Semiconductor Bearing Market Report
Semiconductor Bearing Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Semiconductor Bearing Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Semiconductor Bearing Market is Segmented by Bearing Type (Ball Bearing [Angular Contact Ball Bearing and Deep Groove Ball Bearing], Roller Bearing [Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others], Plain Bearings, Linear Bearings, and Others), by Material Type (Metallic Bearings, Non-Metallic Bearings, and Hybrid Bearings), by Application Type (Pulling, Slicing, Polishing, Cleaning/Etching, CVD, ALD, PVD, and Others), by End-Use Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Semiconductor Bearing Market is Segmented by Bearing Type (Ball Bearing [Angular Contact Ball Bearing and Deep Groove Ball Bearing], Roller Bearing [Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others], Plain Bearings, Linear Bearings, and Others), by Material Type...
Semiconductor manufacturing equipment (SME) are used in the production of semiconductor devices, which are one of the most complex and advanced manufacturing processes in the world. Semiconductors, such as microprocessors and memory devices, are found in a wide range of manufactured products, including personal computers, and many ordinary consumer durable products. Because of greater demand for higher-performing semiconductors, the technology employed in this equipment is continuously being upgraded. Bearings used in the semiconductor equipment must survive highly corrosive liquids, gases, and plasmas, typically at high temperatures or under vacuum.
Even before the COVID-19 pandemic, the semiconductor industry was under stress, owing to reduced demand and the US-China trade war dampening industry sentiment. Furthermore, inventory concerns in smartphones and cloud infrastructure drove down prices, reducing revenues of the market stakeholders. The rapid spread of the COVID-19 caused a further jolt to the semiconductor market. The bearings market for semiconductor manufacturing typically relies on the organic growth of the industry and usually takes the same path as the latter. Key challenges that arose before industry stakeholders on account of the pandemic were labor shortage, supply chain disruptions due to lockdowns, and a drop in overseas demand in some regional markets.
Although the pandemic and trade war is having an impact on big players with strong financials, they are only a blip on the radar in the long run. The emergence of disruptive technologies, such as AI, big data, and 5G, is likely to propel the semiconductor market. In addition to that, the semiconductor manufacturing industry is gradually getting back on its track, paired with collective efforts of OEMs and other sectoral stakeholders towards mitigating the risks associated with COVID-19, which, in turn, is signaling towards a healthy and quick recuperation, helping the market to grow at an impressive CAGR of 6.9% during 2021-2026 to reach a figure of US$ 1.1 Billion in 2026.
Based on the bearing type, the market is segmented as ball bearing, roller bearing, plain bearing, linear bearing, and others. Ball bearings are further classified as angular contact ball bearing, and deep groove ball bearing. Similarly, roller bearings are further classified as tapered roller bearings, cylindrical roller bearings, spherical roller bearings, and others. Ball bearings are expected to remain the largest segment of the market during the forecast period. They are widely used for the doors of chemical vapor deposition (CVD) equipment.
Based on the application type, the market is segmented as pulling, slicing, polishing, cleaning/etching, CVD, ALD, PVD, and others. Cleaning/Etching is projected to be the dominant segment of the market during the forecast period. Increasing demand for advanced cleaning technologies for the development of efficient and effective semiconductors and a growing trend towards miniaturization are some of the major drivers of the segment. CVD application is also gaining traction on account of increasing investment in thin-film solar photovoltaics and a surge in demand for semiconductor lasers.
In terms of regions, Asia-Pacific is expected to remain the largest market over the next five years. China, Japan, South Korea, and Taiwan are the major semiconductor players in the region. The growth in the region is primarily driven by government support, vast market, and increasing R&D spending. Companies worldwide rely on Asian capabilities now more than ever. The region is a manufacturing hub for the electrical & electronics industry, driven by many factors including low-cost manufacturing advantage, availability of raw materials, developed supply chain, and huge indigenous demand.
The market for semiconductor bearing is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market. For instance; AB SKF a leading global supplier of bearings for a wide range of industries acquired Kaydon Corporation. After the acquisition, AB SKF successfully leaped ahead in the market with the added capabilities and expansion of its product portfolio. Another key player, Minebea Co., Ltd. acquired CEROBEAR GmbH, the latter manufactures and markets ceramic and hybrid bearings for semiconductor manufacturing equipment.
The supply chain of this market comprises several nodes including raw material suppliers, bearing manufacturers, system integrators, and equipment manufacturers. The following are the key players in the semiconductor bearings market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Semiconductor Bearing market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The semiconductor bearings market is segmented into the following categories.
Semiconductor Bearings Market, by Bearing Type
Semiconductor Bearings Market, by Material Type
Semiconductor Bearings Market, by Application Type
Semiconductor Bearings Market, by End-Use Type
Semiconductor Bearings Market, by Region
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The semiconductor bearing market is estimated to grow at a CAGR of 6.9% during 2021-2026.
AB SKF, Schaeffler Technologies AG & Co. KG, NSK Ltd., JTEKT Corporation, NTN Corporation, RBC Bearings, Incorporated, Ritbearing Corp., MinebeaMitsumi Group, Schatz Bearing Corporation, New Way Air Bearings, Inc. are the leading players in the semiconductor bearing market.
Asia-Pacific is estimated to remain dominant in the semiconductor bearing market in the foreseen future.