Albany, NY -- (SBWIRE) -- 05/11/2017 -- Global Semiconductor Production Equipment Market: Overview

The global market for semiconductor production equipment is anticipated to witness a promising growth throughout the forecast period. The increasing popularity of electric and hybrid vehicles and the rising number of foundries are some of the key factors that are anticipated to supplement the growth of the global semiconductor production equipment market in the near future. With these factors, the global market is projected to register a strong growth rate throughout the forecast period.

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The research report on the global semiconductor production equipment market presents insights into the growth prospects of the market. The drivers, current trends, barriers, opportunities, and the challenges in the global market have been addressed in the scope of the report in order to provide a clear understanding for readers and market players. In addition, the segmentation of the global semiconductor production equipment market on the basis of product, application, and geography has been included in the study.

Global Semiconductor Production Equipment Market: Drivers and Restraints

The rising demand for semiconductors from a wide range of industries across the globe is one of the major factors projected to fuel the growth of the global semiconductor equipment market in the coming years. The growing focus on providing enhanced services and products to consumers is estimated to accelerate the growth of the market in the near future. In addition, a substantial rise in the use of smartphones and tablets is likely to contribute extensively towards the market's growth in the near future.

On the flip side, the limited number of customers and the increasing dependency on a few leading suppliers are projected to curtail the growth of the global semiconductor production equipment market in the next few years. Moreover, the requirement for high initial investments is expected to act as a key challenge for the leading players operating in the market. Nonetheless, the rising competition level and the increase in wafer size are predicted to offer several growth prospects in the near future.

Global Semiconductor Production Equipment Market: Region-wise Outlook

Among the regional segments, North America held a massive share of the global semiconductor production equipment market in the last few years. As per the study, this region is likely to remain in the topmost position in the coming years, thanks to the rising contribution from the U.S. In addition, the increasing focus on research and development activities is predicted to encourage the growth of the North America market in the forecast period.

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Furthermore, the semiconductor production equipment market in Asia Pacific is expected to remain in the second position in the near future in terms of revenues and market share. The robust development of the manufacturing sector in Japan and China are anticipated to accelerate the growth of the Asia Pacific market in the forecast period. Moreover, the rising demand for semiconductor production equipment from diverse industries is likely to offer promising growth opportunities for the leading players in the market.

Key Players Mentioned in the Research Report are:

Some of the prominent players operating in the semiconductor production equipment market across the globe are Hitachi, Ltd., ASML Holding, KLA-Tencor Corporation, Lam Research Corporation, Nikon Corporation, Teradyne, Advantest Corporation, Tokyo Seimitsu Co., Ltd., SCREEN Holdings Co., Ltd., N.V., Applied Materials, Inc., and Tokyo Electron Ltd. A significant rise in the number of players expected to enter the global market is projected to strengthen the overall growth throughout the forecast period.