Semiconductor Manufacturing Equipment Market Growth Trajectory Through 2024-2033

The Semiconductor Manufacturing 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 (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Semiconductor Manufacturing Equipment Global Market Report 2024, 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.

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.

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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

Major companies operating in the semiconductor manufacturing equipment market are developing innovative products, such as bevel solutions, to meet larger customer bases, increase sales, and increase revenue. A bevel solution refers to a method or process that involves cutting, shaping, or tooling the corner where two faces meet to an intermediate angle between the two faces, creating a sloping or angled surface. For instance, in June 2023, Lam Research Corporation, a US-based company that builds products for semiconductor manufacturing, launched Coronus DX. Coronus DX stands out as the industry’s pioneering bevel deposition solution, specifically designed to tackle critical manufacturing challenges in next-generation logic, 3D NAND, and advanced packaging applications. In the ever-evolving landscape of semiconductor scaling, characterized by the intricate construction of nanometer-sized devices on silicon wafers involving numerous process steps, Coronus DX introduces a groundbreaking approach. In a singular operation, it applies a proprietary protective film to both sides of the wafer edge, serving as a formidable defense against defects and potential damage that may occur during advanced semiconductor manufacturing. This distinctive protective layer significantly enhances yield rates, empowering chipmakers to seamlessly adopt cutting-edge processes to produce next-generation chips.

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 analysis

5.Semiconductor Manufacturing Equipment Market Size And Growth
6.Semiconductor Manufacturing Equipment Segmentation
7. Semiconductor Manufacturing Equipment Regional And Country Analysis
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27.Semiconductor Manufacturing Equipment Competitive Landscape And Company Profiles
28.Semiconductor Manufacturing Equipment Key Mergers And Acquisitions
29.Semiconductor Manufacturing Equipment Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• Panasonic Corporation
• Canon Machinery Inc.
• Applied Materials Inc.
• NEC Corporation
• ASML Holding N.V.

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