Global Semiconductor Photoresist Stripping Market 2016-2020

Overview of the global semiconductor photoresist stripping market

Technavio’s market research analysts have estimated the global semiconductor photoresist stripping market to grow steadily at a CAGR of about 3% by 2020. The growth of automation technology in the automotive industry is considered to be one of the major drivers for the growth of this market during the forecast period. Due to the growing need for automobiles that provide effective guidance and drive control systems, the automobile industry’s demand for semiconductor wafers has increased rapidly in past couple of years. Automation technology requires a large number of chips to be embedded into vehicles for different functions such as car navigation and display, infotainment, collision detection technology, GPS, anti-breaking system, and driving. With the rising demand for vehicles with advanced functionalities, the need for semiconductor wafer fabrication techniques, including photoresist stripper, will increase significantly over the next four years.

This market research analysis has identified the emerging trend of IoT (Internet-of-Things) as one of the major factors that will drive the growth of this market in the coming years. IoT facilitates effective data transfer over a wireless (or wired) network and helps to connect electronic devices to the Internet. The essence of this technology is that it needs minimum human intervention. To bring about automation, IoT would require advanced semiconductor components such as microcontrollers, processors, and chips to be embedded into the devices. Since IoT as a technology requires specialized ICs and microcontrollers that offer maximum performance output with minimum power consumption, the need for photoresist stripping will increase as it helps to augment quality and performance of IC chips.

Segmentation by application and analysis of the semiconductor photoresist stripping market

• Foundries
• Memory manufacturers
• IDM