PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462914
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462914
Semiconductor Capital Equipment Market size was valued at USD 79,823 Million in 2023, expanding at a CAGR of 6.9% from 2024 to 2032.
Manufacturers and market makers engaged in the production of electronic devices make up the semiconductor capital equipment industry. Silicon wafer fabrication techniques such as photolithography, deposition, ion implantation, cleaning, etching, back grinding, and chemical and mechanical polishing are included in the front-end process. As a result, it covers the entire semiconductor equipment manufacturing process up till testing. The market for semiconductor capital equipment is impacted by the development and expanding use of portable digital devices, including smartphones, tablets, smart wearables, and display panels. The current situation requires the development of chemical mechanical planarization to change the wafer's thickness.
Semiconductor Capital Equipment Market- Market Dynamics
Growing number of semiconductor fabrication to propel market demand
The increasing number of fabs is one of the main drivers propelling industry expansion in the semiconductor capital equipment market. Fabrication facilities known as semiconductor fabs produce a variety of semiconductor devices and parts. ICs are either produced by foundries using designs supplied by clients, or they are designed internally by companies known as IDMs. The growing number of applications for numerous emerging technologies, like AI and the Internet of Things, is driving up demand for semiconductor components. Consequently, the need for silicon wafers to produce semiconductor components is rising. Building more fabs will be necessary to do this. The extremely competitive semiconductor market is another reason why many businesses are constructing new factories. Building new fabs has been pushed by the race to introduce a new technology before competitors have done so. Capital equipment for semiconductors will be required due to the growing demand for integrated circuits (ICs) in a variety of cutting-edge applications, including robotics and autonomous vehicles.
Semiconductor Capital Equipment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.9% over the forecast period (2024-2032)
Based on type segmentation, the Wafer Level Manufacturing Equipment segment is expected to dominate the market over the forecast period
Based on the industry vertical segmentation, the Consumer Electronics segment is expected to dominate the market during the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Semiconductor Capital Equipment Market is segmented based on Type, Application, Industry Vertical, and Region.
Based on the type, the market is categorized into Automated Test Equipment, Assembly Equipment and Wafer Level Manufacturing Equipment. The Wafer Level Manufacturing Equipment segment is expected to dominate the market over the forecast period. This category contains tools used in etching, chemical mechanical planarization (CMP), cleaning, thin layer deposition, ion implantation, and other wafer fabrication procedures. These devices are crucial for changing and sculpting semiconductor wafers' surface characteristics. Thus, this is expected to propel the segment growth.
Based on the application, the market is divided into Surface Conditioning, Wafer Processing, Chemical Vapor Deposition, Chemical Mechanical Planarization and Assembly and Packaging Equipment.
Based on the industry vertical, the industry is divided into Healthcare, Consumer Electronics, Automotive and IT & Telecommunication. The Consumer Electronics segment is expected to dominate the market during the forecast period. The segment expansion is attributed to the growing penetration of smart devices and increasing incorporation of these devices in several sector such as healthcare, automotive and others.
Semiconductor Capital Equipment Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to hold the majority of market share during the forecast period. The U.S. market is anticipated to develop due to investments made by end users in the healthcare, real estate, and other sectors, as well as raw materials and dual-use products. In an effort to improve their product lines and grow their clientele, industry players have merged or formed alliances with tech companies. Some of the top semiconductor firms in the world, such as Texas Instruments, Intel, Qualcomm, Nvidia, and AMD, are based in North America. Due to their continued investments in R&D and product development to stay competitive in the global semiconductor market, these corporations are the key drivers of the increasing demand for semiconductor capital equipment. When it comes to consumer electronics, automotive, healthcare, and aerospace industries, North America is a frontrunner in the adoption of cutting-edge technologies. referred to as approval This is increasing the need for cutting-edge semiconductor manufacturing machinery that can provide the high-performance chips needed for this application.
The key players in the market are Hitachi High-Technologies, Concurrent Design, Inc, Applied Materials, Inc, EV Group, Advantest, ASML Holding, Tokyo Electron Limited, AMEC, Lam Research Corporation, ACCRETECH - Tokyo Seimitsu. These players adopted various strategies such as product launch, expansion, investment, collaboration, and others to obtain the maximum market share of the market.
In June 2023, the largest and fastest-growing secondhand semiconductor equipment marketplace in the world, Moov, has announced that it will be showcasing new product features at this year's SEMICON West conference and exhibition in San Francisco. A novel tool discovery process can be automated by fabrication facilities with the help of a feature that will be introduced at Semicon West. When a match is posted on Moov's marketplace, buyers can automatically receive notifications. They can also submit tool specifications, criteria, and priorities. A further feature will provide semiconductor producers with exclusive data about secondary market demand and possible resale pricing, as well as a more efficient way to handle large quantities of surplus equipment.
GLOBAL SEMICONDUCTOR CAPITAL EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Hitachi High-Technologies
Concurrent Design, Inc
Applied Materials, Inc
EV Group
Advantest
ASML Holding
Tokyo Electron Limited
AMEC
Lam Research Corporation
ACCRETECH - Tokyo Seimitsu