The semiconductor capital equipment market size has demonstrated strong growth in recent years, projected to increase from $76.39 billion in 2023 to $82.86 billion in 2024, achieving a compound annual growth rate (CAGR) of 8.5%. The historical growth can be attributed to advancements in semiconductor technology, heightened demand for consumer electronics, the expansion of data centers and cloud infrastructure, a rise in automotive electronics, advancements in artificial intelligence and machine learning, and innovations in memory and storage. The semiconductor capital equipment market size is expected to grow to $115.27 billion in 2028 with a CAGR of 8.6%. The future growth is driven by the adoption of 5G technology, the proliferation of IoT devices, the shift towards advanced packaging, increased complexity in semiconductor designs, and investments in green technology. Key trends anticipated in the forecast period include the integration of AI in manufacturing processes, the development of new semiconductor materials, a focus on wafer-level packaging, advanced metrology techniques, and the growth of equipment leasing models.
Global Semiconductor Capital Equipment Market Key Driver
The rapid rollout of 5G technology is anticipated to spur growth in the semiconductor capital equipment market in the coming years. 5G technology represents the fifth generation of mobile network technology, providing significantly faster data speeds, lower latency, and greater connectivity than previous generations. The demand for 5G technology is escalating due to its capacity to support rapid data speeds and minimal latency, which are essential for emerging applications such as autonomous vehicles, smart cities, and augmented reality. Semiconductor capital equipment is crucial for the implementation of 5G technology, as it facilitates the production of advanced chips and components vital for high-speed data processing and communication infrastructure. For instance, in March 2024, 5G Americas, a US-based industry trade organization, noted that global 5G connections surged to 1.76 billion by the end of 2023, reflecting a 66% year-over-year increase with an additional 700 million connections added. This growth trajectory is expected to accelerate, with forecasts estimating 7.9 billion 5G connections by 2028. Therefore, the rapid deployment of 5G technology will drive the growth of the semiconductor capital equipment market through 2023, into 2024, and is projected to continue expanding by 2028.
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Global Semiconductor Capital Equipment Market Segments
The semiconductor capital equipment market covered in this report is segmented –
1) By Type: Wafer Manufacturing Equipment, Assembly And Packaging Equipment, Test Equipment, Other Types
2) By Application: Wafer Processing, Surface Conditioning, Chemical Mechanical Planarization, Chemical Vapor Deposition, Assembly And Packaging
3) By Industry: Consumer Electronics, Healthcare, Automotive, Information Technology (IT) And Telecommunication, Other Industries
By Geography:The regions covered in the semiconductor capital equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the semiconductor capital equipment market in 2023.
Major Semiconductor Capital Equipment Industry Players
Applied Materials Inc., ASML Holding N.V., Lam Research Corporation, Tokyo Electron Limited, KLA Corporation, United Microelectronics Corporation, Microchip Technology Inc., Semiconductor Manufacturing International Corporation (SMIC, Nikon Corporation, Hitachi High-Technologies Corporation, Advantest Corporation, MKS Instruments Inc., Teradyne Inc., Screen Holdings Co. Ltd., Bruker Corporation, ASM International N.V., DISCO Corporation, Kulicke & Soffa Industries Inc., Edwards Vacuum, Cohu Inc., Veeco Instruments Inc., Rudolph Technologies Inc., Mattson Technology Inc., BE Semiconductor Industries N.V. (BESI), Aixtron SE
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Semiconductor Capital Equipment Market Overview
Semiconductor capital equipment refers to the specialized machinery and tools used in the manufacturing of semiconductor devices and integrated circuits. This equipment is essential for the various stages of semiconductor production, including wafer fabrication, assembly, and testing.
Semiconductor Capital Equipment Global Market Report 2023 provides data on the global semiconductor capital equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The semiconductor capital equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
