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Semiconductor Manufacturing Equipment Market Grows Amid Tech Boom: Comprehensive Analysis of Market Size, Trends, and Competitive Landscape
Semiconductor Manufacturing Equipment Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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