The global semiconductor production equipment market has been foreseen in a market research publication by Transparency Market Research (TMR) to bear a fairly consolidated nature of its competitive landscape. This could be because of the more than 66.0% share jointly held by top five companies operating in the market.
According to a new study of the research firm, there could be a high competitive rivalry gaining a strong footing in the market. A range of diverse business strategies has been anticipated to take shape in the market as players look to keep ahead of their competitors.
The TMR publication has prognosticated the global semiconductor production equipment market to rise at a CAGR of 7.6% during the forecast tenure 2017-2025 to reach a valuation of US$79.51 bn by 2025 end. In 2016, a valuation of US$41.24 bn had been touched by the market.
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By end-user segmentation, the market had witnessed the dominance of semiconductor electronics manufacturer which accounted for a slightly less than 55.0% share in 2016. North America, in terms of regional segmentation, could lead the market as it had exhibited supremacy over other regions with a 43.5% share obtained in 2016.
semiconductor production equipment marketEnd-use Industries Massively Upgrading Technology Give Market Shot in the Arm
One of the primary growth driving factors of the world semiconductor production equipment market has been foreseen to be the rising production of various electronics witnessed on a global scale. The growth trajectory of the market could be improved as the IT industry continues to embrace a swelling demand in the near future.
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The faster growth in the usage of semiconductor materials in the consumer electronics industry could bode well for the world semiconductor production equipment market. In the next few years, the market has been prophesied to gain momentum in its growth with the soaring demand for internet of things (IoT) and wearable fitness devices. The market could make some accelerated gains in the coming years with the surging demand for semiconductor fabrication.
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Exorbitant Cost of Setting up Sophisticated Semiconductor Facilities Decelerates Growth
On the flipside of growth, the international semiconductor production equipment market could face challenges due to high setup cost. It could be difficult for new players to venture into the market because of the considerable rise in the cost of constructing an advanced semiconductor facility. Besides this, other manufacturers have been projected to feel additional pressure owing to the paradigm shift toward Asia Pacific.
However, market players have been expected to address most of these concerns quite easily with the adoption of latest innovations in the semiconductor production equipment industry. There could be opportunities birthing on the back of favorable government policies and regulations.
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