Global Semiconductor Manufacturing Equipment Market Research Report: Forecast (2024-2030)

Market Definition

Semiconductor manufacturing equipment includes machinery and tools used in the production of semiconductor devices such as integrated circuits (ICs), microchips, and other electronic components. These tools are essential throughout the semiconductor manufacturing process, from the initial creation of wafers to the final packaging of integrated circuits. Wafer processing, lithography, etching, deposition, and testing, are all part of the semiconductor manufacturing process.

Market Insights & Analysis: Global Semiconductor Manufacturing Equipment Market (2024-30)

The Global Semiconductor Manufacturing Equipment Market size was valued at around USD 89.11 billion in 2023 and is estimated to grow at a CAGR of about 8.66% during the forecast period, i.e., 2024-30. The market is poised for growth owing to increased demand for miniature devices & enhanced functionalities in electronic products like smartphones, laptops, and digital cameras. The semiconductor demand is on the rise due to complex IC designs requiring more semiconductor implants for IC manufacturing, which reduces costs and enriches the final product's operational value.

The surge in the need for consumer electronics is attributed to rising disposable incomes, spurring the need for advanced electronic products in workplaces, daily routines, and entertainment. This upgrade is expected to drive semiconductor demand and market growth in the foreseeable future. Moreover, the evolution of cloud technology, the expansion of 5G networks, and the increasing demand for connected vehicles are anticipated to support the growth of semiconductor manufacturing equipment. Consumers are willing to invest more in advanced gadgets, leading to various business models like usage-based, subscription-based, and outcome-based, enabling broader access to expensive equipment.

Furthermore, end-users, particularly companies expanding their semiconductor production capacity, are expected to fuel market growth. The demand for semiconductor solutions has risen across industries, such as smartphones, tablets, and smart TVs, prompting a need for more advanced and power-efficient semiconductor chips. This demand surge is expected to drive the Semiconductor Manufacturing Equipment Market.

Additionally, industries are increasingly adopting automation & robotics, relying on specialized semiconductors for process control and equipment monitoring. These trends are anticipated to drive market growth. Besides, the synergy between 5G and IoT technologies is also fueling demand for more advanced semiconductor components, enhancing the Global Semiconductor Manufacturing Equipment Market share in the coming years.

Global Semiconductor Manufacturing Equipment Market Driver:

Escalating Demand for Wireless Technology & Manufacturing Sector to Fuel Market Expansion – The industry has seen a rising utilization of semiconductor components, IC chips, and logic circuits across autonomous systems, connected devices, consumer electronics, home appliances, and electric vehicles. Moreover, the increased automation in the automotive sector has driven the need for lithographic systems and semiconductor chips, expected to drive the demand for manufacturing machinery for semiconductor components and thereby augment the growth of the Semiconductor Manufacturing Equipment Market.

Additionally, there's a notable trend in adopting SIC wafers (semi-insulating carbide wafers) in the telecommunications industry for constructing 5G networks in various economies like India, the US, etc. This aspect is set to elevate the demand for manufacturing equipment. The surge in demand for smart cities and smart homes, which escalates the need for IC chips and components, is another factor contributing to the growth of the Semiconductor Manufacturing Equipment Market.

Global Semiconductor Manufacturing Equipment Market Opportunity:

Surge of Digital Supply Chains Worldwide to Create New Avenues – A digital supply chain relies on data analytics & digital tools to enhance decision-making, optimize performance, and respond promptly to changing scenarios. These digital supply networks harness data derived from existing supply chains, stored in data repositories, and analyzed for valuable insights. Moreover, to initiate the digitalization process, traditional supply chain management technologies, such as demand planning, asset management, warehouse & logistics management, procurement, and order fulfillment, need comprehensive integration. However, to digitalize a supply chain, it's crucial to extract data from these operations and equip them with instrumentation to provide the necessary data.

Additionally, semiconductor companies can leverage technology & applications to capture precise data and analytics across all supply chain stages, enabling swift, data-driven decision-making, thus fostering growth in the Semiconductor Manufacturing Equipment Market in the years ahead.

