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Technavio Reveals Key Highlights From Their New Global Semiconductor Photolithography Equipment Market 2016-2020 ReportTechnavio's latest semiconductor industry report covers the present scenario and growth prospects for the global semiconductor photolithography equipment market during the period 2016-2020. In this report, Technavio research experts announce their key market highlights for the global semiconductor photolithography equipment market. Their findings include: Global semiconductor photolithography equipment market to reach USD 6.5 billion by 2020 The global semiconductor photolithography equipment market was valued at USD 4.23 billion in 2015 and is expected to grow to USD 6.5 billion by 2020, growing at a CAGR of 9% during the forecast period. "Technological advancements in semiconductor wafer specifications due to miniaturization of electronic devices, such as smartphones and tablets, and the increase in demand for semiconductor devices, especially ICs used in computers, storage, and memory devices, have been driving the growth of the semiconductor photolithography equipment market. The increasing demand for high-definition, mid- and small-size LED panels, used in manufacturing of advanced TVs such as ultra-high definition (UHD) TVs, is also leading to the growing adoption of photolithography equipment for manufacturing semiconductor ICs," said Asif Gani, a lead research analyst for semiconductor equipment at Technavio. Technavio estimates that due to an oversupply of semiconductor ICs in 2016, the capital spending by semiconductor device manufacturers will decrease in 2015 and 2016, which will reduce the overall demand for lithography systems including photolithography equipment. However, the market will bounce back from 2016 onward. It is the cyclical nature of semiconductor industry that will aid the market to recover after 2016. Request sample report: http://goo.gl/Oa85JY Asia-Pacific (APAC) will continue to dominate the market APAC's market share will continue to grow during the forecast period, accounting for 72.14% of the total global semiconductor photolithography market shipments by 2020. The market in the Americas is expected to grow moderately and maintain its market share in the global space by 2020, while market in EMEA is growing at a comparatively lower rate due to the presence of low number of semiconductor device manufacturers in this region. EMEA's share is expected to decline to 5.49% by 2020. "In APAC, South Korea, Taiwan, and Japan are the key contributing countries. The presence of a majority of prominent semiconductor foundries, such as TSMC (Taiwan Semiconductor (News - Alert) Manufacturing Co.), United Microelectronics, and Semiconductor Manufacturing International, is propelling the demand for photolithography equipment in the region. The presence of dominant players in the consumer electronics and mobile devices market, such as Samsung, Sony, LG, Toshiba (News - Alert), and Panasonic, in the region is supporting the demand for semiconductor devices in the area," said Asif. Growing number of fabless semiconductor companies emerging as key trend Semiconductor companies are gradually becoming fabless to minimize costs and other overheads in operations and maintenance of foundries. Semiconductor companies are preferring to focus more on the design and development of their solutions, outsourcing their fabrication and other foundry-related activities to companies that concentrate on manufacturing, assembly, and testing of semiconductor ICs. As a result, the ratio of foundries and fabless companies is 1:11 in the global semiconductor market. The growing number of fabless semiconductor companies leads to an increase in net aggregate demand for semiconductor ICs, which will fuel demand for photolithography systems. Key vendors listed in the report: Browse related reports:
Purchase three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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