Semiconductor Manufacturing Equipment Market Size & Share, by Equipment [Front-End Equipment (Lithography, Water Surface Conditioning, Water Cleaning, Deposition), Back-End Equipment (Assembly & Packaging, Dicing), Fab Facility Equipment (Automation, Chemical Control, Gas Control)]; Product (Memory, Foundry); Dimension (2D, 2.5D, 3D); Supply Chain Participant (IDM Firms, OSAT Companies, Foundries) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5058
  • Published Date: Jun 22, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Semiconductor Manufacturing Equipment Market size is projected to reach USD 160 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of semiconductor manufacturing equipment was around USD 95 Billion. The surging demand for miniature devices along with other consumer electronics is anticipated to bolster the market expansion during the assessment period as the design of I.C. of electronics is getting complicated and requires semiconductors. The revenue generated by the global consumer electronics industry is anticipated to increase to USD 2 trillion by 2030 from USD 1 trillion in 2022, with a growth rate of 9%.

One of the major applications of sophisticated and miniaturized semiconductors is in everyday use electronics such as smartphones, laptops, television, and other wearable devices such as smartwatches and fitness bands. Thus, the penetration of smart devices is anticipated to boost the development of global semiconductor manufacturing equipment in the next few years.


Semiconductor Manufacturing Equipment Market
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Semiconductor Manufacturing Equipment Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Trend of Electric and Hybrid Vehicles – Manufacturers of electric and hybrid vehicles use semiconductors for various parts and components of the vehicles such as sensors and microcontrollers. Thus, the emergence of electric and hybrid mobility along with the requirement for AI-based automotive systems is estimated to generate favorable opportunities for market expansion. The International Energy Agency (IEA) stated the global sales of electric cars in 2021 soared up to 6.6 million, bringing the total number of electric cars on the road to 16.5 million.
  • Emergence of 5G Technology and IoT Devices – Penetration of the 5G network has increased wireless communication, ultra-fast speeds, low latency, and high reliability of IoT (Internet of Things), augmented reality, mission-critical services, cloud solutions, and others. This factor is anticipated to favor the growth of the semiconductor manufacturing equipment market in the upcoming years for the smooth functioning of the devices and networks. The number of 5G subscriptions around the world is estimated to reach 6 billion by 2027.
  • Increased Demand for Semiconductors – Almost every electronic including computers, laptops, mobile phones, tablets, televisions, video games, kitchen appliances, and others includes semiconductors. This factor is anticipated to expel the semiconductor manufacturing equipment market value in the forecasted timeline. In 2022, global semiconductor sales reached around USD 620 billion.
  • Rise in Digital Supply Chain – A digitalized supply chain uses data analytics and digital technologies that smoothens the process and improves performance through the use of semiconductor which subsequently helps in semiconductor manufacturing equipment market expansion in the future.

Challenges

  • Rising Complexity of Patterns and Functional Defeats in Semiconductor Chips – The production process of semiconductors requires a highly clean room and equipment as even one tiny dust particle can hamper the overall semiconductor manufacturing setup. Also, the reduced size and increased complexity of semiconductor chips have resulted in the complexity of the design. This factor is anticipated to hinder market growth in the forecast period.
  • Lack of Skilled Workforce Around the World
  • Disruption in Supply Chains

Semiconductor Manufacturing Equipment Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~7%

Base Year Market Size (2022)

~ USD 95 Billion

Forecast Year Market Size (2035)

~ USD 160 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Semiconductor Manufacturing Equipment Segmentation

Equipment (Front-End Equipment, Back-End Equipment, Fab Facility Equipment)

The front-end equipment segment in the semiconductor manufacturing equipment market is anticipated to generate the largest revenue share by the end of 2035 and holds 41% share, owing to its high demand from the fabrication facilities which helps in exposing critical layers of wafers which results in reduced manufacturing costs of semiconductor devices. In addition, key players operating in the market along with some other regulatory bodies are funding the development of innovative front-end equipment.

