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JANUARY 2020        TAP TIMES          -9-

           Chip manufacturing tools may

           be a $103.5B market by 2025

        NORTHBROOK, Il.—The semiconduc-
        tor manufacturing equipment market
        is projected to grow from $66.1 billion
        in 2020 to $103.5 billion by 2025. This
        growth will represent a CAGR of 9.4%
        from 2020 to 2025.

        This data is from the research report
        Semiconductor Manufacturing Equipment
        Market - Global Forecast to 2025 from
        Markets and Markets.

        Growing consumer market
        Key factors fueling the growth of this mar-
        ket are the growing consumer electron-
        ics market, an increase in the number of
        foundries, and the trend of miniaturization
        and technology migration.

        In 2019, IDM fi rms captured the largest
        share of the semiconductor manufacturing
        equipment market. Most of the IDM play-
        ers such as Samsung (South Korea); Tex-
        as Instruments (U.S.); Sony (Japan) and
        STMicroelectronics (Switzerland) are tier 1
        companies and have a signifi cant presence
        across the world, with a vast customer

        Investing heavily
        These companies are investing heavily in
        their R&D activities to develop technologi-
        cally advanced, energy-effi  cient, and min-
        iaturized products, such as RFID circuits,
        smart ICs, ultra-low-power microcon-
        trollers, sensors for consumer electronics,
        automotive and industrial applications.

        IDMs use semiconductor manufacturing
        equipment for fabrication, testing, assem-
        bly, and another processes.
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