South Korea Semiconductor Manufacturing Equipment Market Size & Outlook
South Korea semiconductor manufacturing equipment market, 2018-2030 (US$M)
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South Korea semiconductor manufacturing equipment market highlights
- The South Korea semiconductor manufacturing equipment market generated a revenue of USD 12,716.3 million in 2023 and is expected to reach USD 22,179.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, front-end was the largest revenue generating process in 2023.
- Front-end is the most lucrative process segment registering the fastest growth during the forecast period.
Semiconductor manufacturing equipment market data book summary
| Market revenue in 2023 | USD 12,716.3 million |
| Market revenue in 2030 | USD 22,179.3 million |
| Growth rate | 8.3% (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 |
Other key industry trends
- In terms of revenue, South Korea accounted for 12.3% of the global semiconductor manufacturing equipment market in 2023.
- Country-wise, Taiwan is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Taiwan semiconductor manufacturing equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 29,262.1 million by 2030.
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Semiconductor Manufacturing Equipment Market Scope
Semiconductor Manufacturing Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea semiconductor manufacturing equipment market outlook
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 73.48% in 2023. Horizon Databook has segmented the South Korea semiconductor manufacturing equipment market based on front-end, back-end covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of South Korea continued investments to strengthen the semiconductor industry and enable it to become highly competitive at the global level. Similarly, in line with the Chips Act in the U.S. and Europe, the Government of South Korea also introduced a new Act to support the growth of its semiconductors industry amid the U.S.- China trade war and resultant sanctions imposed by them against each other.
The proposed legislation, referred to as the K-Chips Act, aims to enhance the tax credit for businesses investing in manufacturing facilities in the country. As such, leading companies in South Korea are expected to benefit from this surge in the tax credit from 8% to 15%, while small- and medium-sized companies in the country are expected to experience a tax break increase from 16% to 25%.
The goal of the K-Chips Act is to encourage domestic investments in the manufacturing industry in South Korea and enable companies based in the country to remain competitive and expand their share in the global market.
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Our clientele includes a mix of semiconductor manufacturing equipment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea semiconductor manufacturing equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea semiconductor manufacturing equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea semiconductor manufacturing equipment market size, by process, 2018-2030 (US$M)
South Korea Semiconductor Manufacturing Equipment Market Outlook Share, 2023 & 2030 (US$M)
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