Semiconductor Machinery Market Outlook 2024-2033: Trends and Projections
Semiconductor Machinery Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Semiconductor Machinery Market Analysis 2024: Size Forecast and Growth Prospects
Semiconductor Machinery Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Semiconductor Machinery Market Overview 2024: Size, Growth Rate, and Segments
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The semiconductor machinery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Semiconductor Machinery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The semiconductor machinery market size has grown strongly in recent years. It will grow from $162.44 billion in 2023 to $174.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing demand for electronic devices, growing automotive electronics, demand for energy efficiency, expansion of data centers, government initiatives.
The semiconductor machinery market size is expected to see strong growth in the next few years. It will grow to $225.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to iot and connectivity, 5g and connectivity expansion, miniaturization of semiconductor chips, increasing adoption of sustainable manufacturing practices, growing demand for high-purity and high-performance materials . Major trends in the forecast period include advanced packaging technologies, extreme ultraviolet (euv) lithography, smart manufacturing and industry 4.0, sustainability and green manufacturing, collaborative robotics.
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Scope Of Semiconductor Machinery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Semiconductor Machinery Market Overview
Market Drivers –
The growing demand for electric vehicles is a key factor driving the growth of the semiconductor machinery market. The demand for electric cars is increasing attributed to the surge in the number of charging stations across the globe. The advances in the semiconductor industry give the potential for longer battery life for electric vehicles. In addition to improving the operational appeal of electric vehicles, the commercialization of this innovation also offers a prime business opportunity for semiconductor manufacturers. According to the annual Global Electric Vehicle Outlook 2022, an annual report published by International Energy Agency (IEA), an intergovernmental organisation, the sales of electric cars including fully electric and plug-in hybrids were doubled in 2021 to reach new record of 6.6 million. In 2021, electric cacloor sales were nearly tripled to 3.3 million in China, accounting for about half of the global total. Therefore, the growing demand for electric vehicles is expected to drive the growth of the semiconductor machinery market.
Market Trends –
Major companies operating in the semiconductor machinery market are innovating new technological products, such as semiconductor wafer transfer robots to increase their profitability in the market. Semiconductor wafer transfer robots are made particularly for the semiconductor industry to automate the process of moving wafers between cassettes, boats, and process equipment. For instance, in August 2023, Nidec Sankyo Corporation, a Japan-based electrical component manufacturing company launched a new semiconductor wafer transfer robot. With the ability to switch between four cassettes located in the front and back portions, the new semiconductor wafer transfer robot may increase the effectiveness of the semiconductor production process.
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
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Regional Insights –
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.
Key Companies –
Major companies operating in the semiconductor machinery market include 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
Table of Contents
1. Executive Summary
2. Semiconductor Machinery Market Report Structure
3. Semiconductor Machinery Market Trends And Strategies
4. Semiconductor Machinery Market – Macro Economic Scenario
5. Semiconductor Machinery Market Size And Growth
…..
27. Semiconductor Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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