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Semiconductor Capital Equipment Market to Grow by USD 14.53 Billion (2024-2028) as Semiconductor Fabs Increase, with AI Powering Market Evolution- Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Semiconductor Capital Equipment Market  size is estimated to grow by USD 14.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.5%  during the forecast period. Rising number of semiconductors fabs is driving market growth, with a trend towards advances in wafer size. However, shortage of skilled and trained personnel  poses a challenge – Key market players include Advanced Micro Fabrication Equipment Inc, Advantest Corp., Applied Materials Inc., ASM International NV, ASML, Hitachi Ltd., II VI Inc., KLA Corp., Kulicke and Soffa Industries Inc., Lam Research Corp., Nikon Corp., Onto Innovation Inc., Planar Systems Inc., Screen Holdings Co. Ltd, Teradyne Inc., Tokyo Electron Ltd., Tokyo Seimitsu Co. Ltd., Veeco Instruments Inc., Vicky Electrical Contractors India Pvt. Ltd., and Voltabox AG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Type (Wafer-level manufacturing equipment, Packaging and assembly equipment, and Automated test equipment) and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Fabrication Equipment Inc, Advantest Corp., Applied Materials Inc., ASM International NV, ASML, Hitachi Ltd., II VI Inc., KLA Corp., Kulicke and Soffa Industries Inc., Lam Research Corp., Nikon Corp., Onto Innovation Inc., Planar Systems Inc., Screen Holdings Co. Ltd, Teradyne Inc., Tokyo Electron Ltd., Tokyo Seimitsu Co. Ltd., Veeco Instruments Inc., Vicky Electrical Contractors India Pvt. Ltd., and Voltabox AG

Key Market Trends Fueling Growth

The semiconductor industry has experienced significant shifts in wafer sizes over the past five decades, with the adoption of larger diameter wafers leading to cost savings of around 20%-25%. Currently, 300-mm wafers are widely used for manufacturing Integrated Circuits (ICs). This trend is anticipated to persist during the forecast period, with companies investing heavily in the construction and upgrading of 300-mm fabrication plants. For instance, SK Hynix is building an M14 fab for 300-mm technology in South Korea. However, there will still be demand for 200-mm wafers during the forecast period. Semiconductor component manufacturers are also planning to develop 450-mm wafer technology, with pilot production expected to begin during 2019-2020. These changes in wafer sizes will necessitate the need for advanced assembly and packaging equipment in the semiconductor industry. 

The semiconductor capital equipment market is experiencing significant trends driven by cloud computing, digital data, and the increasing use of artificial intelligence and machine learning technologies. Integrated device manufacturers require advanced equipment for semiconductor chips production, including panel displays and photolithography systems like EUV lithography and wafer steppers. The global semiconductor crisis necessitates investments in advanced packaging solutions such as system-level packaging and heterogeneous integration. The technological landscape is shifting towards energy efficiency, with next-generation process nodes like FinFET, 3D NAND, GaN, and SiC gaining popularity. The automotive sector’s electrification and autonomous driving trends fuel demand for semiconductor manufacturing equipment. A skilled workforce, equipment maintenance, and software solutions for process control and multi-step inspection are essential for maintaining efficiency and productivity. Equipment suppliers must adapt to meet these demands, offering retrofits and advanced lithography systems like photolithography and testing equipment. 

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Market Challenges

The semiconductor manufacturing sector is experiencing a significant challenge due to the retirement of baby boomers and the resulting skills gap. This issue is exacerbated by the declining focus on technical education and the growing preference of the younger generation for service industry careers. Consequently, there is a shortage of skilled personnel capable of manufacturing and operating complex machines. This lack of expertise has a ripple effect on the semiconductor market, particularly impacting sales of capital equipment such as assembly and wafer-level assembly equipment. The industry must address this issue through targeted education and training programs to ensure a steady supply of qualified workers and maintain the competitiveness of the semiconductor market.The semiconductor capital equipment market faces several challenges in various industries. In consumer electronics, keeping up with trends like smart wearables and industrial screens requires advanced processing technologies such as etching, ion implantation, wafer back grinding, and chemical evaporation. Manufacturing processes for semiconductor components in industries like medical and healthcare, IT, telecommunication, and electronics demand polishing, AI-machine learning, robotics arms, assembly equipment, and automated test equipment. Wafer processing, surface conditioning, chemical mechanical planarization, and chemical vapor deposition are essential for memory manufacturers and foundries. Small businesses and startups in the semiconductor sector also require affordable solutions for high-performance computing, data storage solutions, sensor market, and 5G technology. Transistors, microchips, and copper are key components in all these applications.

