Semiconductor Etch Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Semiconductor Etch Equipment Market is expected to grow by registering a CAGR of 4.42% during the forecast period (2022 - 2027). As memory manufacturers and foundries are increasingly investing in newer and innovative equipment, owing to the increasing chip design cost, the use of new materials, the decreasing linewidths on a chip, and the necessity for integrated and manufacturing processes, the market is witnessing an upward trend.
Key HighlightsThe Semiconductor Etch Equipment Market is competitive owing to the presence of several established players. The brand identity associated with the companies has a major influence in this market. Strong brands are synonymous with good performance, so long-standing players are expected to have the upper hand. As the barrier for the new entrants is high in the market due to the high capital incorporated, major players are adopting mergers and acquisition strategies to gain more market share. Some major players operating in the market include Applied Materials Inc., Hitachi High Technologies America, Inc., Lam Research Corporation, and Tokyo Electron Limited.
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