PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100670
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100670
The global semiconductor production equipment market was worth USD 7,080.5 million in 2021, growing at an 8.0% CAGR during the forecast period.
Semiconductor production equipment is used to create semiconductor circuits, memory chips, and other components. Semiconductors are materials that contain free electrons that can easily pass between atoms, allowing electricity to flow more freely. Wafer fabrication equipment is used early in the semiconductor manufacturing process, while testing and assembly equipment is utilized afterward.
Semiconductors are increasingly being used in a variety of applications, including vehicles and smart devices. This is hastening the market for semiconductor fabrication machines. For example, semiconductors are used in self-driving, networked, and electric vehicles. A normal vehicle, for example, has approximately USD 330 in semiconductor value, whereas a hybrid electric vehicle with a fully integrated sensors platform contains between USD 1000 and 3500 in semiconductor value. As a result, rising demand for semiconductors in autonomous and hybrid vehicles is expected to drive revenue in the semiconductor production equipment market. Furthermore, deep learning chips, a subset of total artificial intelligence systems, are one of the primary market contributors. For example, the artificial intelligence semiconductor industry was valued at roughly USD 17 billion in 2017 and is predicted to reach USD 65 billion by 2025, according to the United States International Trade Commission. The market is being supplemented by the impact of such a developing trend in the semiconductor industry.
Furthermore, the development of more advanced products and manufacturing methods for applications in end-use industries has resulted in significant growth in semiconductor demand. Because of ongoing improvements in products such as cars, medical devices, smart gadgets, smart homes, and wearables, semiconductor integration has become a prevalent factor.
The Semiconductor Production Equipment market is segmented on the basis of equipment type, dimension type, application, and region.
The market is further divided into front-end equipment and back-end equipment based on equipment type. Because of the existence of large manufacturers selling these systems, the front-end equipment segment is poised to dominate the semiconductor manufacturing equipment market. Furthermore, according to the Semiconductor Industry Association, the majority of the cost of a chip is spent on designing and manufacturing semiconductors. This semiconductor production system market trend is predicted to peg a large share for the high-end equipment sector, augmenting industry growth. With the development of novel packaging solutions and severe rules and regulations for product testing, the back-end equipment segment is likely to gain a significant market share.
The market is divided into three categories based on dimensions: 2D, 2.5D, and 3D.
The 3D category is likely to grow at the fastest rate, propelling the semiconductor production equipment market forward in the near future. This increase is due to advancements in technological trends, such as the use of 3D integrated circuits (IC) for improved performance. Furthermore, the design of 3D integrated circuits is projected to emerge as a promising approach for overcoming the constraints of traditional geometrical scaling.
In terms of application, the industry is bifurcated into semiconductor electronics manufacturing, semiconductor fabrication plant/foundry, and test home.
In the coming years, the semiconductor electronic manufacturing and test home industries are likely to increase at a rapid pace. This is due to a growing knowledge of semiconductor testing and component testing, as well as the strict regulations and standards for packaging diverse items.
As products become increasingly complicated in response to increased technical demands, prominent corporations are proactively engaging in R&D efforts. Canon, for example, invested over USD 3 billion in 2017 to enable the continuing development of innovative goods and services. In addition, important businesses are working on product portfolio expansion techniques such as mergers & acquisitions, and collaborations. For example, in 2016, ZEISS expanded its collaboration with ASML to deliver the next generation EUV lithography technology for generating high-performance microchips at a cheaper cost.
The scope of this report covers the market by its major segments, which include as follows: