Wafer Processing Equipment Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033

The new report published by The Business Research Company, titled Wafer Processing Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
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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