Wafer Fabrication Equipment Is Fastest Growing Segment Fueling The Growth Of Semiconductor Equipment Market.

Semiconductor Equipment Market 

The Global Semiconductor Equipment Market is estimated to be valued at US$ 83.3 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Semiconductor equipment is used for manufacturing integrated circuits, memory chips, and optoelectronics components. These devices find applications in various end-use industries including consumer electronics, healthcare, and automotive. Semiconductor equipment help perform critical steps such as deposition, etch, ion implantation and thermal diffusion during the wafer fabrication process.

Market key trends:

Miniaturization of semiconductors is one of the key trends witnessed in the global semiconductor equipment market. Continuous advancement and miniaturization help pack more transistors in a given chip area which boosts the performance of devices. Additionally, continuous downscaling also drives performance, power and cost benefits. For instance, gate length of MOS transistors reduced from 65 nanometer (nm) to 45nm to 32nm and later to 7nm over the years. This ongoing trend towards smaller feature sizes is expected to fuel the demand for advanced wafer fabrication equipment in the coming years.

Segment Analysis

The global semiconductor equipment market is segmented by product type, front-end equipment, and back-end equipment. The front-end equipment segment dominates the market and accounts for around 60% share due to the increasing demand for logic and memory chips across various industries such as consumer electronics, automotive, industrial, and data center. Front-end equipment such as lithography, etch, deposition, and cleaning machines see high demand as they play a vital role in circuit formation on wafers.

Key Takeaways

The Global Semiconductor Equipment Market Size is expected to witness high growth, exhibiting CAGR of 9.3% over the forecast period, due to increasing demand for consumer electronics and need for advanced chip technology across diverse end-use industries.

Regional analysis: Asia Pacific dominates the global semiconductor equipment market with over 50% share, mainly due to massive manufacturing presence of foundry companies and IDMs in countries like Taiwan, Korea, and China. These countries are experiencing exponential growth in domestic demand as well as production. Japan and Southeast Asian countries are also emerging as major contributors to regional market growth.

Key players: Key players operating in the semiconductor equipment market are Applied Materials, Inc., ASML Holding, Canon, Tokyo Electron, Lam Research, KLA-Tencor, Dainippon Screen, Advantest, Teradyne, and Hitachi High-Technologies. Applied Materials and Lam Research together hold around 25% share of the total market. Applied Materials is the leader in front-end wet and dry processing modules while Lam Research is a leader in etch and deposition equipment segment.

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