The Europe Semiconductor Production Equipment Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
As observed in many industries, the pandemic further proliferated the adoption of recent technologies like IoT, AI, and Big Data. For example, the IT infrastructure required to sustain communication networks between classmates and coworkers outside of a traditional school and office context was supported by these technologies. Companies that could operate remotely immediately shifted their resources to electronic technology in response to the pandemic. Therefore, chip-enabled communication networks gave businesses and schools a lifeline to continue with remote work and education for many.
The market for semiconductor production equipment is anticipated to develop due to the rising demand for power semiconductors, discrete devices, and high-power modules from various end users. In addition, consumers tend to combine semiconductors onto a single chip due to consumers' growing preference for small-sized goods. Production equipment is also used in this scenario to combine semiconductor parts into a single chip. Furthermore, the usage of semiconductor devices in data center applications is increasing market growth through artificial intelligence (AI).
The EU Commission believes that Europe lags behind the rest of the world in chip production. Therefore, if the EU succeeds in constructing these Open EU foundries and Integrated Production Facilities, the Commission's goal of boosting European chip production to 20% by 2030 would become a lot more feasible. The strategy also aims to improve the supply chain within the European Union. The EU Commission wishes to stimulate Member States and sector stakeholders to coordinate their efforts to enhance the European semiconductor supply chain. Therefore, the significant efforts that the Commission is making have proliferated the growth of the regional semiconductor production industries, which substantially aids in the expansion of the semiconductor production equipment market.
The Germany market dominated the Europe Semiconductor Production Equipment Market by Country 2021, achieving a market value of $9,220 million by 2028. The UK market would witness a CAGR of 8.1% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 9.8% during (2022 - 2028).
Based on Dimension, the market is segmented into 3-Dimension, 2.5-Dimension and 2-Dimension. Based on Supply Chain Process, the market is segmented into IDM, OSAT and Others. Based on Product Type, the market is segmented into Front-end Equipment and Back-end Equipment. Based on Function, the market is segmented into Integrated Circuits and OSD. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Semiconductor Production Equipment Market will Hit $153.8 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alsil Material, ASML Holdings N.V., SCREEN Holdings Co., Ltd., Teradyne, Inc., Applied Materials, Inc., Veeco Instruments, Inc., KLA Corporation, Nikon Corporation, Carl Zeiss AG, and Lam Research Corporation.
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