Semiconductor Manufacturing Equipment Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Panasonic Corporation, Canon Machinery Inc., Applied Materials Inc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Semiconductor Manufacturing Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $172.48 billion In 2028 At A CAGR Of 10.3% :

The semiconductor manufacturing equipment market size has grown strongly in recent years. It will grow from $106.07 billion in 2023 to $116.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to demand for electronics, research and development, consumer electronics trends, automotive electronics, globalization of manufacturing.

The semiconductor manufacturing equipment market size is expected to see rapid growth in the next few years. It will grow to $172.48 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to 5G technology deployment, artificial intelligence (AI) integration, Internet of things (IoT) expansion, electric vehicles (EVs), supply chain resilience. Major trends in the forecast period include increased automation and robotics integration, focus on green manufacturing practices, development of advanced metrology and inspection tools, growth in semiconductor packaging technologies, collaborations for research and development.

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Semiconductor Manufacturing Equipment Market Major Segments
The semiconductor manufacturing equipments market covered in this report is segmented -

1) By Product Type: Memory, Foundry, Logic, MPU (Microprocessors), Discrete, Analog, MEMS (Micro-Electromechanical Systems)
2) By Equipment Type: Front End Equipment, Back End Equipment
3) By Dimension: 2D, 2.5D, 3D
4) By Application: Semiconductor Fabrication Plant Or Foundry, Semiconductor Electronics Manufacturing, Test Home

Key Driver - Surging Demand For Consumer Electronics Propels Growth In Semiconductor Manufacturing Equipment Market

The increasing consumption of consumer electronics is expected to propel the growth of the semiconductor manufacturing equipment market going forward. Consumer electronics (CE) refers to any home equipment, gadgets, communication devices, or digital devices such as mobile devices, TVs, laptops and computers intended for daily home usage for non-commercial or professional purposes. The semiconductor manufacturing equipment is used in the manufacturing of electronic components such as microprocessors and memory devices, as well as testing and evaluating the quality of consumer electronics. For instance, according to the National Retail Federation, a US-based retail trade association, the November-December holiday season of 2022 saw an increase in retail sales of 5.3% to $936.3 billion, while sales of electronics increased by almost five times. Further, according to the India Brand Equity Foundation, an Indian government export promotion agency, the consumer electronics industry is expected to reach $21.18 billion by 2025. Therefore, the increasing consumption of consumer electronics is driving the growth of the semiconductor manufacturing equipment market.

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Prominent Trend - Innovative Products Propel Growth In The Semiconductor Manufacturing Equipment Market

Technological advancements are a key trend in the semiconductor manufacturing equipment market that is gaining popularity due to an increase in research and development in the market. Major companies operating in the semiconductor manufacturing equipment market are focused on developing innovative products and focusing on new technology to sustain their position in the market. For instance, in June 2022, Hitachi High-Tech Corporation, a Japan-based trading company focused on electronic devices and industrial machinery and materials, launched its Hitachi Dark Field Wafer Defect Inspection System DI2800 based on scattering-intensity simulation technology to optimize the illumination and detection optics, enabling highly sensitive inspection of patterned-wafer defects developed during the manufacturing process. It has a detection sensitivity of 0.1-mcm standard particle size on mirrored wafers.

Semiconductor Manufacturing Equipment Market Players
Major companies operating in the semiconductor manufacturing equipment market report are Panasonic Corporation, Canon Machinery Inc., Applied Materials Inc., NEC Corporation, ASML Holding N.V., Lam Research Corporation, Tokyo Electron Ltd., KLA Corporation, GlobalFoundries Inc. Advantest Corporation, MKS Instruments Inc., Teradyne Inc., Oerlikon Group, ASM International, JSR Corporation, Onto Innovation Inc., Ferrotec Holdings Corporation, Tokyo Seimitsu Co Ltd., FormFactor Inc., AMEC plc, Veeco Instruments Inc., Plasma-Therm LLC, Hitachi High-Tech Group., Dainippon Screen Mfg. Co Ltd., SVXR LLC, Novellus Systems Inc., AMI Semiconductor Inc., SVS Inc., DNSO SAS, SPTS Technologies Ltd.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the semiconductor manufacturing equipment market in 2023. The regions covered in the semiconductor manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Semiconductor Manufacturing Equipment Market Report Structure
3. Semiconductor Manufacturing Equipment Market Trends And Strategies
4. Semiconductor Manufacturing Equipment Market - Macro Economic Scenario
5. Semiconductor Manufacturing Equipment Market Size And Growth
…..
27. Semiconductor Manufacturing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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