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Segment Overview 

This semiconductor capital equipment market report extensively covers market segmentation by

Type 1.1 Wafer-level manufacturing equipment1.2 Packaging and assembly equipment1.3 Automated test equipmentGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Wafer-level manufacturing equipment-  The semiconductor capital equipment market refers to the industry that manufactures and sells machinery, tools, and systems used in the production of semiconductors. This market is significant due to the continuous advancements in technology and the increasing demand for electronic devices. Companies in this market provide equipment for various processes such as wafer fabrication, testing, and packaging. Key players include Applied Materials, Lam Research, and Tokyo Electron. These companies invest heavily in research and development to offer innovative solutions and maintain their competitive edge. The market is expected to grow steadily due to the rising demand for semiconductors in various industries including automotive, consumer electronics, and telecommunications.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data ( – ) 

Research Analysis

The semiconductor capital equipment market is experiencing significant growth due to the increasing demand for advanced electronic devices, particularly smartphones, and the adoption of technological changes such as wireless technology and 5G services. The market is also driven by the need for low-cost semiconductors to support the mass production of consumer electronics. The semiconductor industry is undergoing a major shift towards 5G adoption, which is leading to an increase in wafer fabrication capacity and the expansion of foundries and memory manufacturers. The integration of augmented reality, mission-critical services, fixed wireless access, and the Internet of Things is also driving the demand for semiconductor production. Additionally, cloud computing, digital data, artificial intelligence, and integrated device manufacturers are fueling the growth of the semiconductor market. The sensor market, panel displays, semiconductor chips, and system-level packaging are also key areas of focus for semiconductor capital equipment manufacturers.

Market Research Overview

The semiconductor capital equipment market is experiencing significant growth due to the increasing demand for advanced electronic devices, including smartphones and consumer electronics, as well as the adoption of 5G services and technologies like wireless technology, augmented reality, and IoT. Technological changes in industries such as IT, telecommunication, medical, and automotive are driving the need for semiconductor components with advanced processing capabilities. Semiconductor manufacturing involves various processes like etching, ion implantation, wafer back grinding, chemical evaporation, polishing, and surface conditioning, which require specialized capital equipment. The integration of AI-machine learning, robotics arms, assembly equipment, and automated test equipment is essential for high-performance computing, data storage solutions, and sensor market applications. The semiconductor industry is undergoing a global crisis due to the shortage of microchips, transistors, and other semiconductor components. Foundries and memory manufacturers are investing in semiconductor production, and technology providers are developing advanced packaging solutions like heterogeneous integration, system-level packaging, and FinFET to address the crisis. The technological landscape is evolving rapidly, with the emergence of mission-critical services, fixed wireless access, and industrial verticals like manufacturing processes, smart wearables, industrial screens, and data centers. Small businesses and startups are also entering the semiconductor market with innovative solutions, fueling competition and innovation. The semiconductor industry is essential for various applications, including digital data, artificial intelligence, machine learning technologies, high-performance computing, and cloud computing. The semiconductor crisis and technological advancements are creating opportunities for capital equipment manufacturers to invest in advanced processing, copper, and other semiconductor manufacturing equipment. The automotive sector is also undergoing a digital transformation, with electrification, autonomous driving trends, and the integration of advanced technologies like AI and machine learning. These trends are driving the demand for semiconductor components and capital equipment in the automotive industry. In summary, the semiconductor capital equipment market is experiencing significant growth due to the increasing demand for advanced electronic devices, the adoption of 5G technology, and the digital transformation of various industries. Capital equipment manufacturers are investing in advanced processing, copper, and other semiconductor manufacturing equipment to meet the growing demand and address the global semiconductor crisis.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeWafer-level Manufacturing EquipmentPackaging And Assembly EquipmentAutomated Test EquipmentGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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The DiMe Seal: A New Evaluation Platform for Digital Health Software Products

