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Technavio Announces Top Three Emerging Trends Impacting the Global Semiconductor Photoresist Stripping Market Through 2020Technavio's latest report on the global semiconductor photoresist stripping market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline. Navin Rajendra, a lead analyst from Technavio, specializing in research on embedded systems sector, says, "The global semiconductor photoresist stripping market is expected to reach USD 250 million by 2020. The demand for photoresist stripping equipment, which is used in the fabrication process of ICs, is set to rise during the forecast period, as an IC is a crucial component of any electronic device. Therefore, the growing demand for advanced electronic devices such as smartphones, smart TVs, automated home appliances, and security systems will lead to a steady growth of the semiconductor photoresist stripping market." The top three emerging trends driving the global semiconductor photoresist stripping market according to Technavio hardware and semiconductor research analysts are:
Emerging trend of IoT IoT connects electronic devices to the internet, thereby facilitating data transfer over a wireless (or wired) network. This technology needs minimum human intervention. The devices needed for this technology should have sensors and actuators, which play a key role in mobile sensing, ensuring the technology delivers efficient performance. IoT integrates technologies such as data communication, hardware design, data storage, and mining. IoT needs advanced semiconductor components such as microcontrollers, processors, and chips embedded into the devices. Semiconductor component manufacturers such as Intel and Samsung have already started designing specialized chips focused on IoT. Marvell (News - Alert) offers mutiple products through its EZ-Connect platform that focuses on the effective implementation of IoT. With the emergence of IoT, the demand for miniaturized semiconductor components will also rise, creating a need for efficient chip fabrication. The process of photoresist stripping plays an essential role here. To ensure quality and performance, the stripping process is used to remove the excess residual of the photoresist layer from the wafer, ensuring the production of good quality IC chips. This will drive the market for photoresist striping during the forecast period. Increasing popularity of wearables The wearable technology essentially is a mobile form of technology that can be attached to a body part and used to monitor daily activities. It includes smart watches, smart glasses, smart fabrics, heart rate monitors, and fitness tracking gadgets. Semiconductor chips play a key role in wearables. IC manufacturers such as Toshiba (News - Alert) have started developing specialized ICs to support wearable technology requirements such as small size and high performance. Photoresist stripping ensures complete removal of photoresist residuals from the wafer, keeping it clean. This ensures that the chip design on wafers is robust, thereby ensuring good quality chip fabrication. With the increasing popularity of wearables, the market for photoresist strippers will grow during the forecast period. Growing proliferation of NFC technology Near field communication (NFC) technology is another major technological paradigm focused on introducing new and convenient ways of making mobile payments. NFC is basically a contactless, Wi-Fi-enabled technology that uses a smartphone to connect to another device and share data. Apple (News - Alert) has already introduced Apple Pay in its smartphone series such as the iPhone 6, iPhone 6s, and iPhone 6s Plus. The idea is to use NFC technology to make payments. The technology has been gaining momentum in the US and the UK and will gain significance in other parts of the world, given the number of benefits it offers such as convenience, safe and secure payment system, and its compatibility with smartphones. Furthermore, NFC chips are already integrated into posters wherein an individual can download information from this poster through an NFC-enabled phone. "With the proliferation of NFC technology, the demand or NFC chips will rise during the forecast period thereby increasing the demand for chip fabrication equipment," says Navin. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160628005106/en/ |
