Semiconductor Manufacturing Equipment Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Semiconductor Manufacturing Equipment Market is Segmented By Equipment (Front-end Equipment, Back-end Equipment), By Dimension (2D, 2.5D, 3D), By Application (Foundry, Memory, Logic, MPU, Discrete, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Semiconductor Manufacturing Equipment Market Overview

The global semiconductor manufacturing equipment market reached at a CAGR of 9.5% during the forecast period (2024-2031).

Semiconductor manufacturing equipment refers to the machines and tools used in the fabrication of integrated circuits (ICs), which are the building blocks of electronic devices. These machines and tools are used in various stages of the manufacturing process, such as wafer processing, assembly and packaging, and testing. The major types of semiconductor manufacturing equipment include lithography, etching, cleaning, inspection, deposition, and testing equipment. Lithography equipment is used to transfer the pattern of a circuit onto a silicon wafer, while etching equipment is used to remove unwanted materials from the wafer.

Semiconductor Manufacturing Equipment Market Scope

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Semiconductor Manufacturing Equipment Market Dynamics

Increasing demand for automotive and industrial applications

The increasing demand for automotive and industrial applications is one of the driving factors in the global semiconductor equipment manufacturing market. As more and more automotive and industrial applications become reliant on electronics, the demand for semiconductors has increased significantly. For instance, electric and hybrid vehicles require a large number of semiconductors to manage and control their advanced features and components, such as batteries, electric motors and power electronics. Similarly, smart factories and the Internet of Things (IoT) require a large number of semiconductors to power their connected devices and systems.

The cyclical nature of the semiconductor industry

The cyclical nature of the semiconductor industry is one of the restraining factors in the global semiconductor equipment manufacturer market. The semiconductor industry is subject to cyclical fluctuations, with periods of high demand followed by periods of low demand. These fluctuations can result in uncertainties in the market and affect the demand for semiconductor manufacturing equipment. The cyclicality of the semiconductor industry can create uncertainties and challenges for semiconductor equipment manufacturers, particularly in terms of managing their production capacity and balancing their investments. As a result, the cyclical nature of the semiconductor industry is a restraining factor in the global semiconductor equipment manufacturer market.

Semiconductor Manufacturing Equipment Market Segment Analysis

The global semiconductor manufacturing equipment market is segmented based on equipment type, dimension, application, and region.

The technological advancements and increasing demand for electronics contributes to the growth in the global market

Front-end equipment contributes significantly to the growth of the global semiconductor equipment manufacturing market for several reasons. Front-end equipment plays a critical role in the development of advanced semiconductor technologies. As the demand for advanced technology increases, the need for more sophisticated front-end equipment also grows. This drives innovation and the development of new and advanced front-end equipment, which contributes to the growth of the global semiconductor equipment manufacturing market.

The demand for electronic devices continues to increase, which drives the demand for semiconductors and front-end equipment. The development of new and innovative electronic devices, such as smartphones, tablets, wearables and IoT devices, requires the use of advanced semiconductors and front-end equipment.

Source: DataM Intelligence Analysis (2023)

Semiconductor Manufacturing Equipment Market Geographical Penetration

Increasing demand for electronic devices

The Asia-Pacific is home to some of the world's largest consumer electronics markets, including China, Japan, and South Korea. The increasing demand for electronic devices in these markets drives the demand for semiconductors and semiconductor equipment, including front-end and back-end equipment. The Asia-Pacific has world's largest semiconductor manufacturers, such as Samsung, TSMC, and SK Hynix. These companies have been investing heavily in new fabs and expanding their production capacities, which drives the demand for semiconductor equipment in the region.

Source: DataM Intelligence Analysis (2023)

Semiconductor Manufacturing Equipment Market Competitive Landscape

The major global players include Applied Materials Inc., ASML Holding N.V., Tokyo Electron Limited, Lam Research Corporation, KLA Corporation, Hitachi High-Technologies Corporation, Screen Holdings Co., Ltd., Advantest Corporation, Teradyne Inc. and Nikon Corporation.

COVID-19 Impact Analysis

By Equipment Type

• Front-end Equipment
  • Lithography Equipment
  • Water Surface Conditioning Equipment
  • Wafer Cleaning Equipment
  • Others
• Back-end Equipment
  • Assembly and Packaging
  • Dicing
  • Metrology
  • Bonding
  • Others

By Dimension

• 2D
• 2.5D
• 3D

By Application

• Foundry
• Memory
• Logic
• MPU
• Discrete
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2022, A new technology for detecting particles and faults on non-patterned wafer surfaces, the LS9600, has been introduced by Hitachi High-Tech Corporation. It has a new high-output, short-wavelength laser that increases throughput at the sensitivity levels necessary for the mass manufacture of cutting-edge semiconductor devices by around 2.6 times in comparison to our previous generation systems. With the launch of this product, Hitachi High-Tech will support customers' semiconductor device mass manufacturing by assisting in yield enhancement and cutting inspection expenses.
• In October 2022, To transport machinery for the manufacturing of semiconductors and other precise technologies on intra-Asian trades, Nippon Express has introduced a number of new containers. The six temperature-controlled containers will initially be used on Ro-Ro exchanges between China, Japan, and South Korea. They are meant to convey precision equipment that requires strict temperature and humidity controls in transit.
• In May 2021, Applied Materials Inc. has introduced an optical semiconductor inspection device that makes use of new advanced technologies including Big data and Artificial Intelligence (AI). In semiconductor manufacturing facilities, these devices are used to autonomously inspect chips and find vulnerabilities in IC chips. Electronics devices employ these chips.

Why Purchase the Report?

• To visualize the global semiconductor manufacturing equipment market segmentation based on equipment type, dimension, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of semiconductor manufacturing equipment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global semiconductor manufacturing equipment market report would provide approximately 61 tables, 59 figures, and 180 Pages.