerns of vendors. The Chinese government reduced the guidance rate of the Yuan by nearly 2%, standing at 6.2298 to the US dollar. This devaluation hit global equities, with investors fearing currency wars and a slowdown in the economy. This will tighten the credit facilities for vendors, thereby reducing their profit margin. For instance, in March 2016, Applied Materials reported that it plans to invest $615 million in the Chinese market over the next few years. The devaluation of Yuan could affect its profit margins substantially. This may pose a major challenge to vendors offering process control equipment during the forecast period.
Applied Materials, Hitachi High-Technologies, KLA-Tencor, Carl Zeiss, Hermes Microvision, Lasertec, Nanometrics, Nova Measuring Instruments, Rudolph Technologies, and Toray Engineering.