Semiconductor Manufacturing Equipment Market to Hit $90 Bn by 2027

- Advertisement -

Rising need for memory ICs, such as MRAM, DRAM, and SRAM, in gaming and entertainment applications is likely to boost the industry growth

The semiconductor manufacturing equipment market is expected to surpass USD 90 billion by 2027, as reported in a research study by Global Market Insights Inc. Rising need for memory ICs, such as MRAM, DRAM, and SRAM, in gaming and entertainment applications is likely to boost the industry growth. The expanding gaming industry will add new growth opportunities for memory IC manufacturers.

The polishing & grinding equipment segment held a market share of over three per cent in 2020 and is projected to grow at five per cent CAGR through 2027. Growth is attributed to the increasing demand for polishing & grinding processes in the manufacturing of MEMS sensors, chipsets, integrated circuits, optics, and compound semiconductors.

- Advertisement -

“The increasing demand for miniaturized integrated circuits in electronics necessitates regular polishing & grinding to reduce subsurface damage and maintain wafer flexibility, fueling the adoption of semiconductor manufacturing equipment in the market,” read the report.

The Europe semiconductor manufacturing equipment market is anticipated to register 4.5 per cent CAGR till 2027 propelled by rising government initiatives and investments to boost semiconductor-based projects in the region.

For instance, in March 2021, the EU announced its plan to boost chip production capacity by 20 per cent by 2030. The European Union also stated that it will invest USD 160 billion in technology development including semiconductor manufacturing and supply chain infrastructure. Furthermore, the collaboration of European chipmakers with diverse industry experts will help them to further develop the fabrication process.

- Advertisement -

Most Popular Articles

Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Breathing Through “First-Time Silicon Success”

0
No one is born a leader, but the choices we make in life propel us to become a leader. For Chitra Hariharan, an innocent...

Worldwide Chip Sales Increased By 1.1% In April, Marking First 2024 Growth

0
A new forecast predicts robust annual growth, and the semiconductor market shows strong momentum, especially in the Americas and China. The Semiconductor Industry Association (SIA)...

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...

Buzz

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Important Sectors

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Sundram Fasteners Wins ₹4,000 Crore In EV Orders, Eyes Expansion

0
Plans to increase the revenue share from non-automotive segments in the upcoming years. Sundram Fasteners Ltd, a prominent manufacturer of auto parts, is seeing substantial...

MHI Proposes ₹12,600-30,000 Crore For EV Adoption

0
MHI has put forth a significant proposal ranging from ₹12,600 to 30,000 crore under the FAME-III scheme, to accelerate the adoption of Electric Vehicles...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...