How Has the Semiconductor Manufacturing Equipment Market Size Evolved in Recent Years?
The semiconductor manufacturing equipment market has seen considerable growth due to a variety of factors.
• The size of the semiconductor manufacturing equipment market has significantly increased in the past few years. Its growth is expected to continue from $114.61 billion in 2024 to $124.98 billion in 2025, projecting a compound annual growth rate (CAGR) of 9.0%.
Factors contributing to this growth during the historic period include the demand for electronics, research and development activities, consumer electronics trends, automotive electronics, and the globalization of manufacturing.
What Can Be Expected from the Semiconductor Manufacturing Equipment Market in the Coming Years?
The semiconductor manufacturing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for semiconductor manufacturing equipment is predicted to experience a swift expansion in the upcoming years, poised to reach a valuation of $186.8 billion by 2029, with a CAGR of 10.6%.
Factors contributing to growth in the forecast period include the roll-out of 5G technology, incorporation of artificial intelligence (AI), the proliferation of the Internet of Things (IoT), rise in electric vehicles (EVs), and resilient supply chains. Key trends during this period will include the rise in automation and robotics integration, a shift towards eco-friendly manufacturing processes, the advent of advanced metrology and inspection tools, expansion in semiconductor packaging technologies, as well as partnerships in research and development.
What Are The Key Drivers Fueling Growth In The Semiconductor Manufacturing Equipment Market?
The surge in consumer electronics utilization is anticipated to stimulate the expansion of the semiconductor manufacturing equipment market. Consumer Electronics (CE) encompasses all household appliances, gadgets, communication equipment, and digital devices such as cell phones, televisions, laptops, and computers, designed for regular non-business or professional home use. The equipment for manufacturing semiconductors is utilized in the production of electronic components like microprocessors and memory devices and in the testing and evaluation of the standard of consumer electronics. For example, the National Retail Federation, a retail trade association based in the U.S., observed that during the November-December holiday season of 2022, retail sales escalated by 5.3% to $936.3 billion, with electronics sales amplifying almost fivefold. Furthermore, the India Brand Equity Foundation, an export promotion agency of the Indian government, anticipates that the industry of consumer electronics will touch $21.18 billion by 2025. Hence, the burgeoning utilization of consumer electronics is a key driver propelling the growth of the semiconductor manufacturing equipment market.
How Is the Semiconductor Manufacturing Equipment Market segmented?
The semiconductor manufacturing equipment market covered in this report is segmented –
1) By Product Type: Memory, Foundry, Logic, MPU (Microprocessors), Discrete, Analog, MEMS (Micro-Electromechanical Systems)
2) By Equipment Type: Front End Equipment, Back End Equipment
3) By Dimension: 2D, 2.5D, 3D
4) By Application: Semiconductor Fabrication Plant Or Foundry, Semiconductor Electronics Manufacturing, Test Home
Subsegments:
1) By Memory: DRAM (Dynamic Random Access Memory), NAND Flash, NOR Flash
2) By Foundry: Wafer Fabrication Equipment, Assembly And Packaging Equipment
3) By Logic: Standard Logic, Application-Specific Integrated Circuits (ASICs)
4) By MPU (Microprocessors): General-Purpose Microprocessors, Embedded Microprocessors
5) By Discrete: Power Discrete, Signal Discrete
6) By Analog: Operational Amplifiers, Voltage Regulators
7) By MEMS (Micro-Electromechanical Systems): Sensors, Actuators
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What New Trends Are Influencing the Semiconductor Manufacturing Equipment Market?
The semiconductor production equipment market is observing a notable trend of technological progress, predominately driven by increasing research and development initiatives in the industry. Major industry players are concentrating on crafting innovative products and incorporating new technologies to maintain their market standing. For instance, Hitachi High-Tech Corporation, a Japan-based entity that specializes in electronic devices and industrial machinery and materials, debuted its Hitachi Dark Field Wafer Defect Inspection System DI2800 in June 2022. This system makes use of scattering-intensity simulation technology to fine-tune the illumination and detection optics, enhancing the inspection efficiency of patterned-wafer defects that arise during the production process. It is capable of detecting defects with a sensitivity of 0.1-mcm standard particle size on mirrored wafers.
Who Are the Key Players in the Semiconductor Manufacturing Equipment Market?
Major companies operating in the semiconductor manufacturing equipment market include:
• Panasonic Corporation
• Canon Machinery Inc.
• Applied Materials Inc.
• NEC Corporation
• ASML Holding N.V.
• Lam Research Corporation
• Tokyo Electron Ltd.
• KLA Corporation
• GlobalFoundries Inc. Advantest Corporation
• MKS Instruments Inc.
• Teradyne Inc.
• Oerlikon Group
• ASM International
• JSR Corporation
• Onto Innovation Inc.
• Ferrotec Holdings Corporation
• Tokyo Seimitsu Co Ltd.
• FormFactor Inc.
• AMEC plc
• Veeco Instruments Inc.
• Plasma-Therm LLC
• Hitachi High-Tech Group.
• Dainippon Screen Mfg. Co Ltd.
• SVXR LLC
• DNSO SAS
• SPTS Technologies Ltd.
What Is The Most Dominant Region In The Semiconductor Manufacturing Equipment Market?
Asia-Pacific was the largest region in the semiconductor manufacturing equipment market in 2024. The regions covered in the semiconductor manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
