Global Semiconductor Machinery Market Opportunities 2024, Forecast To 2033
19 Jan, 2024
The semiconductor machinery market size has witnessed robust growth, escalating from $162.44 billion in 2023 to $174.37 billion in 2024, with a 7.3% CAGR. Historical growth is attributed to increased demand for electronic devices, automotive electronics, energy efficiency, and data center expansion. Projections for 2028 estimate a market size of $225.03 billion, growing at a 6.6% CAGR. Key contributors include IoT, connectivity, 5G, semiconductor chip miniaturization, and sustainable manufacturing practices. Notable trends in the forecast period encompass advanced packaging technologies, extreme ultraviolet (EUV) lithography, smart manufacturing, industry 4.0, sustainability, and green manufacturing.
Global Semiconductor Machinery Market Key Driver
Growing demand for electric vehicles propels the semiconductor machinery market. The increasing demand is attributed to the rising number of charging stations globally. Advances in the semiconductor industry contribute to longer battery life, enhancing the appeal of electric vehicles. According to the Global Electric Vehicle Outlook 2022, electric car sales doubled in 2021, reaching a record 6.6 million. The growing demand for electric vehicles is expected to drive the semiconductor machinery market.
Get A Free Sample Of The Global Semiconductor Machinery Market ReportGlobal Semiconductor Machinery Market Segments
The semiconductor machinery market covered in this report is segmented –
1) By Type: Front-End Equipment, Back-End Equipment, Fab Facility Equipment
2) By Product: Memory, Foundry, Logic, MPU, Discrete, Analog, MEMS, Other Products
3) By Supply Chain Participant: OSAT Companies, IDM Firms, Foundries
4) By Application: Integrated Circuit, Discrete Device, Optoelectronic Device, Sensors
By Geography: The regions covered in the semiconductor machinery market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the semiconductor machinery market in 2023. Western Europe was the second-largest region in the global semiconductor machinery market. The regions covered in the semiconductor machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Semiconductor Machinery Industry Players
ASML Holding N.V., Tokyo Electron Ltd, Lam Research Corp, Applied Materials Inc., KLA-Tencor Corp, SCREEN Holdings Co. Ltd., Teradyne Inc., Toshiba Corporation, Danaher Corporation, Advantest Corporation., ASYS Group, Axcelis Technologies Inc., Brooks Automation Inc., Canon Inc., Disco Corporation, Edwards Limited, Hitachi High-Technologies Corporation, Nikon Corporation, Nova Measuring Instruments Ltd., Onto Innovation Inc., Orbotech Ltd., Plasma-Therm LLC, Rudolph Technologies Inc., SPTS Technologies Ltd., Ultratech Inc., Veeco Instruments Inc., Xcerra Corporation, Yield Engineering Systems Inc., Zygo Corporation, Siconnex Customized Solutions GmbH, SÜSS MicroTec SE
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Semiconductor Machinery Market Overview
The semiconductor machinery refers to the equipment, responsible for the actual production of the semiconductors. These machines manipulate atoms with the help of etching processes, deposition, and lithography in such a way that highly integrated chips are formed on a wafer.
Semiconductor Machinery Global Market Report 2023 provides data on the global semiconductor machinery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The semiconductor machinery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.