Global Semiconductor Manufacturing Equipment Market: Insights and Forecast to 2030


Posted August 12, 2024 by Harshal

The Semiconductor Manufacturing Equipment Market is expected to reach $171.6 billion by 2030, at a CAGR of 6% during the forecast period of 2024–2030.

 
Meticulous Research® has released its latest report titled, ‘Semiconductor Manufacturing Equipment Market, by Front-end Equipment (Silicon Wafer Manufacturing, Wafer Fabrication), Back-end Equipment (Testing, Assembling & Packaging), Dimension, Component, End User, and Geography - Global Forecast to 2030.’

The report projects that the global semiconductor manufacturing equipment market will grow at a Compound Annual Growth Rate (CAGR) of 6% from 2024 to 2030, reaching an estimated $171.6 billion by 2030. This growth is fueled by rapid technological advancements, increasing consumer adoption of connected devices, a surge in semiconductor demand, and the expansion of fabrication facilities. The rising use of semiconductors in electric vehicle (EV) production also contributes to this growth. Key trends include the adoption of 5G technology and autonomous vehicles. However, market growth may be hindered by supply chain disruptions from the COVID-19 pandemic and challenges related to developing user-friendly designs. Opportunities exist in government initiatives supporting the semiconductor industry and the expanding use of connected devices in home automation.

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Market Segmentation:
• By Type: The market is divided into front-end and back-end equipment. Front-end equipment includes silicon wafer manufacturing, wafer fabrication, and other types, while back-end equipment covers testing, assembling & packaging, and other types. In 2022, front-end equipment held a larger market share and is expected to experience the highest growth rate due to the rising consumer electronics market, increasing foundries, and higher demand for electric and hybrid vehicles.

• By Dimension: The market is segmented into 2D, 2.5D, and 3D dimensions. The 3D segment led the market in 2022 and is projected to grow the fastest. This is attributed to the need for automated design steps, enhanced functionalities, miniaturization of portable devices, rapid prototyping, and faster product development.

• By Component: Components include memory, logic, analog, microprocessing units (MPUs), optical devices, discrete devices, microcontroller units (MCUs), sensors, and digital signal processors (DSPs). In 2022, the memory segment was the largest and is expected to grow the fastest, driven by increased use in automotive systems, decreasing memory prices, and rising demand in electronic devices.

• By End User: The market is segmented into integrated device manufacturers (IDMs), foundries, and outsourced semiconductor assembly & test (OSAT). In 2022, IDMs held the largest market share and are anticipated to grow the fastest due to their significant presence, increasing consumer electronics consumption, and the need for design and foundry services.

• By Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific held the largest market share in 2022 and is expected to see rapid growth due to rising semiconductor demand, growth in automotive and industrial electronics, IoT device proliferation, the presence of major players in Taiwan and China, and strong government support for the semiconductor sector.

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Key Players:
Prominent players in the semiconductor manufacturing equipment market include Tokyo Electron Limited (Japan), Lam Research Corporation (U.S.), SCREEN Holdings Co., Ltd. (Japan), Teradyne, Inc. (U.S.), Advantest Corporation (Japan), Hitachi High-Tech Corporation (Japan), Applied Materials, Inc. (U.S.), KLA Corporation (U.S.), Plasma-Therm (U.S.), ASML (Netherlands), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Ferrotec Holdings Corporation (Japan), Canon Machinery Inc. (Japan), Veeco Instruments Inc. (U.S.), Onto Innovation Inc. (U.S.), Nordson Corporation (U.S.), and Tokyo Seimitsu Co., Ltd. (Japan).

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Issued By Harshal
Country United States
Categories Business , Manufacturing , Semiconductors
Tags semiconductor manufacturing equipment market , semiconductor manufacturing equipment market size , semiconductor manufacturing equipment market share , semiconductor manufacturing equipment market growth
Last Updated August 12, 2024