Market revenue in 2023 | USD 1,289.5 million |
Market revenue in 2030 | USD 2,367.1 million |
Growth rate | 9.1% (CAGR from 2023 to 2030) |
Largest segment | Front-end |
Fastest growing segment | Front-end |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Front-end, Back-end |
Key market players worldwide | Applied Materials Inc, Lam Research Corp, KLA Corp, ASML Holding NV ADR, Tokyo Electron Ltd, Advantest Corp, Screen Holdings Co Ltd, Cohu Inc, ACM Research Inc Class A, Nordson Corp, EV Short Duration Diversified, Ferrotec Holdings Corp, Tokyo Seimitsu, Modutek |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to semiconductor manufacturing equipment market will help companies and investors design strategic landscapes.
Front-end was the largest segment with a revenue share of 72.68% in 2023. Horizon Databook has segmented the India semiconductor manufacturing equipment market based on front-end, back-end covering the revenue growth of each sub-segment from 2018 to 2030.
The country has been developing its semiconductor industry ever since COVID-19 adversely impacted the business, resulting in chip shortages in the global markets. In December 2021, automotive manufacturers such as Tata Motors announced it was experiencing a semiconductor shortage and that it would impact the deliveries of its cars.
To tackle this shortage, in December 2021, the Indian government introduced a USD10 billion package to incentivize investment in semiconductor manufacturing, assembly, testing, packaging, and design. India continued its foray into the semiconductor business in 2022 and is striving to become one of the largest global producers catering to critical applications, as well as the high-volume automotive industry.
For instance, in February 2022, the Vedanta-Foxconn JV selected the state of Gujarat for its semiconductor project. The project includes display and semiconductor facilities near the largest city of Ahmadabad, Gujarat, for an investment of USD 18.03 billion.
Horizon Databook provides a detailed overview of country-level data and insights on the India semiconductor manufacturing equipment market , including forecasts for subscribers. This country databook contains high-level insights into India semiconductor manufacturing equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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