Share this article
Share this article
NEW YORK, March 10, 2021 /PRNewswire/ The global semiconductor market size is expected to grow by USD 90.80 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period.
The use of semiconductor packaging technology is one of the major factors propelling the market growth. However, the cyclical nature of the semiconductor industry might challenge growth.
Semiconductor Market by Product and Geography - Forecast and Analysis 2020-2024
More details:
Global Semiconductor Market: Product
Based on the product, the market saw maximum growth in the IC segment in 2019. The segment is driven by the rising demand for memory technology in various applications across aerospace and defense, automotive, consumer electronics, industrial, medical, and telecommunications industries. The market growth in this segment will be significant over the forecast period.
$ 90 8 Billion Growth in Global Semiconductor Market 2020-2024 | Hey Highlights on Major Segments and Forecasts for New Normal prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
ResearchAndMarkets.com s offering.
The global market for E-Beam Wafer Inspection System is projected to reach US$1.2 billion by 2025, driven by the growing demands placed on semiconductor companies to optimize yield management.
The focus on metrology and high performance quality control is therefore increasing. Rapid digitalization and evolution of Internet of Things (IoT), Artificial Intelligence (AI), and machine learning technologies are driving the need for faster, smaller, low power devices, bringing in new challenges for semiconductor manufacturers.
While wafer size is increasing from 200 mm to 300nm, critical dimensions of semiconductor circuits (patterns) is rapidly shrinking to 0.13 um and 0.10 um. As critical dimensions shrink, identifying defects becomes more difficult and time-consuming. However, in order to ensure profitability and production efficiency, yield limiting defects need to be identified early on in the manufacturing
Insights on the Global Semiconductor Wafer Polishing and Grinding Equipment Market | 82% Growth to Originate From APAC During 2020-2024 | Technavio businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
Semiconductor Wafer Polishing And Grinding Equipment Market: End-user Landscape
Based on the end-user, the foundries segment led the market in 2019. The growth of the segment can be attributed to the increasing demand for devices such as memory, logic, discrete, analog, sensor, and opto devices. The market growth for the segment will be significant over the forecast period.
Semiconductor Wafer Polishing And Grinding Equipment Market: Geographic Landscape
By geography, APAC is going to witness lucrative growth during the forecast period. About 82% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the proliferation of semiconductor fabs in the region.