Semiconductor is very important and useful component, which is widely used in different industries for variety of applications. Electronics industry and automotive industry are two of the most important industries for growth of semiconductor production equipment. In these two industries, use of semiconductors is more as compared to other industries. These machines are used for production of semiconductors are called as semiconductor production equipment. Fabrication is an important process, which is being done by semiconductor production equipment. Various systems are included in semiconductor production equipment.

Market scope and structure

COVID-19 scenario analysis:

• The demand for semiconductor production equipment is expected to decrease in the year 2020, owing to low demand from different industries due to lockdown imposed by government of many countries.
• COVID-19 pandemic has shut-down production of various products in the semiconductor production equipment industry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of semiconductor production equipment market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020 and is expected to cause a negative impact on the market growth throughout the year.
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Semiconductor chipsare used in variety of applications such as electronic devices, wind tunnel, solar panels and electric vehicles. These are also used in energy saving applications as well. The devices such as smart homes, smart watches and smart phones which are based on the internet of things (IoT) technology require the semiconductors chips in large extent. Semiconductors offer various applications to the automobile industry such as car navigation system, airbag control, power doors and windows and anti lock breaking system (ABS).

There are three types of equipments which are used for semiconductor manufacturing and these semiconductor manufacturing equipments includes test end, assembly and wafer fabrication equipments. In addition, three processes named as wafer fabrication process, assembly process and test are used for the manufacturing of semiconductor production instrument.

Wafer fabrication equipment comes in different form and these equipments are used for removing, depositing and growing the materials from the wafer. Etching equipment, photolithography equipment, chemical vapor deposition system, ion implantation equipment, diffusion system, epitaxial reactors and oxidation systems are the types of wafer fabrication equipment. When the wafer fabrication process is over, assembly equipments are used so that wafers can be packed in the integrated circuits, which can be used directly in the applications. After that testing of these assembled devices is performed and depending on the test results these devices are shipped. Test equipments such as test handlers or electrical testers are used to perform the testing of the assembled devices.

New product launch to flourish the market:

Companies in the semiconductor production equipment market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In May 2020, Tata Consultancy Services (TCS) which is one of the leading companies in electronics software has launched cloud based solution named as TCS WaferWise. This cloud based solution is designed primarily to detect the defects which are present in the wafer. This system is driven by the artificial intelligence (AI) technology. By implementing this cloud service, product quality can be improved to a large extent. Many companies are expected to use this technology for their operation.

Key driving factor for the growth of semiconductor production equipment market:

Semiconductors are used in many applications in different industry. Electronics industry across the globe is growing at rapid pace. Semiconductor is one of the important components for electronic devices. This could be the key driving factor for the growth of semiconductor production equipment market.

In addition, many applications are offered by the semiconductors in automobile industry. As, the automobile industry is growing, the demand for semiconductors is also increasing. Hence, the demand for semiconductor production equipment is also expected to rise during the forecast period.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the semiconductor production equipment market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed semiconductor production equipment market analysis based on competitive intensity and how the competition will take shape in coming years.