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Global Wafer Processing Equipment Market Size and Forecast 2023-2032|Lam Research Corporation, Tokyo Electron Limited, Applied Materials Inc., SPTS Technologies Limited, Plasma-Therm LLC

The Wafer Processing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Wafer Processing Equipment Global Market Report 2024, The wafer processing equipment market size has grown strongly in recent years. It will grow from $143.62 billion in 2023 to $153.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing consumer electronics, industrial automation and iot, economic factors.

The wafer processing equipment market size is expected to see strong growth in the next few years. It will grow to $195.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to 5g technology, artificial intelligence (ai), electric vehicles (evs), environmental concerns, semiconductor shortages. Major trends in the forecast period include technological advancements, research and development, ai and machine learning integration, miniaturization and wafer size, mergers and acquisitions.

Increasing demand for consumer electronic devices is expected to boost the growth of the wafer processing equipment market. An increase in the demand for electronic products has raised customer expectations regarding the improved characteristics of new electronic devices. Several consumer electronics and identity solutions, including identification tags, smart cards, and more, are combined with RFIDs and use wafers for the fabrication of integrated circuits. There is an increasing demand for these ultra-smooth surfaces and thinner wafers by customers for smooth incorporation into electronic devices. For instance, in October 2022, according to a press release published by Apple Inc., a US-based consumer electronics company, the company’s September 2022 quarter record revenue was $90.1 billion, up 8% year over year, and quarterly earnings per diluted share were $1.29, up 4% year over year. Apple’s annual revenue was $394.3 billion, up 8% year over year. In addition to this, rising utilization and consumption of consumer electronic devices are likely to fuel the demand for semiconductors, which in turn is expected to propel revenues for the wafer processing equipment market during the forecast period.

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The wafer processing equipment market covered in this report is segmented –

1) By Equipment Type: Oxidation Systems; Diffusion Systems; Epitaxial Reactors; Photolithography Equipment; Other Equipment Types

2) By Application: MEMS; RFID; CMOS Image Sensor; Other Applications

3) By End Use: Medical; Military; Solar; Industrial; Other End Uses

The wafer processing equipment market report table of contents includes:

1. Executive Summary

2. Wafer Processing Equipment Market Characteristics

3. Wafer Processing Equipment Market Trends And Strategies

4. Wafer Processing Equipment Market – Macro Economic Scenario

5. Global Wafer Processing Equipment Market Size and Growth