The global semiconductor photoresist stripping market to grow at a CAGR of 3.13% during the period 2016-2020.
Global Semiconductor Photoresist Stripping Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is helping boost market growth is the increasing popularity of wearables. The wearable technology essentially is a mobile form of technology that can be attached to a body part and used to monitor daily activities. It includes smart watches, smart glasses, smart fabrics, heart rate monitors, and fitness tracking gadgets.
Semiconductor chips play a key role in wearables. IC manufacturers such as Toshiba have started developing specialized ICs to support wearable technology requirements such as small size and high performance. Photoresist stripping ensures complete removal of photoresist residuals from the wafer, keeping it clean.
According to the report, a key driver which plays an important role is the growth of automation technology in the automotive industry. Automobiles are undergoing a massive digital makeover. Leading manufacturers such as Toyota, Audi, and Mercedes have invested considerable resources in R&D of automobile automation.
Semiconductor content plays a key role in the automation of automobiles. The automation technology requires a large number of chips to be embedded into vehicles for a variety of functions such as infotainment systems, anti-breaking systems, and GPS. This has led to increased need for semiconductor wafers, which are used to manufacture ICs. Efficient chip fabrication is important to ensure manufacturing of good quality semiconductor chips that deliver optimum performance. This will drive the market for automobiles.
Further, the report states that one challenge that could restrict market growth is the need for substantial capital for R&D.