Global Semiconductor Manufacturing Equipment Market Size, By Dimension (2D, 2.5D, 3D), By Product (Front-end Equipment), By Supply Chain Process (OSAT, IDM, Foundry), COVID-19 Impact Analysis, Regional Analysis, Growth Potential, Price Trends, Competitive

Global Semiconductor Manufacturing Equipment Market Size, By Dimension (2D, 2.5D, 3D), By Product (Front-end Equipment), By Supply Chain Process (OSAT, IDM, Foundry), COVID-19 Impact Analysis, Regional Analysis, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2027

Global Semiconductor Manufacturing Equipment Market

Global Semiconductor Manufacturing Equipment was valued at US$ 71,320.00 Mn in 2021, estimated to reach US$ 137,380.00 Mn in 2027, with a CAGR of 8.41% from 2022-2027.

Semiconductors are materials with free electrons in their structures which can easily travel between atoms, allowing electricity to flow more freely. Wafer fabrication equipment is used in the early stages of semiconductor manufacturing process whereas testing & assembly equipment are used in the latter stages.

Market Drivers

Growing demand for semiconductor fabrication facilities is expected to propel the growth of global semiconductor manufacturing equipment market. From past few years, the increase in demand for semiconductors has led front-end semiconductor fabrication facilities, or fabs, to run above 80% capacity utilization, with some fabs running as high as 90 to 100%. However, as semiconductors are extremely complicated to fabricate, increasing the semiconductor capacity utilization takes time. The semiconductor industry is significantly increasing fab capacity utilization to meet the increased demand during the current global chip shortage.

For instance, as per the World Fab Forecast published in June 2021 by SEMI, semiconductor manufacturers started the construction of 19 new high-volume fabs in 2021 & the construction of another 10 high-volume fabs is anticipated in 2022. The growth in the number of fabs is mainly to meet the accelerating demand for chips across a wide range of markets.

Market Restraints

Complexity of patterns and functional defects may hamper the global semiconductor manufacturing equipment market over the forecast period. Some of the common semiconductor defects comprise the defects associated with the raw materials used, electronics in chips, and mechanical integrity. Semiconductor manufacturing process requires innovative technologies at the fabrication stage to produce high-quality semiconductors.

The complexity of patterns raised due to the presence of multiple patterns on a chip at a very small scale, which requires high accuracy for transferring accurate data to the chip. The constant efforts to reduce the size & increase the density of semiconductor chips have resulted in the complexity of wafers, which ultimately decreases lithography wavelength. The reduction in node size would make photomasks & wafers more complex, consequently resulting in the need for new semiconductor manufacturing equipment.

Market Segmentation

Global Semiconductor Manufacturing Equipment Market is segmented into dimension such as 2D, 2.5D, and 3D. Also, the market is segmented into product such as Front-end Equipment (Lithography, Polishing & Grinding, Water Surface Conditioning Equipment, and Others), Back-end equipment (Wafer Manufacturing Equipment, Assembly & Packaging Equipment, Test Equipment, and Others). Further, market is segmented into supply chain process such as OSAT, IDM, And Foundry.

Regional Analysis

Geographically, Semiconductor Manufacturing Equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Based on region, APAC held the largest share in 2021 and it is expected to account for the highest CAGR of the semiconductor manufacturing equipment market by 2027.After Asia Pacific Europe is estimated to portray the largest CAGR of 8.50% during the forecast period. The Increasing investments by IDM companies to establish new manufacturing facilities. In Europe Region, the integrated device manufacturer (IDM) segment in the semiconductor manufacturing equipment market captured 48.78% of revenue share in 2021.

Key Players

Applied Materials, Inc, ASML, Cohu, Inc, EV Group (EVG), Hitachi High-Tech Corporation, KLA Corporation, Modutek Corporation, Nordson Corporation, Onto Innovation, Plasma-Therm, etc.

Market Taxonomy

By Dimension

• 2D
• 2.5D
• 3D

By Product Type

• Front-end Equipment

Lithography

Polishing & Grinding

Water Surface Conditioning Equipment

Others

• Back-end equipment

Wafer Manufacturing Equipment

Assembly & Packaging Equipment

Test Equipment

Others

By Supply Chain Process

• OSAT
• IDM
• Foundry

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa