Global Semiconductor Manufacturing Equipment Market Analysis & Trends - Industry Forecast to 2030

Global Semiconductor Manufacturing Equipment Market Analysis & Trends - Industry Forecast to 2030

Semiconductor Manufacturing Equipment: Market Size

From $143.28 billion in 2024, the global Semiconductor Manufacturing Equipment Market is projected to reach $290.47 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 12.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising penetration of 5g and IOT devices, government initiatives to propel semiconductor industry and increasing demand for chipsets in computing and AI applications.

Global Semiconductor Manufacturing Equipment Market: Market Dynamics

With the growing usage of semiconductors in electric, connected, and autonomous vehicles, rising inclination toward the adoption of advanced packaging technology across integrated devices manufacturers (IDMs) are propelling the market growth. Moreover, growing demand for power-efficient semiconductors from medial applications, increasing demand for electrification in vehicles and proliferation of electric vehicles worldwide, rising demand for advanced and miniaturized semiconductor components in consumer electronics, technological advancements in a lithography process, rising penetration of 5G and IoT devices, government initiatives to propel semiconductor industry in the North America & Asia Pacific and growing demand for power-efficient semiconductor from medial applications are factors driving the market growth.

On the other hand, the functional defects and complexity in pattern for advanced chipsets and high purchase and maintenance cost are likely to obstruct the profit boundaries. In addition, governments of different countries have been exploring and formulating various plans for the growth of the semiconductor industry domestically will further boost the Semiconductor Manufacturing Equipment market.

Impact of COVID-19 on Semiconductor Manufacturing Equipment

The COVID-19 pandemic has halted the production of many items in the semiconductor production equipment business. Market companies can afford a complete lockdown only for a limited period, after which they would have to change their investment plans. Moreover, the number of COVID-19 cases is expected to reduce in the near term as a vaccine for COVID-19 has been introduced in the market. This is further expected to lead to the re-initiation of semiconductor production equipment companies at their full-scale capacities, which would aid the market to recover. In early 2020, the supply chain for the semiconductor industry was heavily impacted attributed to prolonged lockdowns imposed by governments and regulatory bodies across the globe. This factor has severely hindered the market potential for semiconductor manufacturing equipment providers. The demand for desktop/PCs, laptops, tablets, and smartphones witnessed a rapid increase due to the increasing work-from-home scenario.

By Front - End Equipment

Lithography Equipment Segment Dominate the Market in 2024

The Lithography Equipment segment made huge revenue in 2024 and growing its prominence during the forecast period, owing to the globally growing demand for semiconductor devices. Lithography equipment used to create patterns on printed circuit boards and build micro-electro-mechanical systems (MEMS). The rising demand for semiconductor chips across numerous end-use industries leads to the increased adoption of photolithography equipment, which, in turn, propels the growth of the segment.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period, owing to the cyclical resumption of growth in the semiconductor industry and the expansion of the equipment manufacturers operating in the province. One of the major factors for this expansion is the financial support that Asian governments are extending to this industry. Additionally, the market is driven by continuous developments in the semiconductor industry, expansion activities by the market players in the area, and financial support for the semiconductor industry by Asian governments. The province also has the presence of several semiconductor manufacturing equipment companies.

List of the Key Players Profiled in the Market Include:

• Applied Materials, Inc.
• ASM International
• Canon Machinery Inc.
• Dainippon Screen Group
• Ferrotec Holdings Corporation
• Hitachi High-Technologies Corporation
• KLA Corporation
• Lam Research Corporation
• Tokyo Electron Limited
• Veeco Instruments Inc.

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others