The Latin America, Middle East and Africa Semiconductor Production Equipment Market would witness market growth of 12.0% CAGR during the forecast period (2022-2028).
Elements like germanium and silicon are used to create semiconductors, which are also known as integrated circuits or microchips. Sometimes, doping (addition of other substances) is also performed on semiconductors to induce variation in the electricity's ability to flow. Electronic gadgets, a vital aspect of modern lives, require semiconductors. Without semiconductors, devices like phones, radios, computers, video games, TVs, and medical diagnostic devices would be impossible to produce.
The two main aspects of the production of semiconductors are production equipment and a clean room. Production of semiconductors is carried out in highly specialized production facilities, commonly known as foundries or fabs, of which a clean room is a central part. Fabrication times for more complex semiconductor devices, like 14/10/7 nm nodes, can reach 15 weeks, with an average of 11 to 13 weeks. To increase yield (the percentage of microchips that function correctly in a wafer), manufacturing in advanced fabrication centers is entirely automated and conducted in a tightly sealed nitrogen environment.
In this region, semiconductor demand is widespread throughout the telecommunications sector. Saudi Arabia's communications sector is well-established. Saudi Arabia has the biggest telecom sector in the Middle East, as stated by the International Trade Administration (ITA). Additionally, in 2019 this country's telecom sector held 55% of the Middle East's overall market share. As a result, the use of semiconductors is growing throughout the industry to introduce additional innovations and improvements.
The region's consumer electronics industry is also growing due to the increased use of semiconductors. Additionally, as technology acceptance in this region increases, different businesses incorporate innovations and technologies into products. These characteristics consequently increase the demand for semiconductors.
The Brazil market dominated the LAMEA Semiconductor Production Equipment Market by Country 2021, achieving a market value of $2,216.3 million by 2028. The Argentina market is anticipated to at a CAGR of 12.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Semiconductor Production Equipment Market is Predict to reach $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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