According to the business intelligence 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 Market Study Report, global semiconductor etch and deposition market accrued USD 30278.72 million in 2020 and is speculated to grow considerably between 2021-2026.
 

Expansion of semiconductor equipment sector, and surging demand from consumer electronics vertical are key factors boosting global semiconductor etch and deposition market growth. Moreover, growing acceptance of silicon wafer, coupled with growing investment towards wafer advancements will also facilitate the market expansion.
 

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Based on equipment type, worldwide semiconductor etch and deposition market is bifurcated into deposition equipment, and etching equipment. Among these, etching equipment segment captured majority of the market share in the recent past and is anticipated to record steady growth over the analysis timeframe, as etching is vital in semiconductor devices.
 

Speaking of application scope, the industry is divided into MEMS, power device, and logic & memory among others. The report cites that logic & memory segment led the market forecast in the recent past and is projected to grow significantly between 2021-2026. Rising demand of logic & memory components in electronic appliances, extensive digitization, and increasing adoption of IoT technology are the leading factors contributing to the same.
 

Regionally speaking, Asia Pacific semiconductor etch and deposition market size is speculated to expand rapidly over the study period, owing to presence of key companies in the region, surging demand for consumer electronics, and adoption of new technologies.
 

Key players profiled in the worldwide semiconductor etch and deposition industry report are Tokyo Electron Limited (TEL), ULVAC Technologies Inc., KLA Corporation, ASM International N.V., Lam Research Corporation, Panasonic Corporation, Oxford Instruments plc, Applied Materials Inc., Hitachi High-Technologies Corporation, and Plasma-Therm LLC.
 

These companies have made strategic moves like mergers & acquisitions, investments, innovative product launches etc. to strengthen their foothold in the marketplace and increase profits.