Semiconductor Manufacturing Equipment Market Set for Remarkable Growth US$ 211.24 Billion With an Impressive CAGR 7.6% From 2025 to 2034

The global semiconductor manufacturing equipment market is anticipated to grow significantly, according to the newly published research report by Polaris Market Research. The market was valued at USD 101.78 billion in 2024 and is projected to grow to USD 211.24 billion by 2034. This growth signifies a robust compound annual growth rate (CAGR) of 7.6% over the forecast period, 2025-2034.

Market Overview:
Semiconductor manufacturing equipment refers to the tools and machinery used to produce semiconductor devices, including memory chips and integrated circuits. Over time, the semiconductor industry has experienced significant growth, becoming crucial for powering the devices we rely on daily. Semiconductor chips serve as the foundation for modern technology, driving everything from smartphones and laptops to advanced medical devices and automotive electronics.

Electronic circuits are typically constructed on a wafer made of pure single-crystal semiconductor material, most commonly silicon. Various manufacturing processes, including deposition, etching, patterning, and electrical property adjustments, are employed to create these circuits. Given the importance of ensuring high yields and reliable performance of microchips, the semiconductor industry is highly automated, with precision and efficiency being key factors in meeting production demands.

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Market Drivers:
Growing Demand for Advanced Electronics:
The growing demand for progressive electronics involving smartphones, IoT gadgets, and AI-fuelled systems is notably contributing to the market growth. The escalating requirement for high-performance, energy-efficient, and miniaturized components has encouraged manufacturers to fund massively in advanced fabrication techniques such as extreme ultraviolet (EUV) lithography and progressive packaging solutions. This, in turn, is having a favourable impact on semiconductor manufacturing equipment market sales.

Rising Government Initiatives:
Government enterprises and funding targeted at pushing semiconductor production in regions such as North America, Europe, and Asia Pacific play an important part in driving the growing demand for semiconductor manufacturing equipment.

Major Market Players:
The market players have adopted strategies such as product instigations, acquisitions, and business augmentation to enhance the product portfolio of semiconductor manufacturing machines.

Major companies are noted below:
• Advantest Corporation
• Applied Materials Inc.
• ASML
• Cohu, Inc.
• Dainippon Screen Group
• EV Group (EVG)
• KLA Corporation
• Lam Research Corporation
• SCREEN Semiconductor Solutions Co., Ltd.
• Tokyo Electron Limited

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Semiconductor Manufacturing Equipment Market Report Highlights:
• In terms of product type, in 2024, the logic segment accounted for the largest market share due to the surging demand for high-performance computing, artificial intelligence, and advanced data center operations.

• Based on dimension, in 2024, the 2D ICs segment accounted for the largest share due to the maturity of traditional fabrication processes and the extensive infrastructure supporting planar technologies.

• In 2024, the Asia Pacific held the largest market share due to the presence of an extensive, vertically integrated semiconductor supply chain anchored by countries such as Taiwan, South Korea, Japan, and China.

• The North America semiconductor manufacturing equipment market is projected to experience the highest CAGR during the forecast period due to extraordinary national efforts to boost onshore semiconductor production capabilities.

Market Segments:
The semiconductor manufacturing equipment market is segmented into product type, front-end equipment, fab facility equipment, back-end equipment, dimension, global semiconductor supply chain process, and region.

Based on product type, the logic segment accounted for the largest share of the market in 2024, owing to growing demand for high-performance computing, AI, and advanced data center operations.

Based on dimension, the 2D ICs segment dominated the market due to the development of conventional fabrication procedures.
Semiconductor Manufacturing Equipment Market, Product Type Outlook (Revenue, USD Billion, 2020-2034)
• Memory
• MPU
• Foundry
• Logic
• Discrete
• Others

Semiconductor Manufacturing Equipment Market, Front-End Equipment Outlook (Revenue, USD Billion, 2020-2034)
• Lithography
o DUV
o EUV

• Wafer Surface Conditioning Equipment
o Etching
o Chemical Mechanical Planarization

• Deposition
o PVD
o CVD

• Cleaning Process
o Single-Wafer Spray System
o Single-Wafer Cryogenic System
o Batch Immersion Cleaning System
o Batch Spray Cleaning System
o Scrubber

• Other Equipment

Semiconductor Manufacturing Equipment Market, Fab Facility Equipment Outlook (Revenue, USD Billion, 2020-2034)
• Automation
• Chemical Control Equipment
• Gas Control Equipment
• Others

Semiconductor Manufacturing Equipment Market, Back-End Equipment Outlook (Revenue, USD Billion, 2020-2034)
• Back-End Processes
• Assembly and Packaging
• Dicing Equipment
• Bonding Equipment
• Metrology Equipment
• Test Equipment

Semiconductor Manufacturing Equipment Market, Dimension Outlook (Revenue, USD Billion, 2020-2034)
• 2D ICs
• 2.5D ICs
• 3D ICs

Semiconductor Manufacturing Equipment Market, Supply Chain Process Outlook (Revenue, USD Billion, 2020-2034)
• IDM Firms
• OSAT Companies
• Foundries

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Regional Overview:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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