Global Semiconductor Manufacturing Equipment Market size and share is currently valued at USD 90.62 billion in 2023 and is anticipated to generate an estimated revenue of USD 233.31 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 11.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The semiconductor manufacturing equipment market encompasses a wide range of tools and technologies used in the production of integrated circuits (ICs) and other semiconductor devices. These include wafer fabrication equipment, assembly and packaging machinery, and testing and inspection tools. The market caters to the growing complexity of semiconductor designs, driven by the need for smaller, faster, and more energy-efficient devices. As global industries increasingly rely on advanced semiconductors for innovation, the demand for state-of-the-art manufacturing equipment continues to rise.
Market’s Growth Drivers:
Several factors are propelling the growth of the semiconductor manufacturing equipment market:
- Increasing Demand for Advanced Electronics:
The growing adoption of advanced consumer electronics, such as smartphones, tablets, and wearables, is driving the demand for next-generation semiconductors and, consequently, the equipment required to manufacture them. - Expansion of the Automotive Electronics Sector:
With the rise of electric vehicles (EVs), autonomous driving, and advanced driver-assistance systems (ADAS), the automotive industry is becoming a significant consumer of semiconductors. This growth directly fuels the need for sophisticated manufacturing equipment. - Rising Investment in AI and High-Performance Computing:
The development of artificial intelligence (AI), cloud computing, and high-performance computing (HPC) applications is spurring the demand for powerful chips. Semiconductor manufacturers are investing heavily in equipment to meet these requirements.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Some of the major players operating in the global market include:
- ACM Research Inc.
- Advantest Corporation
- Applied Materials Inc.
- ASML
- Cohu, Inc.
- Dainippon Screen Group
- EV Group (EVG)
- Ferrotec Holdings Corporation
- KLA Corporation
- Lam Research Corporation
- Modutek Corporation
- Nordson Corporation
- SCREEN Semiconductor Solutions Co., Ltd.
- Tokyo Electron Limited
- Tokyo Seimitsu Co., Ltd.
Recent Developments in the Semiconductor Manufacturing Equipment Market
- SCREEN PE Solutions Introduces the Ledia 7F-L Direct Imaging System
In March 2023, SCREEN PE Solutions Co., Ltd., a subsidiary of SCREEN Holdings Co., Ltd., unveiled the Ledia 7F-L, a cutting-edge direct imaging system. This advanced system is designed to meet the growing need for precise patterning on large-sized substrates, with a particular emphasis on applications in IoT infrastructure and telecommunications. The Ledia 7F-L reflects SCREEN PE’s commitment to delivering innovative solutions for evolving industry demands. - Applied Materials Launches VeritySEM 10 eBeam Metrology System
In February 2023, Applied Materials, Inc. introduced the VeritySEM 10, an advanced eBeam metrology system. This state-of-the-art tool is engineered to accurately measure critical dimensions of semiconductor device components patterned using next-generation high-NA EUV lithography. The VeritySEM 10 underscores Applied Materials’ focus on supporting the development of cutting-edge semiconductor technologies.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Semiconductor Manufacturing Equipment Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Semiconductor Manufacturing Equipment Market, Product Type Outlook (Revenue, USD Billion, 2019-2032)
- Memory
- MPU
- Foundry
- Logic
- Discrete
- Others
Semiconductor Manufacturing Equipment Market, Front-End Equipment Outlook (Revenue, USD Billion, 2019-2032)
- Lithography
- DUV
- EUV
- Wafer Surface Conditioning Equipment
- Etching
- Chemical Mechanical Planarization
- Deposition
- PVD
- CVD
- Cleaning Process
- Single-Wafer Spray System
- Single-Wafer Cryogenic System
- Batch Immersion Cleaning System
- Batch Spray Cleaning System
- Scrubber
- Other Equipment
Semiconductor Manufacturing Equipment Market, Fab Facility Equipment Outlook (Revenue, USD Billion, 2019-2032)
- Automation
- Chemical Control Equipment
- Gas Control Equipment
- Others
Semiconductor Manufacturing Equipment Market, Back-End Equipment Outlook (Revenue, USD Billion, 2019-2032)
- Back-End Processes
- Assembly and Packaging
- Dicing Equipment
- Bonding Equipment
- Metrology Equipment
- Test Equipment
Semiconductor Manufacturing Equipment Market, Dimension Outlook (Revenue, USD Billion, 2019-2032)
- 2D ICs
- 2.5D ICs
- 3D ICs
Semiconductor Manufacturing Equipment Market, Supply Chain Process Outlook (Revenue, USD Billion, 2019-2032)
- IDM Firms
- OSAT Companies
- Foundries
The semiconductor manufacturing equipment market is at the heart of technological advancement, enabling the production of chips that power the digital world. As industries embrace innovations in electronics, automotive, and AI, the demand for sophisticated manufacturing equipment is set to grow. With ongoing advancements in automation, packaging, and sustainability, the market is poised for sustained development, playing a pivotal role in shaping the future of the semiconductor industry.