Wafer Processing Equipment Market: Industry Demand, Technological Advancements, and Future Projections

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.

Wafer Processing 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 $195.16 billion In 2028 At A CAGR Of 6.2% :

The wafer processing equipment market size has grown strongly in recent years. It will grow from $143.62 billion in 2023 to $153.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing consumer electronics, industrial automation and iot, economic factors.

The wafer processing equipment market size is expected to see strong growth in the next few years. It will grow to $195.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to 5g technology, artificial intelligence (ai), electric vehicles (evs), environmental concerns, semiconductor shortages. Major trends in the forecast period include technological advancements, research and development, ai and machine learning integration, miniaturization and wafer size, mergers and acquisitions.

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Wafer Processing Equipment Market Major Segments
The wafer processing equipment market covered in this report is segmented -

1) By Equipment Type: Oxidation Systems, Diffusion Systems, Epitaxial Reactors, Photolithography Equipment, Other Equipment Types
2) By Application: MEMS, RFID, CMOS Image Sensor, Other Applications
3) By End Use: Medical, Military, Solar, Industrial, Other End Uses

Key Driver - Surging Demand For Consumer Electronic Devices To Drive Wafer Processing Equipment Market Growth

Increasing demand for consumer electronic devices is expected to boost the growth of the wafer processing equipment market. An increase in the demand for electronic products has raised customer expectations regarding the improved characteristics of new electronic devices. Several consumer electronics and identity solutions, including identification tags, smart cards, and more, are combined with RFIDs and use wafers for the fabrication of integrated circuits. There is an increasing demand for these ultra-smooth surfaces and thinner wafers by customers for smooth incorporation into electronic devices. For instance, in October 2022, according to a press release published by Apple Inc., a US-based consumer electronics company, the company's September 2022 quarter record revenue was $90.1 billion, up 8% year over year, and quarterly earnings per diluted share were $1.29, up 4% year over year. Apple's annual revenue was $394.3 billion, up 8% year over year. In addition to this, rising utilization and consumption of consumer electronic devices are likely to fuel the demand for semiconductors, which in turn is expected to propel revenues for the wafer processing equipment market during the forecast period.

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Prominent Trend - Rising Demand For Miniaturized Wafers Enhances Device Performance

Growing demand for miniaturized wafers with the improved performance of devices is a leading trend in the wafer processing equipment market. Semiconductor substrates such as wafers are thinned down to final thicknesses of tens of µm. Most of the semiconductor wafers such as those used in memory, CIS, and power applications are thinned down to 100 µm-200 µm. Further thickness reduction with the necessity to maximize the memory capacity of single packages, improved data transfer rates, and power consumption mostly fueled by mobile applications is required in the case of memory devices. Standard memory devices such as 2D NAND/DRAM use silicon wafers that are thicker than 200 µm. By 2025, 3D stacked DRAM thickness is expected to keep reducing from 50 µm - 30 µm thick silicon substrates. Currently, BSI CIS wafers are the thinnest wafers across all applications with a thickness below 10 µm. Thus, ultra-smooth surfaces and thinner wafers for incorporation into the devices are continuously gaining popularity in recent years.

Wafer Processing Equipment Market Players
Major companies operating in the wafer processing equipment market include Lam Research Corporation, Tokyo Electron Limited, Applied Materials Inc., SPTS Technologies Limited, Plasma-Therm LLC, Disco Corporation, Tokyo Seimitsu Co. Ltd., KLA-Tencor Corporation, Hitachi Kokusai Electronic Inc., Taiwan Semiconductor Manufacturing Company Limited, Nikon Corporation, Samsung Electronics Co. Ltd., SCREEN Semiconductor Solutions Co. Ltd., EV Group, Advantest Corporation, ASML Holding NV, KLA Corporation, Canon Inc., Axcelis Technologies Inc., Teradyne Inc., Kokusai Electric Corp., ASM International NV, ATS Automation Tooling Systems Inc., Tokyo Electron Limited, Screen Holdings Co. Ltd., Onto Innovation Inc., Veeco Instruments Inc., Mattson Technology Inc., Aixtron SE, Nordson Corporation

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the wafer processing equipment market in 2023. Western Europe was the second-largest region in the wafer processing equipment market. The regions covered in the wafer processing 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. Wafer Processing Equipment Market Report Structure
3. Wafer Processing Equipment Market Trends And Strategies
4. Wafer Processing Equipment Market - Macro Economic Scenario
5. Wafer Processing Equipment Market Size And Growth
…..
27. Wafer Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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