PUBLISHER: Allied Market Research | PRODUCT CODE: 1225029
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225029
The global semiconductor production equipment market was valued at $87,879.3 million in 2021, and is projected to reach $209,929.7 million by 2031, registering a CAGR of 9.0% from 2022 to 2031. Semiconductor manufacturing is a challenging procedure that ensures the quality of a variety of semiconductor devices. Semiconductor manufacturing equipment is used for producing semiconductor part assembly, overall device testing, and wafer fabrication. Surge in demand for electronics and gadget services has aided the growth of the semiconductor manufacturing equipment market significantly.
The global semiconductor manufacturing equipment market is anticipated to benefit from increased demand for semiconductors for implementing in IoT devices, smart devices, robots, automated systems, and othersduring the projection period. In addition, China's developing chip sector, and the growing number of data centers and servers are also expected to positively influence market growth. Moreover, market's growth is hampered by high equipment costs and maintenance. Contrarily, the development of the domestic semiconductor industries across the countries is expected to provide lucrative growth opportunities.
Various key players are improving their product portfolio by launching latest and most advanced technology semiconductor production equipment and also strengthening market position by implementing various strategic moves such as acquisition, business expansion, and product launch. For instance, in November 2022, ASML Holdings, a leading global supplier of chipmaking machinery, announced plans for a factory in New Taipei City to support international customers and the development of the semiconductor industry. Thus, these strategic moves by key players are expected to increase the demand for semiconductor production equipment in the market during forecast period.
The semiconductor production equipment market is segmented on the basis of product type, function, dimension, supply chain process, and region. By product type, the market is divided into front end equipment and back end equipment. By function, it is bifurcated into integrated Circuits and OSD. By dimension, it is classified into 2 Dimension, 2.5 Dimension, and 3 Dimension. By supply chain process, the market is fragmented into IDM, OSAT, and foundry. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and Rest of Europe), Asia-Pacific (China, Taiwan, South Korea, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players profiled in the study include AlsilMaterial, Applied Materials Inc., ASML Holdings N.V., KLA Corporation, Nikon Corporation, Onto Innovation, Inc, Screen Holdings Co., Ltd., Teradyne Inc., Carl Zeiss AG, and Veeco Instruments Inc.
Key Benefits For Stakeholders
By SUPPLY CHAIN PROCESS
By PRODUCT TYPE
By FUNCTION
By DIMENSION
By Region