- Semiconductor CVD equipment market, as per a recent report, was valued at $8370 million in 2018
- Asia-Pacific, as per the report, is a potential region with various manufacturing facilities
The semiconductor chemical vapor deposition (CVD) equipment market is projected to reach $8960 million by 2025, at a CAGR of 0.9 per cent during the forecast period. Asia-Pacific region, as per this Market Insights Report, is is expected to occupy the largest market share in the semiconductor CVD equipment market.
“Rise in industrialisation and an increase in the number of end-user industries and companies in developing economies, such as China and India, offered numerous untapped opportunities,” read the report.
Chemical vapor deposition (CVD) is a vacuum deposition method. It is used to produce solid materials that showcase high quality and precision. The process used by the semiconductor industry to produce thin films.
China showed the highest growth in 2018
China, during 2018, showed the highest growth rate of 20.5 per cent among all countries in the global sales of semiconductor equipment and devices. The report mentions that the growth of the market, in the region, is due to the progression of electronics and semiconductor industries, mainly in China.
The Asia-Pacific region, including India and China, is expected to witness the highest growth rate, over the forecast period, due to the presence of emerging economies and development in electronics industries. Evolving countries in the region are important consumers and producers of chemical vapor deposition.
“Asia-Pacific is a potential region with various manufacturing facilities for the development of consumer electronics and semiconductor-related products. The particular region is expected to occupy the largest market share in the semiconductor CVD equipment market,” read the report.
It continued, “Major players have adopted various organic as well as inorganic growth strategies such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.”