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The new platform launches with over 150 active users, setting the industry baseline for quality and trust

BOSTON, Oct. 16, 2024 /PRNewswire/ — The Digital Medicine Society (DiMe) is launching the DiMe Seal, a new platform to evaluate digital health software products in today’s rapidly evolving market. The DiMe Seal is a symbol of quality and trust granted to digital health software products that demonstrate performance against a comprehensive framework of standards and best practices in privacy and security, usability, and evidence with equity woven throughout.

The DiMe Seal, a new platform to evaluate digital health software products.

“The explosion of clinically digital health solutions is exciting but executing an effective GTM often determines which will break out. Buyers are confronted with a robust set of options and often struggle to sift through which solutions meet their purchasing criteria,” says Annie Collins, Investment Partner, Bio + Health, a16z. “The DiMe Seal will give digital health innovators a shared language with their customers that helps buyers easily validate their products’ security, usability, and clinical ROI.”

Digital health software products have become essential tools in modern healthcare. Today there are over 400,000 health apps available directly to consumers, with over 30,000 more targeted at providers, health systems, and other enterprise audiences. These products have the potential to dramatically improve lives and our healthcare system, but it’s currently difficult to distinguish between which products can help and which can harm.

“We know patients and families rely on technology not only to navigate the complexities of the healthcare system but to reduce administrative burden, improve their quality of life, and to help focus on their treatments and care. However, without proper quality standards and oversight, these tools can just as easily cause harm as they can help,” said Grace Cordovano, PhD, BCPA, Patient-In-Residence, DiMe. “There are resources available in the public domain to help guide informed decision-making about things like cars, colleges, and home renovations. When it comes to navigating digital health products, there’s a critical gap that leaves patients and families searching the unknown. We must prioritize getting the right tools to patients when they need them most or we as an industry risk losing trust in the transformative potential of digital health. DiMe Seal has been designed as a step in the right direction to define what good looks like with respect to digital health products.”

Developers are also affected by the lack of commonly accepted benchmarks of trustworthiness. Those who are building software and trying to meet the needs of downstream users are doing so without transparent buyer expectations. And developers who are implementing best practices struggle to differentiate themselves in a crowded market.

Now, a developer can apply for the Seal for their digital health software products online through a series of attestations and questions that incorporate complementary industry standards like SOC 2 Type II, HITRUST, Carin Code of Conduct, WCAG, ISO 27001, and more. If their product meets baseline criteria of evidence, privacy, and security standards, it is granted the DiMe Seal, a symbol that the software is quality and trusted.

Health systems, providers, patients, and the general public can also access and search the freely available database of products on the DiMe Seal’s website to view which meet baseline standards. This will help inform their decisions about which tools to use for their care.

“Until now, there was no standard or efficient way to evaluate digital health software products,” added John Brownstein, Chief Innovation Officer, Boston Children’s Hospital. “We spend countless hours vetting products, often using different criteria from organization to organization and provider to provider, which takes us away from the roles we were hired to perform. We need a new way to advance digital innovation and get the best products into the hands of the providers and patients who will benefit from them.”

The DiMe Seal standards were developed in collaboration with more than 150 industry experts and after the review of nearly 50 regulatory guidances, over 100 industry standards and quality programs, and over 1,000 scientific articles. DiMe also convened hundreds of cross-disciplinary experts from all corners of the digital health software ecosystem – including clinicians, developers, regulators, payers, and patient advocates – to create DiMe Seal’s comprehensive framework.

