Tech Advancements are Powering the Semiconductor Chemical Vapor Deposition Equipment Market
The total size of the semiconductor chemical vapor deposition equipment market was USD 15.9 billion in 2023. This number will reach USD 23.6 billion by 2030, progressing at a rate of 5.8% by the end of this decade.
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The surge in requirement for semiconductor and microelectronic devices, tech progressions in the semiconductor sector, and the increase in the use of semiconductor materials in AI programs for example autonomous vehicles, IoT, and AI-driven electronics contribute to the growth of the industry.
Furthermore, strict regulations with regards to the use of hexavalent chromium for electroplating are also powering the industry.
The memory manufacturer category will grow the fastest in the future, at a rate of more than 6%. The growing data consumption at the global level is responsible for the increased requirement for memory products.
This brings about the expansion of the memory business, and also due to the growing requirement for these products from the data center and consumer electronics sectors. Consequently, these factors account for the industry development in this category.
While, integrated device manufacturers dominated semiconductor chemical vapor deposition equipment market with a share, of more than 50%, in 2023, and this trend will continue in the future as well, powering at a considerable rate. This is because of the growing use of thin-film deposition in the semiconductor sector to produce ICs or microchips. Also, the mounting sales of consumer electronic and microelectronic products will power the industry.
The semiconductor sector is growing at a high pace, directly leading to the development of the industry. The growth of the industry can be credited to the increasing consumption of electronic devices globally; the growing requirement for automotive electronics for collision detection systems, navigation control and infotainment systems; and the growing requirement for wireless communication systems, industrial electronics, and data storage devices. Semiconductors are widely used in all these systems.
Furthermore, semiconductors are put to use in wearables and web-integrated medical and healthcare devices, which also powers the growth of the industry.
China was the leading country in terms of revenue in the APAC region, and the world in 2021 and this domination will continue in the years to come as well. This has a lot to do with the fact that the nation is one of the key producers of semiconductor-based chips at a global level, widely used in mobiles, storage devices, laptops, and other electronic products.
