According to the research report titled ‘Global Semiconductor Etch and Deposition Market - Analysis By Equipment Type, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with MarketStudyReport, global semiconductor etch and deposition market was worth USD 30278.72 million in the year 2020 and is projected to yield substantial gains during the forecast timespan of 2021-2026.
 

Increasing development of semiconductor equipment sector, growing investment in wafer segment, and rising demand for consumer electronics and silicon wafers are the major factors driving global semiconductor etch and deposition market growth.
 

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Based on equipment type, etching equipment currently holds a significant portion of the industry and is predicted to grow steadily throughout the forecast period, driven by surging demand for etching category in semiconductor devices.
 

With respect to application, logic and memory category occupies a substantial market size and is slated to grow continuously over 2021-2026. This can be credited to the strong demand for logic and memory devices in electronic products as it is one of the main applications of semiconductor etch and deposition. Moreover, increasing adoption of IoT and digitalization will boost the segmental demand in the upcoming years.
 

From the regional perspective, as per the report, worldwide semiconductor etch and deposition industry size spans across Americas (U.S., Canada, Mexico), Europe (France, Germany, Italy), and Asia Pacific (Japan, India, China, South Korea).
 

Among the listed geographies, Asia Pacific market is expected to lead the global market over the analysis period, due to factors such as growing adoption of new technologies, rising consumer electronics demand in APAC countries, as well as existence of prominent market players throughout the region.
 

Considering the competitive aspect, ULVAC Technologies Inc., Oxford Instruments plc, KLA Corp., Hitachi High-Tech Corp., Panasonic Corp., ASM International N.V., Applied Materials Inc., Tokyo Electron Ltd., and Lam Research Corp., are the major contenders in global semiconductor etch and deposition market.