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  • Semiconductor Manufacturing Equipment Market revenue to reach $200 Bnby 2032

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    As per the report by Global Market Insights, Inc. “Worldwide Semiconductor Manufacturing Equipment Market was valued at USD 100 billion in 2022 and will surpass a revenue collection of USD 200 billion by 2032 with an annual growth rate of 5% over 2023 to 2032.”

    The market growth is owing to the surging demand for advanced consumer electronic products. The product adoption has further encouraged foundries and assembly providers to make additional investments to develop semiconductor manufacturing equipment to keep up with the recent technological trends.

    To cite an instance, in July 2020, Foxconn, the global electronics manufacturer, announced that it will open a new advanced semiconductor assembly and test facility in Qingdao, China. The latest initiative is likely to accelerate the company’s chip production for AI and 5G devices.

    Key companies are vying for partnerships and acquisitions to profit from the ongoing trends in the market. For instance, in September 2022, EVG Group (EVG) and Toppan Photomask Co. Ltd. collaborated to promote nanoimprint lithography as a high-volume production process for the industry. The partnership aims to boost the chip manufacturing equipment industry, given the fact that both these firms are market leaders.

    Overall, the semiconductor manufacturing equipment market is bifurcated in terms of product, dimension, supply-chain process, and region.

    Considering the product, wafer manufacturing equipment segment is slated to amass considerable gains through 2032, driven by mounting demand for contract packaging in consumer electronics industry. The segment held 22% market share in 2022. The equipment is critical for removing surface contamination and oxidized layers and chemical deposition to enhance the semiconductor wafer quality. Some of the prominent wafer manufacturing equipment includes, Chemical Vapor Deposition, oxidation systems, Physical Vapor Deposition systems, and epitaxial reactors.

    Based on the dimension, the semiconductor manufacturing equipment market from 2D segment is expected to grow at more than 5% CAGR from 2023 to 2032, driven by its exceptional attributes including minimal cost, less production complexity, and faster delivery when compared to other dimensions. The 2D dimension technology is widely implemented in the production of DRAM and 2D-planar MRAM memory devices, which will drive the market in the upcoming time.

    With respect to the supply-chain process, the IDM segment held more than 45% market share in 2022. The segmental growth can be attributed to the uptick in investments by IDM companies to strengthen their R&D initiatives for high-tech and miniaturized products. To meet the substantial demand from all market verticals, IDM businesses are primarily focused on the design, development and production of chipsets, ICs, sensors, System on Chip (SoC), RFID circuits, microcontrollers, and others.

    From the regional outlook, the North America semiconductor manufacturing equipment market is projected to grow at more than 6% CAGR from 2023 to 2032, fueled by the rising number of semiconductor foundries and IDMs in the region. Furthermore, high investments from major global firms owing to favorable government norms supporting the electronics and semiconductor industry are likely to foster the regional growth.

    Source: https://www.gminsights.com/industry-analysis/semiconductor-manufacturing-equipment-market

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