Semiconductor Manufacturing Equipment Market Growth Outlook Through 2024-2033

Overview and Scope
Semiconductor manufacturing equipment refers to the equipment used in the processes involved in the manufacturing, fabrication, assembly and packaging, dicing, metrology, bonding and water testing of integrated circuits (IC) chips, memory chips and semiconductor wafers.

Sizing and Forecast
The semiconductor manufacturing equipment market size has grown strongly in recent years. It will grow from $106.07 billion in 2023 to $116.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to demand for electronics, research and development, consumer electronics trends, automotive electronics, globalization of manufacturing.

The semiconductor manufacturing equipment market size is expected to see rapid growth in the next few years. It will grow to $172.48 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to 5G technology deployment, artificial intelligence (AI) integration, Internet of things (IoT) expansion, electric vehicles (EVs), supply chain resilience. Major trends in the forecast period include increased automation and robotics integration, focus on green manufacturing practices, development of advanced metrology and inspection tools, growth in semiconductor packaging technologies, collaborations for research and development.

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Segmentation & Regional Insights
The semiconductor manufacturing equipments 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

Asia-Pacific was the largest region in the semiconductor manufacturing equipment market in 2023. The regions covered in the semiconductor manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing consumption of consumer electronics is expected to propel the growth of the semiconductor manufacturing equipment market going forward. Consumer electronics (CE) refers to any home equipment, gadgets, communication devices, or digital devices such as mobile devices, TVs, laptops and computers intended for daily home usage for non-commercial or professional purposes. The semiconductor manufacturing equipment is used in the manufacturing of electronic components such as microprocessors and memory devices, as well as testing and evaluating the quality of consumer electronics. For instance, according to the National Retail Federation, a US-based retail trade association, the November-December holiday season of 2022 saw an increase in retail sales of 5.3% to $936.3 billion, while sales of electronics increased by almost five times. Further, according to the India Brand Equity Foundation, an Indian government export promotion agency, the consumer electronics industry is expected to reach $21.18 billion by 2025. Therefore, the increasing consumption of consumer electronics is driving the growth of the semiconductor manufacturing equipment market.

Key Industry Players

Major companies operating in the semiconductor manufacturing equipment market report are 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, Novellus Systems Inc., AMI Semiconductor Inc., SVS Inc., DNSO SAS, SPTS Technologies Ltd.

The semiconductor manufacturing equipment market report table of contents includes:

1. Executive Summary
2. Semiconductor Manufacturing Equipment Market Characteristics
3. Semiconductor Manufacturing Equipment Market Trends And Strategies
4. Semiconductor Manufacturing Equipment Market – Macro Economic Scenario
5. Global Semiconductor Manufacturing Equipment Market Size and Growth
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31. Semiconductor Manufacturing Equipment Market Other Major And Innovative Companies
32. Global Semiconductor Manufacturing Equipment Market Competitive Benchmarking
33. Global Semiconductor Manufacturing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Semiconductor Manufacturing Equipment Market
35. Semiconductor Manufacturing Equipment Market Future Outlook and Potential Analysis
36.Appendix

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