LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global thin film semiconductor deposition market is expected to grow at a CAGR exceeding 14% during the forecast period.
This research report titled ‘Global Thin Film Semiconductor Deposition Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global thin film semiconductor deposition market into three technology segments. They are:
Global thin film semiconductor deposition market by CVD technology
In 2015, the CVD equipment market dominated the global thin film semiconductor deposition market with a 50.76% share in terms of revenue. Technavio expects this segment to have the largest market share throughout the forecast period. The market is expected to grow at a CAGR of 15.04% to reach USD 7.52 billion in 2020 due to rising demand for semiconductor devices used in electronic products such as consumer electronics, industrial equipment, automotive, and healthcare equipment.
According to Asif Gani, a lead analyst at Technavio for semiconductor equipment, “Technological traction in the semiconductor industry has driven the CVD equipment market. CVD has multiple uses, such as surface coating for anti-corrosives, electrical shielding, optical reflection, and thermal insulation in the machinery and microelectronics industries. The demand for photovoltaic cells is also expected to drive the CVD market over the next five years.”
Global thin film semiconductor deposition market by PVD technology
The PVD deposition equipment market reached USD 2.01 billion in 2015 and is expected to generate USD 3.55 billion by 2020. The market will grow due to the expanding LED and memory markets. The LED market is likely to expand extensively in the emerging markets of China, Thailand, Russia, and India, as these countries are creating awareness of energy conservation by introducing energy-efficient bulbs and other electrical and electronic systems. This will have a positive impact on the PVD equipment market. Wafer fab capacity is being expanded in China, South Korea, and Japan due to growth in the 3D NAND and DRAM markets. “Some of the application areas of PVD include cutting tools, the storage industry, and microelectronics, where products are coated with thin metallic layers in order to increase their life spans. This increases the demand for PVD equipment,” says Asif.
Global thin film semiconductor deposition market by other technology
The other segment includes atomic layer deposition (ALD), epitaxy, and ECD. This market is expected to grow at a CAGR of 14.19% during the forecast period to reach USD 3.13 billion by 2020. The growth rate will be steady until 2018, after which there is the possibility of a dip in the growth curve.
ALD is expected to be the fastest growing market in this segment. In January 2016, II-VI Incorporated, an engineered materials and optoelectronic component company, announced it would acquire EpiWorks, a semiconductor wafer foundry, for USD 43 billion and Anadigics, a radio frequency component maker, for USD 61 billion. These companies have expertise in epitaxy and the merger will to create a strong market for epitaxy.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Applied Materials
- Hitachi Kokusai Electric
- Lam Research
- Tokyo Electron
Browse Related Reports:
- Global Semiconductor CVD Equipment Market 2016-2020
- Global Semiconductor Silicon Wafer Market 2015-2019
- Global Thick Film Devices Market 2015-2019
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
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