Dimension (2D, 2.5D, 3D)

The 3D segment is set to hold 46% share of the semiconductor manufacturing equipment market through the forecasted timeframe. The primary reason for segment size expansion is the rising pressure on chipmakers to meet the surging demand for chipsets, IC manufacturers are focusing on the development of advanced chip packaging technologies such as 3D ICs. 3D dimension of semiconductors is also good at creating wafers that help the manufacturers develop memory storage devices and reduce footprint.

Our in-depth analysis of the global market includes the following segments:

               Equipment

  Front-End Equipment

  • Lithography
  • DUV
  • EUV
  • Water Surface Conditioning
  • Etching
  • Chemical Mechanical
  • Planarization
  • Water Cleaning
  • Single-Wafer Spray
  • Single-Wafer Cryogenic
  • Batch Immersion Cleaning
  • Batch Spray Cleaning
  • Scrubber
  • Deposition
  • PVD
  • CVD

  Back-End Equipment

  • Assembly & Packaging
  • Dicing
  • Metrology
  • Bonding
  • Wafer Testing

  Fab Facility Equipment

  • Automation
  • Chemical Control
  • Gas Control

               Product

  • Memory
  • Foundry
  • Logic
  • MPU
  • Discrete
  • Analog
  • MEMS 

                 Dimension

  • 2D
  • 2.5D
  • 3D

                 Supply Chain Participant

  • IDM Firms
  • OSAT Companies
  • Foundries

 


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Semiconductor Manufacturing Equipment Industry - Regional Synopsis

APAC Market Analysis

The Asia Pacific semiconductor manufacturing equipment market is projected to be the largest with a share of about 35% by the end of the forecast period owing to the presence of a large number of semiconductor and electronics manufacturers in the region. Furthermore, the high utilization rate of smart devices and electronics primarily in countries such as China, India, Taiwan, and Japan has surged the demand for semiconductor manufacturing equipment. As per data by the India Brand Equity Foundation, by the end of 2025, the Indian electronics manufacturing industry is estimated to reach USD 520 billion.

North American Market Forecast

The North American semiconductor manufacturing equipment market is set to hold 24% of the revenue share by the end of the projected timeframe. The rapid growth of the semiconductor sector in the region along with the escalation in the usage of 5G, Internet of Things, AI, big data, cloud, and others. The United States semiconductor industry contributed USD 240 billion to the country’s gross domestic product (GDP) in 2020.

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Semiconductor Manufacturing Equipment Market Size
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Companies Dominating the Semiconductor Manufacturing Equipment Market

top-features-companies
    • Applied Materials, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Advantest Corporation
    • Tokyo Electron Limited
    • Lam Research Corporation
    • ASML
    • KLA Corporation
    • SCREEN Semiconductor Solutions Co., Ltd. (Dainippon Screen Mfg. Co., Ltd.)
    • Teradyne, Inc.
    • Hitachi, Ltd.
    • Onto Innovation Inc.

In-the-news

In The News

  • Applied Materials, Inc. has announced its latest eBeam metrology system that is aimed to precisely measure the critical dimensions of semiconductor device features patterned with EUV and emerging High-NA EUV lithography.
  • Ja Advantest Corporation has decided to acquire Shin Puu Technology Co., Ltd. The acquisition is aimed at expanding its manufacturing footprint for high-end test boards

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5058
  • Published Date: Jun 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growth of the semiconductor industry and the rising trend of health wearables are estimated to majorly boost the market growth.

The market size of semiconductor manufacturing equipment is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Applied Materials, Inc., Advantest Corporation, Tokyo Electron Limited, Lam Research Corporation, ASML, KLA Corporation, SCREEN Semiconductor Solutions Co., Ltd. (Dainippon Screen Mfg. Co., Ltd.), Teradyne, Inc., Hitachi, Ltd., Onto Innovation Inc., and other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by equipment, product, dimension, supply chain participant, and by region.

The front-end equipment segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Rising concern regarding the complexity of patterns in semiconductor chips along with the lack of skilled workforce and the disruption in supply chains are estimated to be the growth-hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Semiconductor Manufacturing Equipment Market Report Scope
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