The significant growth in the semiconductor industry has been a key factor for propelling the CVD equipment market in recent years. Artificial Intelligence and the Internet of things (IoT) have led to an increased demand for the memory market. The high demand from memory, logic and foundry industry has led to significant investments by key players for semiconductor equipment. The CVD equipment market research study offers a wide perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast, and the predictive models.
CVD Equipment market is majorly driven by the growth in the semiconductor industry and fabrication plants for the same. The market is expected to witness decent growth during the forecast period. Key factors propelling the growth of the CVD Equipment market include growth in the semiconductor industry driven by artificial intelligence and the IoT and increased investments for semiconductor equipment in recent years. Furthermore, the factors restraining the growth of the market include harmful properties of gases used in CVD equipment and other substitute technologies. Additionally, the growing market for autonomous vehicles is expected to be a key opportunity for the semiconductor industry.
The technological developments and advancements are driven heavily by the semiconductor industry. According to the World Semiconductor Trade Statistics (WSTS), the global semiconductor industry has showcased a growth of 21.6%, with market size of $419.00 billion in 2017. This significant market growth is a result of the rising demand for semiconductor materials in AI programs, such as autonomous vehicles, IoT, and AI-driven electronics. The demand for the semiconductor industry is expected to propel by the extensive use of the semiconductors in electronic devices such as smartphones, flat-screen monitors & LED TVs, civil aerospace, and military systems in the coming era. The industry is set to grow with a surge of needs such as long battery life, AI capabilities, and biometrics.
The market for foundry is expected to grow at 8.10% between 2018 and 2023. The growth in the foundry is mainly attributed to the rising demand from power electronics, high-performance computing, and cryptocurrency, among others. Furthermore, an increase in the need for faster and efficient electronic components that consume less power for applications in the Internet of Things (IoT) is expected to drive the market for foundry during the forecast period (2018-2023).
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In 2017, the Pure-play foundry market was valued at $55.09 billion. During the forecast period (20182023), the market is expected to grow and reach $92.39 billion by 2023, at a CAGR of 8.69%. Growing demand for IoT due to its benefits such as increased business opportunities, improved safety and security, and enhanced asset utilization with a view to enhancing everyday life is driving the market for Pure-play foundry. Furthermore, an increase in demand for electronic devices such as cameras, sensors, and image processors in automotive vehicles to increase the assistance level provided to the driver while driving is expected to drive the market for Pure-play foundry during the forecast period.
The CVD equipment market is not expected to play out the same way for every region, so this report segments the market accordingly and breaks down the industry geographically as follows: North America (the U.S and Canada), Europe (Germany, the Netherlands, Ireland, and Rest-of-Europe), AsiaPacific (China, Japan, Taiwan, South Korea, and Rest-of-APAC), Rest-of-the-World (Latin America, and the Middle East & Africa). Each of these geographical region analysis details the individual push and pulls forces in addition to the key players from that particular region.