Semiconductor Manufacturing Equipment Market Size

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.

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 â€“ 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 Size