Semiconductor Capital Equipment Market Regional Analysis:
APAC Market Insights
Semiconductor capital equipment market is projected to hold 34% of the revenue share by 2035. The demand for chip production equipment in the region can be increased by the growing domestic market for semiconductors and other devices. Manufacturers are gaining an opportunity to increase their production capacity in view of increasing demand for smartphones in region. The adoption rate of mobile phones in the Asia Pacific region reached 76 per cent by 2022, which represented a slight increase from 64 per cent in 2019. In Asia, more than 90 per cent of smartphones are expected to be adopted by 2030. The companies will also be able to develop themselves as leading players in the electronics sector, due to a growing national market. This can provide a favorable feedback loop that leads to additional demand for semiconductor capital equipment in region, thereby leading to increased investment in this industry and domestic market growth.
North American Market Insights
The semiconductor capital equipment market in North America is predicted to hold second largest share of about 28% by the end of 2035. The demand for capital equipment in the field of semiconductors is being driven by the deployment of 5G technology. A large number of semiconductors like microchips and transistors are required for the 5G technology to work. This has led to a significant increase in investment in the production of these components. New opportunities for development in advanced technology like autonomous cars, VR (Virtual Reality) and the Internet of Things have opened up due to 5G's increased adoption which means even more semiconductors and capital equipment is needed.
