PUBLISHER: SkyQuest | PRODUCT CODE: 1270736
PUBLISHER: SkyQuest | PRODUCT CODE: 1270736
Global Semiconductor Production Equipment Market size was valued at USD 87.9 billion in 2021 and is poised to grow from USD 95.81 billion in 2022 to USD 208.09 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).
The global semiconductor production equipment market refers to the industry that produces equipment used in the fabrication of integrated circuits (ICs) and other microdevices. This equipment includes wafer-processing equipment, assembly and packaging equipment, testing equipment, and other related machinery. The market is driven by increasing demand for consumer electronics, such as smartphones, tablets, and computers, which rely heavily on semiconductor components. Additionally, advancements in semiconductor technology, including the development of new materials and processes, continue to drive demand for new and improved production equipment.
Top-down and bottom-up approaches were used to estimate and validate the size of Semiconductor Production Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Semiconductor Production Equipment Market is segmented based on equipment type, product type, application, fabrication process, supply chain process, function, and region. Based on Equipment Type, it is categorized into Front-end Equipment and Back-end Equipment. Based on Product Type, it is categorized into Dicing Machine, Probing Machines, Sliced Wafer Demounting, Cleaning Machine, Wafer Edge Grinding Machine, and Polish Grinders. Based on Application, it is categorized into Semiconductor Fabrication Plant/Foundry, Semiconductor Electronics Manufacturing and Test Home. Based on Fabrication Process, it is categorized into Automation, Chemical Control Equipment, Gas Control Equipment, and Others. Based on Supply Chain Process, it is categorized into Outsourced Semiconductor Assembly and Test (OSAT), Integrated Device Manufacturer (IDM), and Foundry. Based on function, the market is segmented into Integrated and OSD. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Driver
In order to maintain their competitiveness, companies such as Western Digital, Samsung Electronics, Micron Technology, Intel, SK Hynix, and Toshiba are investing in new production facilities as the demand for semiconductor chips continues to rise. This has led to advancements in fabrication facilities, providing opportunities for suppliers to expand their product offerings. As manufacturers invest in these facilities, there is an expected increase in the production of semiconductor chips. The release of semiconductor chips for consumer electronics products is also expected to contribute to the growth of the semiconductor equipment industry.
Restrain
The semiconductor equipment market may face challenges during the forecast period due to the cyclical nature of the industry. This results in increased operational costs for suppliers during downturns in the industry, such as poor demand, overcapacity, and price wars. Capital investments made by semiconductor equipment suppliers can also lead to increased operational costs and subsequently impact the demand for semiconductor machinery. Currently, the market is experiencing a decrease in sales, delays in financial reporting, and excess inventories due to fewer sales, delivery delays, or order cancellations. Additionally, weak demand has resulted in price wars, further impacting the gross margins of suppliers.
Trend
The semiconductor equipment market is being influenced by the growing adoption of hybrid and electric vehicles, which is predicted to increase by 40% annually. The use of semiconductors as components in electric cars is driving the growth of the global market for semiconductor manufacturing equipment.