Dicing Equipment Market : Facts, Figures and Analytical Insights

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Summary

The Dicing Equipment Market is expected to grow at a CAGR of 7.7% over the forecast period 2020 to 2025.

Press Release

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The Dicing Equipment Market is expected to grow at a CAGR of 7.7% over the forecast period 2020 to 2025. Principal factors encouraging the growth of this market include the growing demand for smart cards, RFID technology, and automotive power ICs, increasing consumer electronics market, an increase in the number of factories, and the inclination of miniaturization and technology migration.

– The dicing equipment market is getting traction due to the inclusion of microelectronics across consumer electronics. The need for technologies such as MEMS devices and power devices are encouraging demand for thin wafers. Additionally, this demand supports the demand for better manufacturing processes, which is a critical phase in the ultra-thin wafer manufacturing processes.
– Driven by the rising demand for secure access and identification solutions in the telecommunication, payment, government, and transportation sectors, smart cards have experienced a significant increase in their usage, therefore boosting the dicing equipment market’s growth. For example, according to the Office of National Statistics (UK), the country’s manufacturers of smart cards witnessed sales of GBP 2.2 million in 2018.

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Memory and Logic (TSV)​ Application to Dominate the Market

– Companies have been seeking to find a single universal memory that combines the benefits of SRAM, Flash memory, and DRAM. New technologies in memory devices, such as Magnetoresistive random-access memory (MRAM), Phase-change random access memory (PCRAM), and Resistive random-access memory (RRAM), are expected to substitute most of the traditional technologies. This shift in the market has necessitated the change in manufacturing equipment dynamics, forcing equipment providers to develop effective designs for the device manufacturers.
– As data generation grows significantly, cloud data centers need order-of-magnitude enhancements in the speed and power consumption of the data pathways linking servers and storage systems. PCRAM and ReRAM are fast, low-power, and high-density memories, which can be used as “storage-class memory” to fill the widening price-performance gap between server DRAM and storage.

China to Hold a Major Market Share of the Market

– The growing adoption of smart electronic devices is encouraging manufacturing prospects. Necessary incorporation of electronics in automotive applications is one of the principal drivers driving the growth of the China Dicing Equipment Market.
– The integration of artificial intelligence, IoT, and connected devices across multiple end-use verticals is anticipated to encourage the semiconductor manufacturing equipment market growth in the projection period. China has grown a global manufacturing center with the presence of various manufacturing industries.