Global Semiconductor Manufacturing Equipment Market - 2023-2030

Market Overview

The Global Semiconductor Manufacturing Equipment Market reached US$ 80.6 billion in 2022 and is expected to reach US$ 142.22 billion by 2030, growing with a CAGR of 9.5% during the forecast period 2023-2030.

The Semiconductor Manufacturing Equipment Market is driven by the demand for consumer electronics, such as smartphones, tablets and laptops, as well as the growing need for semiconductors in industrial and automotive applications. The market is also driven by technological advancements, such as the development of smaller and more powerful chips and the emergence of new materials and processes.

Asia-Pacific predominantly holds more than 50% of the Global Semiconductor Manufacturing Equipment Market due to its huge electrical and electronic industry base. China is among the fastest-growing country in the region, followed by India, Japan and the rest of Asia-Pacific countries.

Market Dynamics

New Avenues from Hybrid and Electric Vehicles

As the demand for semiconductors in automotive and industrial applications continues to grow, the demand for semiconductor manufacturing equipment also increases. This is because the manufacturing of semiconductors for these applications requires advanced and specialized equipment, such as equipment for power electronics, sensor manufacturing and microcontrollers.

The increasing demand for semiconductor manufacturing equipment in automotive and industrial applications is expected to continue driving the growth of the semiconductor equipment manufacturing market in the coming years. This trend is expected to be particularly pronounced in emerging markets, where the adoption of electronic systems in automotive and industrial applications is proliferating.

Cyclical Nature of the Semiconductor Industry

During periods of high demand, semiconductor manufacturers invest in new equipment to increase their capacity and meet the demand. However, when the demand drops, there is excess capacity and the semiconductor manufacturers may postpone or cancel their plans to invest in new equipment. This can lead to a decrease in the demand for semiconductor manufacturing equipment, which can affect the growth and development of the market.

Furthermore, the cyclical nature of the semiconductor industry can also result in fluctuations in the prices of semiconductors. During periods of high demand, the prices of semiconductors can increase, leading to an increase in the demand for semiconductor manufacturing equipment. However, during periods of low demand, the prices of semiconductors can decrease, leading to a decrease in the demand for semiconductor manufacturing equipment.

COVID-19 Impact Analysis

The pandemic caused fluctuations in demand for semiconductor devices. While the demand for consumer electronics, such as laptops, tablets, and gaming consoles, increased due to remote work and entertainment needs, other sectors like automotive and industrial faced a decline in demand. These demand shifts impacted the investment decisions of semiconductor manufacturers, leading to uncertainties in equipment purchases.

Segment Analysis

The Global Semiconductor Manufacturing Equipment Market is segmented based on equipment, dimension, application and region.

Industry Consolidation And Increasing Investment In R&D

The semiconductor industry is characterized by high levels of consolidation, with a few major players dominating the market. These major players typically invest heavily in front-end equipment to maintain their competitive edge, which drives the growth of the front-end equipment market.

Developing new and advanced front-end equipment requires significant investment in research and development. As semiconductor manufacturers continue to invest in R&D, this drives the development of new and advanced front-end equipment, contributing to the growth of the global semiconductor equipment manufacturing market.

Geographical Analysis

Asia-Pacific's Growing Electronic Industry Coupled With a Large Amount Of Skilled Workforce

The Asia-Pacific has a large pool of skilled workers, particularly in countries like Japan and South Korea. This skilled workforce is critical for developing and producing advanced semiconductor equipment, which drives the growth of the semiconductor equipment manufacturing market in the region.

Emerging markets in the Asia-Pacific, such as India and Southeast Asia, are rapidly expanding their electronics manufacturing capabilities. This presents a significant opportunity for semiconductor equipment manufacturers to expand their businesses and tap into new markets.

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.

Why Purchase the Report?

• To visualize the Global Semiconductor Manufacturing Equipment Market segmentation based on equipment, 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 semiconductor manufacturing equipment market-level data points 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.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies