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Semiconductor Manufacturing Equipment Market to Expand Rapidly with Increasing Demand for High-Performance Chips and IoT Devices

(IT-NEWSWIRE.COM, May 09, 2023 ) The semiconductor manufacturing equipment market is projected to reach USD 149.8 billion by 2028 from USD 91.2 billion in 2023, at a CAGR of 10.4% from 2023 to 2028. Growing semiconductor industry and surging demand for AI chips driven by future AI-driven workloads and applications are the major factor driving the growth of semiconductor manufacturing equipment market globally.

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The lithography equipment segment is expected to dominate the front-end semiconductor manufacturing equipment market during the forecast period. The growth can be attributed to the increasing demand for semiconductor devices globally. Also, the rise in demand and production of electric vehicles and consumer electronic devices is expected to increase the demand for lithography equipment in the future. Moreover, the rising demand for semiconductor chips across various end-user industries leads to the increased adoption of photolithography equipment which will, in turn, propels the growth of the lithography segment.

The semiconductor manufacturing equipment industry for 3D ICs manufacturing is expected to grow at the CAGR during the forecast period. With the increased demand for improved functionalities in and miniaturization of portable hand-held devices such as cell phones, digital cameras, and laptop /computers, manufacturers and IDMs are expected to prefer 3D ICs.

Asia Pacific accounted for the largest share of the semiconductor manufacturing equipment market in 2028 and is likely to grow at the highest CAGR during the forecast period. The market in the region is driven by continuous developments in the semiconductor industry, fab facility expansion activities by the market players, and financial support for the semiconductor industry by Asian governments. In addition, the region houses numerous semiconductor manufacturing equipment providers, including Tokyo Electron Limited; SCREEN Holdings Co., Ltd.; Advantest Corporation; Hitachi, Ltd.; Nikon Corporation; Daifuku Co., Ltd.; SEMES; and KOKUSAI ELECTRIC CORPORATION.

Top Semiconductor Manufacturing Equipment Companies:

Key players in the semiconductor manufacturing equipment market as follows Tokyo Electron Limited (Japan); Lam Research Corporation (US); ASML (Netherlands); Applied Materials, Inc. (US); KLA Corporation (US); SCREEN Holdings Co., Ltd. (Japan); Teradyne, Inc. (US); Advantest Corporation (Japan); Hitachi, Ltd. (Japan); Plasma-Therm (US). These players not only have a comprehensive and diverse product portfolio, but also have a strong geographic presence.

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