Global Semiconductor Manufacturing Equipment Market Challenge:

Limitations of Design Patterns to Hinder Market Expansion – The semiconductor production process demands a perfect environment to avoid dust particle interference, which can significantly disrupt manufacturing operations, resulting in substantial losses for companies. Furthermore, supply chain delays caused by semiconductor manufacturing defects pose challenges for vendors & manufacturers, acting as a hindrance to the progress of the Semiconductor Manufacturing Equipment Market.

In addition, intricate design patterns, necessitating precision in transferring intricate data onto chips within confined spaces, add complexity. Moreover, increased demand for SIC wafers in various dimensions reduces the lithography equipment's wavelength capability, contributing to market growth constraints.

Global Semiconductor Manufacturing Equipment Market (2024-30): Segmentation Analysis

The Global Semiconductor Manufacturing Equipment Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. In accordance to the analysis, the market has been further classified as:

Based on Product Type:

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

During 2022, the Memory segment held the primary position in the Global Semiconductor Manufacturing Equipment Market, and this trend is expected to persist in the coming years. This dominance is a result of several factors: the heightened adoption of memory devices in automotive applications, including infotainment systems and advanced safety features, the decreasing cost of memory devices, and the growing utilization of memory in electronic devices.

Moreover, increased investments in research and development aimed at enhancing the efficiency of existing and future memory devices further drive the demand for this segment in the global market.

Based on Dimensions:

• 2D
• 5D
• 3D

In the past period, the 3D semiconductor manufacturing equipment segment emerged as the dominant force in the Semiconductor Manufacturing Equipment Market and would flourish in the projected years as well. Technological advancements in manufacturing semiconductor devices and equipment significantly contributed to the growth of this segment. The widespread utilization of 3D integrated circuits within the semiconductor manufacturing equipment market has been a pivotal factor, expected to reshape the market dynamics by influencing the design and development of these circuits.

Global Semiconductor Manufacturing Equipment Market (2024-30): Regional Projection

Geographically, the Global Semiconductor Manufacturing Equipment Market expands across:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Asia-Pacific region is set to claim a considerable share of the Global Semiconductor Manufacturing Equipment Market during the forecast period. This area is primarily concentrated in specific nations, with minimal sales outside these pivotal markets. China, in particular, has risen as a key producer of mature semiconductor technologies, backed by governmental emphasis on economic growth and technological progress. The estimates suggest that China would contribute around 40% of the world's new capacity by 2030.

Moreover, Japan's semiconductor equipment growth is being fueled by the increased adoption of smart electronic devices, opening up new manufacturing prospects. Also, Taiwan is expected to lead global spending on front-end chip manufacturing equipment this year due to strong chip demand in vehicles and high-performance computing devices, as per insights from the international trade group SEMI.

Furthermore, the growth in the automotive and consumer electronics sectors is anticipated to spur demand for SIC wafers and IC chips. Additionally, the significant presence of suppliers in India and South Korea is set to contribute positively to the expansion of the Asia-Pacific Semiconductor Manufacturing Equipment Market.

Global Semiconductor Manufacturing Equipment Industry Recent Development:

• April 2023: Applied Materials, Inc. unveiled VeritySEM 10, a novel eBeam metrology system engineered for accurately measuring the crucial dimensions of semiconductor device features created using EUV and the emerging High-NA EUV lithography.
• March 2023: CREEN PE Solutions Co., Ltd., a subsidiary of SCREEN Holdings Co., Ltd., introduced the Ledia 7F-L direct imaging system. This latest model was developed by SCREEN PE to cater to the rising need for precise pattern creation on large-scale substrates and metal masks, specifically targeting applications in the telecommunications and IoT infrastructure sectors.

Gain a Competitive Edge with Our Global Semiconductor Manufacturing Equipment Market Report

• Global Semiconductor Manufacturing Equipment Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Semiconductor Manufacturing Equipment Industry Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.