At launch, over 150 developers have signed up and over 50 products are being evaluated for the DiMe Seal, ranging from apps for glucose monitoring to platforms that integrate data and digital interventions to improve patient outcomes. Later this year, DiMe will launch a benchmarking database to compare categories of products and further meet the needs of end users by including details on regulatory status, common therapeutic areas, and more. For more information about the process or to apply for the DiMe Seal, please visit: http://dimesociety.org/dime-seal

The DiMe Seal is supported by the expertise of members of its Governance Committee, including:

Kate Berry, Senior Vice President Clinical Affairs and Strategic Partnerships, America’s Health Insurance Plans (AHIP)John Brownstein, Senior Vice President and Chief Innovation Officer, Boston Children’s HospitalAneesh Chopra, Chief Strategy Officer, ArcadiaMolly Coye, Executive in Residence, AVIA and Executive Advisor, Redesign HealthAnnie Collins, Investment Partner, Bio + Health, a16zGrace Cordovano, Co-founder, Unblock Health and Patient in Residence, Digital Medicine SocietyJackie Gerhart, Physician and VP of Clinical Informatics, EpicStephen Hughes, Director of Healthcare IT Policy, American Hospital AssociationShaye Mandle, Executive Director, AdvaMed Digital Health TechAdrienne McFadden, Vice President and Chief Medical Officer-Medicaid, Elevance HealthKimberly McManus, Deputy Chief Technology Officer – AI and Deputy Chief AI Officer, US Department of Veterans AffairsRene Quashie, Vice President of Digital Health, Consumer Technology AssociationSameer Sood, Co-founder and CEO, FwdSlash and Interim Medical Department Head, Kramer Davis HealthDaryl Tol, Head of Health Assurance Ecosystem, General CatalystCole Zanetti, Chief Health Informatics Officer and Senior Medical Advisor for Integrated Veteran Care, US Department of Veterans Affairs and Professor of Digital Health & Director of the Digital Health Track, College of Osteopathic Medicine, Rocky Vista University

About the Digital Medicine Society: DiMe is a global non-profit and the professional home for all members of the digital medicine community. Together, we tackle the toughest digital medicine challenges, develop clinical-quality resources on a technology timeline, and deliver these actionable resources to the field via open-source channels and educational programs.

Media Contact: Carla English, press@dimesociety.org

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SOURCE Digital Medicine Society (DiMe)

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Sanofi commits $18 million to Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine to increase diversity in clinical studies

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BRIDGEWATER, N.J., Oct. 16, 2024 /PRNewswire/ — Sanofi announced today it will contribute $18 million to three Historically Black Medical Schools to help the institutions work to increase diversity in clinical studies. The investment over 10 years is aimed at strengthening Centers of Excellence in clinical study diversity at Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine.

Funding will be used to hire clinical research staff, establish infrastructure such as online chat services and pharmacy upgrades, create customized training programs, and more. Each of the Centers of Excellence have their own specific needs, which will help them harness their insights into the underrepresented communities they serve as they seek to increase representation and improve diversity in clinical studies.

Lionel Bascles
SVP, Global Head of Clinical Trials and Operations, Sanofi
“At Sanofi, our mission is to chase the miracles of science to improve people’s lives, and this means all people’s lives, regardless of their race or ethnicity. By partnering with these three esteemed Historically Black College and University medical schools, we hope to facilitate new inroads to communities that have been underrepresented in healthcare for far too long. Increasing diversity and inclusion is essential to the research and development of medicines and vaccines for people of all backgrounds.”

Valerie Montgomery Rice, MD, FACOG
President and CEO, Morehouse School of Medicine
Morehouse School of Medicine is exceptionally grateful to Sanofi for this investment in our clinical study diversity Center of Excellence. We look forward to a robust partnership as we work to increase diversity in clinical studies and develop advanced opportunities for researchers, leading to greater health equity. More diversity in clinical studies will ensure traditionally underserved populations receive the very latest cutting-edge therapeutic innovations.”

Sanofi is a global innovator in the Diversity, Equity and Inclusion space, including by pioneering the international effort A Million Conversations to examine trust gaps in the healthcare system. In the U.S., Sanofi and the National Association for the Advancement of Colored People (NAACP) announced a strategic partnership in July that is aimed at advancing health equity for Black and underserved communities.

