The report forecasts the global semiconductor capital equipment market to grow at a CAGR of 4.02% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is boosting market growth is the increased use of semiconductor devices in automobiles. The electrification and automation of automobiles have led to the increasing need for semiconductor wafers. Different types of semiconductor ICs are used in a number of automotive products like navigation control, infotainment systems and collision detection systems. There is also a growing demand for hybrid and electric vehicles (HEVs) with increased environmental awareness and emissions legislations. The demand for driverless and smart cars will generate demand for advanced sensors.
According to the report, a key growth driver is the need for high precision tolerance in miniaturized electronic devices. The demand for compact electronic devices, be it communication device, automotive, industrial manufacturing, or healthcare equipment, has grown in almost every sector. This trend has compelled the semiconductor IC manufacturers to spend on R&D to reduce the size and increase the performance of ICs, leading to the emergence of microelectromechanical systems (MEMS) and 3D chip packaging.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?