Semiconductor Equipment Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Key Players are KLA Corporation and Lam Research Corporation.

Semiconductor Equipment Market is expected to grow at a CAGR of 3.95% to reach a market size worth US$133.114 billion by 2028.

The prime factors propelling the growth of the semiconductor equipment market are the development of 5G wireless network services and the growing consumption of semiconductors by the consumer electronics sector.

As per the study, the semiconductor equipment market is expected to witness modest growth over the forecast period.

Several variables, such as the steady growth in demand for affordable and high-performance semiconductors, are impacting the market growth. The introduction of the 5G network and the evolution of wireless network technology are the key elements predicted to drive the market. The increasing adoption of 5G will pave the way for technological advancements, including the Internet of Things, fixed wireless access, augmented reality, and mission-critical services, which will accelerate the growth of the semiconductor equipment market.

Further, a significant portion of the market growth for semiconductor equipment emerges from the sector of consumer electronics since the majority of the aspects of the electronic industry employ semiconductors for their functioning. In addition, a surge in demand for portable electronics such as wearable technology, smartphones, and laptops is expanding the consumer electronics sector, further increasing the need for semiconductor equipment to manufacture these products. For example, in 2021, 6.3 billion smartphone subscriptions contributed to approximately 77% of all mobile phone subscriptions. Further, this number is expected to increase to 7.8 billion, contributing to around 87% of all mobile users by 2027. Therefore, the increased consumption of smartphones in consumer electronics is expected to boost the growth of semiconductor equipment over the forecast period.

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The semiconductor equipment market is segmented into different types of equipment, end-users, and geographical regions.

The market has been classified into back-end and front-end equipment by equipment type.

Depending on the end-users of semiconductor equipment, the classification has been done into foundries, OSAT companies, and IDM firms. The OSAT companies and foundries segments are expected to hold prominent shares of the semiconductor equipment market. OSAT companies offer independent semiconductor assembly, packaging, and testing services. OSAT companies have contributed significantly to the semiconductor industry by overcoming the differences in availability and IC designs. The increase in the employment of semiconductor devices in the automotive and other industries, including microcontrollers, sensors, and radar chips, is growing the expansion potential for OSAT and semiconductor foundries.

By region, the Asia Pacific is expected to retain a substantial market share and effective high-tech semiconductor equipment tools production by several Asian countries such as China and South Korea. In addition, the Chinese government is highlighting the semiconductor industry as an engine for economic growth and technical leadership. For example, Teradyne Inc., a well-known manufacturer of automated test equipment, declared in April 2022 that Nations Technologies, a well-known Chinese manufacturer of microcontroller units (MCUs) and security integrated circuit (IC) chips, had received the 7,000th unit of its J750 semiconductor test platform.

The semiconductor foundry hub in South Korea and other major economies are boosting their investments and offering incentives to increase the semiconductor equipment market presence in various Asia Pacific domains. For instance, the South Korean Ministry of Trade, Industry, and Energy stated in May 2021 that chip shipments are expected to reach USD 200 billion by 2030. Therefore, the expansion of the semiconductor equipment market in the Asia Pacific region will be aided by these advancements and investments in semiconductors over the forecast period.

As a part of the study, major players covered in the semiconductor equipment market are Applied Materials Inc, ASML Holding Semiconductor Company, Tokyo Electron Limited, KLA Corporation, Lam Research Corporation, Hitachi Corporation, Teradyne Inc, and SCREEN Semiconductor Solutions Co Ltd.

This semiconductor equipment market has been analyzed into the following segments:

• By Equipment Type

o Front-end Equipment
o Back-end Equipment

• By End-User

o Foundries
o IDM Firms
o OSAT Companies

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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This release was published on openPR.