About Sanofi
We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people’s lives. Our team, across the world, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions.

Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY

Media Relations
Sandrine Guendoul | + 33 6 25 09 14 25 | sandrine.guendoul@sanofi.com
Evan Berland | +1 215 432 0234 | evan.berland@sanofi.com
Timothy Gilbert | + 1 516 521 2929 | timothy.gilbert@sanofi.com

Investor Relations
Thomas Kudsk Larsen |+ 44 7545 513 693 | thomas.larsen@sanofi.com
Alizé Kaisserian | + 33 6 47 04 12 11 | alize.kaisserian@sanofi.com
Arnaud Delépine | + 33 6 73 69 36 93 | arnaud.delepine@sanofi.com
Corentine Driancourt | + 33 6 40 56 92 21 | corentine.driancourt@sanofi.com
Felix Lauscher | + 1 908 612 7239 | felix.lauscher@sanofi.com
Tarik Elgoutni| + 1 617 710 3587 | tarik.elgoutni@sanofi.com
Nathalie Pham | + 33 7 85 93 30 17 | nathalie.pham@sanofi.com

Sanofi Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions, and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Although Sanofi’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, the uncertainties inherent in research and development, future clinical data and analysis, including post marketing, decisions by regulatory authorities, such as the FDA or the EMA, regarding whether and when to approve any drug, device or biological application that may be filed for any such product candidates as well as their decisions regarding labelling and other matters that could affect the availability or commercial potential of such product candidates, the fact that product candidates if approved may not be commercially successful, the future approval and commercial success of therapeutic alternatives, Sanofi’s ability to benefit from external growth opportunities, to complete related transactions and/or obtain regulatory clearances, risks associated with intellectual property and any related pending or future litigation and the ultimate outcome of such litigation, trends in exchange rates and prevailing interest rates, volatile economic and market conditions, cost containment initiatives and subsequent changes thereto, and the impact that pandemics or other global crises may have on us, our customers, suppliers, vendors, and other business partners, and the financial condition of any one of them, as well as on our employees and on the global economy as a whole. The risks and uncertainties also include the uncertainties discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in Sanofi’s annual report on Form 20-F for the year ended December 31, 2023. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.

All trademarks mentioned in this press release are the property of the Sanofi group.

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SOURCE Sanofi

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Propel to report Q3 2024 financial results

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TORONTO, Oct. 16, 2024 /CNW/ – Propel Holdings Inc. (“Propel”) (TSX: PRL), the fintech facilitating access to credit for underserved consumers, announced today that it will be reporting quarterly financial results for the period ending September 30, 2024, after market close on Wednesday, November 6, 2024. Propel will be hosting a conference call and webcast with a presentation by Clive Kinross, Chief Executive Officer, and Sheldon Saidakovsky, Chief Financial Officer before market open on Thursday, November 7, 2024.

Conference details are as follows:

Date:

Thursday, November 7, 2024

Time:

8:30 a.m. EST

Toll-free North America:

1-888-510-2154

Local Toronto:

1-437-900-0527

RapidConnect:

Click here

Webcast:

Click here 

Replay:

1-888-660-6345 or 1-646-517-4150 (PIN: 44697#)

About Propel

Propel Holdings (TSX: PRL) is the fintech company building a new world of financial opportunity for consumers, partners, and investors. Propel’s operating brands — Fora Credit, CreditFresh and MoneyKey — and our Lending-as-a-Service product line facilitate access to credit for consumers underserved by traditional financial institutions. Through its groundbreaking AI-driven platform, Propel evaluates customers in a more comprehensive way than traditional credit scores can. The result is better products and an expanded credit market for consumers while creating sustainable, profitable growth for Propel.  Our revolutionary fintech platform has already helped consumers access over one million loans and lines of credit and over one billion dollars in credit. At Propel, we are here to change the way customers, partners and investors succeed together. Learn more at www.propelholdings.com

(www.foracredit.cawww.creditfresh.comwww.moneykey.com)

SOURCE Propel Holdings Inc.

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