Semiconductor Manufacturing Equipment Market To Reach $175.2 Billion By 2030

Semiconductor Manufacturing Equipment Market Growth & Trends

The global semiconductor manufacturing equipment market size is expected to reach USD 175.2 billion by 2030, registering a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The surging adoption of connected devices, as a result of the development of contemporary technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and cloud computing for numerous applications, is expected to enhance the demand for semiconductor manufacturing equipment.

The products made by utilizing semiconductor manufacturing equipment include IC chips, circuits, semiconductor wafers, memory chips, and other products. The market for semiconductor manufacturing equipment is anticipated to witness significant growth as a result of the rising use of semiconductor equipment in connected devices, such as laptops, smartphones, tablets, and smart home products, and in the automotive sector.

The demand for consumer electronics is escalating globally, which can be connected to the surging need for user-friendly electronic products and the expanding residential market. Optoelectronics, MEMS, and MOEMS devices are used in the mass production of electronic items in China and Taiwan, including smartphones, wearables, and white goods.

Majorly the production equipment utilized to make semiconductors is referred to as front-end equipment. These pieces of equipment include ones for the manufacture of silicon wafers, photolithography, deposition, etching, ion implantation, mechanical polishing machines, and many others. The increased demand for highly efficient and dense semiconductors for CPUs, GPUs, IoT devices, and other devices is largely responsible for the strong demand for front-end equipment.

The semiconductor manufacturing equipment sector is prominent in the Asia Pacific region due to numerous equipment manufacturing industries in economies like China, Taiwan, Japan, etc., which observe global demand. This is expected to keep Asia Pacific in the top spot during the projected period.

The market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage. The presence of local players in the region poses a significant threat to large multinational companies in terms of product quality and prices offered to customers.

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Semiconductor Manufacturing Equipment Market Report Highlights

• The front-end segment led the market and accounted for a revenue share of 73.4% in 2023. It is anticipated to grow at a CAGR of 8.0% from 2023 to 2030, in terms of revenue, due to escalating demand for IC chips and logic circuits for different end-users, and the surging number of electronic products manufacturers

• the 2.5D segment led the market and accounted for a revenue share of 39.5% in 2023 to be driven by the increasing demand for semiconductors on a single chip due to the rise in consumer preference for pocket-friendly products

• the semiconductor fabrication plant/foundry segment led the market and accounted for a revenue share of 46.9% in 2023., on account of the escalating demand for circuits from the manufacturers of electronic devices, medical devices, and automotive

• Asia Pacific led the market and accounted for a revenue share of 68.4% in 2023, attributed to the effective supply chain of semiconductor devices like discrete devices, circuits, logic circuits, etc. Furthermore, there are numerous raw material suppliers in South Korea, and India is expected to fuel the market growth from 2023 to 2030

• Semiconductor manufacturing equipment manufacturers focus on collaborations, mergers, acquisitions, and partnerships to expand their product portfolios and increase their production capacities as well as consumer base. For instance, in March 2023, Tokyo Electronic announced the plan to open a new manufacturing facility named Tohoku Production and Logistics Center at Tohoku Office to fulfill the surging demand for semiconductors globally

Semiconductor Manufacturing Equipment Market Segmentation

Grand View Research has segmented the global semiconductor manufacturing equipment market on the basis of process, dimension, application, and region:

Semiconductor Manufacturing Equipment Process Outlook (Revenue, USD Billion, 2018 - 2030)

• Front-end

  • Deposition

    • ALD (Atomic Layer Deposition)

    • CVD (Chemical Vapor Deposition)

    • Others

  • Lithography

    • DUV

    • EUV

  • Etch

    • Plasma Etch System

    • Gas Chemical Etch System

  • Cleaning

    • Single Wafer Cleaning System

    • Scrubber System

    • Single Wafer Cryokinetic Cleaning System

    • Batch Spray Cleaning System

    • Others

  • Testing

    • Multi-cell Test System

    • Wafer/Dicing Frame Prober

    • Others

• Back-end

  • Packaging

  • Testing

Semiconductor Manufacturing Equipment Dimension Outlook (Revenue, USD Billion, 2018 - 2030)

• 2D

• 2.5D

• 3D

Semiconductor Manufacturing Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Semiconductor Electronics Manufacturing

• Semiconductor Fabrication Plant/Foundry

• Testing & Inspection

Semiconductor Manufacturing Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • UK

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Malaysia

  • Taiwan

• Central & South America

  • Brazil

• Middle East & Africa

  • Israel

  • South Africa

List of Key Players in the Semiconductor Manufacturing Equipment Market

• Applied Materials Inc.

• Lam Research Corporation

• KLA Corporation

• ASML

• Tokyo Electron Limited

• Advantest Corporation

• SCREEN Semiconductor Solutions Co., Ltd.

• Cohu, Inc.

• ACM Research Inc.

• Nordson Corporation

• Tokyo Seimitsu Co., Ltd.

• EV Group (EVG)

• Modutek Corporation

• Dainippon Screen Group

• Ferrotec Holdings Corporation