Semiconductor Equipment Maintenance Market Accelerates with Growing Chip Manufacturing Demand

Semiconductor Equipment Maintenance Market Size

The global market for Semiconductor Equipment Maintenance was valued at US$ 566 million in the year 2024 and is projected to reach a revised size of US$ 1073 million by 2031, growing at a CAGR of 9.7% during the forecast period.

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Semiconductor equipment repair services repair, rebuild and refurbish equipment related to the manufacture and processing of semiconductors, special materials that have conductivity between conductors and nonconductors or insulators. Some companies test, evaluate, disassemble, and reassemble semiconductor manufacturing and processing equipment. Others specialize in the replacement of worn or damaged parts or components. Semiconductor equipment repair services that upgrade software or controls, assemble refurbished equipment, and provide testing and certifications services are also available.

Following a strong growth of 26.2 percent in the year 2021, WSTS revised it down to a single digit growth for the worldwide semiconductor market in 2022 with a total size of US$580 billion, up 4.4 percent. WSTS lowered growth estimation as inflation rises and end markets seeing weaker demand, especially those exposed to consumer spending. While some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.8 percent, Sensors with 16.3 percent, and Logic with 14.5 percent growth. Memory declined with 12.6 percent year over year. In 2022, all geographical regions showed double-digit growth except Asia Pacific. The largest region, Asia Pacific, declined 2.0 percent. Sales in the Americas were US$142.1 billion, up 17.0% year-on-year, sales in Europe were US$53.8 billion, up 12.6% year-on-year, and sales in Japan were US$48.1 billion, up 10.0% year-on-year. However, sales in the largest Asia-Pacific region were US$336.2 billion, down 2.14% year-on-year.

By Type
• Wafer Manufacturing Equipment
• Wafer Processing Equipment
• Testing Equipment
• Assembling and Packaging Equipment

By Application
• IDM
• Foundry

Key Companies
PSI Semicon Services, Hitachi, SSSco, Daitron, Treasure of Technology, Lotusworks, Kyma Technologies, JC Precise Technology, FairTech, Ebara, AMEC, Zhejiang Avptec

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This release was published on openPR.