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Semiconductor Machinery Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Semiconductor Machinery Market
The Business Research Company offers in-depth market insights through Semiconductor Machinery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The semiconductor machinery market size has grown strongly in recent years. It will grow from $162.44 billion in 2023 to $174.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing demand for electronic devices, growing automotive electronics, demand for energy efficiency, expansion of data centers, government initiatives.
The semiconductor machinery market size is expected to see strong growth in the next few years. It will grow to $225.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to iot and connectivity, 5g and connectivity expansion, miniaturization of semiconductor chips, increasing adoption of sustainable manufacturing practices, growing demand for high-purity and high-performance materials . Major trends in the forecast period include advanced packaging technologies, extreme ultraviolet (euv) lithography, smart manufacturing and industry 4.0, sustainability and green manufacturing, collaborative robotics.
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Market Segmentation:
The main types of semiconductor machinery are front-end equipment, back-end equipment, and fab facility equipment. The front-end equipment in semiconductor machinery refers to the machinery that is used for the packaging, testing, and assembly of integrated circuits. The various products include memory, foundry, logic, mpu, discrete, analog, mems, and other products. The various supply chain includes osat companies, IDM firms, and foundries. These are used in an integrated circuits, discrete devices, optoelectronic devices, and sensors.
Major Driver - Rising Electric Vehicle Demand Boosts Semiconductor Machinery Market
The growing demand for electric vehicles is a key factor driving the growth of the semiconductor machinery market. The demand for electric cars is increasing attributed to the surge in the number of charging stations across the globe. The advances in the semiconductor industry give the potential for longer battery life for electric vehicles. In addition to improving the operational appeal of electric vehicles, the commercialization of this innovation also offers a prime business opportunity for semiconductor manufacturers. According to the annual Global Electric Vehicle Outlook 2022, an annual report published by International Energy Agency (IEA), an intergovernmental organisation, the sales of electric cars including fully electric and plug-in hybrids were doubled in 2021 to reach new record of 6.6 million. In 2021, electric cacloor sales were nearly tripled to 3.3 million in China, accounting for about half of the global total. Therefore, the growing demand for electric vehicles is expected to drive the growth of the semiconductor machinery market.
Competitive Landscape:
Major companies operating in the semiconductor machinery market include ASML Holding N.V., Tokyo Electron Ltd, Lam Research Corp, Applied Materials Inc., KLA-Tencor Corp, SCREEN Holdings Co. Ltd., Teradyne Inc., Toshiba Corporation, Danaher Corporation, Advantest Corporation., ASYS Group, Axcelis Technologies Inc., Brooks Automation Inc., Canon Inc., Disco Corporation, Edwards Limited, Hitachi High-Technologies Corporation, Nikon Corporation, Nova Measuring Instruments Ltd., Onto Innovation Inc., Orbotech Ltd., Plasma-Therm LLC, Rudolph Technologies Inc., SPTS Technologies Ltd., Ultratech Inc., Veeco Instruments Inc., Xcerra Corporation, Yield Engineering Systems Inc., Zygo Corporation, Siconnex Customized Solutions GmbH, SÜSS MicroTec SE
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Top Trend - Innovative Semiconductor Wafer Transfer Robots Enhance Market Competitiveness
Major companies operating in the semiconductor machinery market are innovating new technological products, such as semiconductor wafer transfer robots to increase their profitability in the market. Semiconductor wafer transfer robots are made particularly for the semiconductor industry to automate the process of moving wafers between cassettes, boats, and process equipment. For instance, in August 2023, Nidec Sankyo Corporation, a Japan-based electrical component manufacturing company launched a new semiconductor wafer transfer robot. With the ability to switch between four cassettes located in the front and back portions, the new semiconductor wafer transfer robot may increase the effectiveness of the semiconductor production process.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Semiconductor Machinery Market Characteristics
3. Semiconductor Machinery Market Trends And Strategies
4. Semiconductor Machinery Market - Macro Economic Scenario
5. Semiconductor Machinery Market Size And Growth
…..
27. Semiconductor Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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