Semiconductor Equipment Market to Grow at CAGR of 7% from 2018-2026

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• The market is expected to witness a CAGR of 7.2% during the forecast period (2018–2026), owing to increasing development in semiconductor technologies and adoption of semiconductor equipment in various sectors.
• An increasing digitization, product innovations in semiconductor equipment with aggressive research and development are some major factors driving growth of the semiconductor equipment market. Moreover, constant changes in technology, high costs and maintenance of the equipment and complexity of pattern and functional defects in manufacturing process in different regions are restraint the market growth.
• Some of the major players operating in the global semiconductor equipment market include Applied Materials, ASML, Canon, Tokyo Electron, Lam Research, KLA-Tencor, Dainippon Screen and others.

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