Semiconductor Manufacturing Equipment Market (Equipment Type - Front End Equipment, and Back End Equipment; Dimension – 2D ICs, 2.5D ICs, and 3D ICs; Supply Chain Process - IDM Firms, OSAT Companies, and Foundries; Application - Semiconductor Fabrication Plant, Semiconductor Electronics Manufacturing, and Test Home): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the semiconductor manufacturing equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional semiconductor manufacturing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional semiconductor manufacturing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global semiconductor manufacturing equipment market. According to the report, the global semiconductor manufacturing equipment market is projected to grow at a CAGR of 8% over the forecast period of 2022-2028.

Market Insight

The global semiconductor manufacturing equipment market was valued at about USD 95 billion in 2022 and is expected to reach nearly USD 150 billion in 2028, with a CAGR of over 8% during the forecast period. The demand for semiconductors has evolved rapidly owing to the introduction of more advanced products and process technologies for applications in end-use industries. Today, the integration of semiconductors has become a common factor owing to the persistent innovations in products such as vehicles, medical devices, smart devices, smart homes, and wearables. Additionally, the trend of integrating semiconductors on a single chip is widening because of consumer preferences for compact-sized products. Semiconductor production equipment includes semiconductor circuits, memory chips, and others.

The growing demand for semiconductors has led front-end semiconductor fabrication facilities (fabs) to run above 80% capacity utilization, with some fabs running as high as 90–100%. The semiconductor industry is significantly increasing fab capacity utilization to meet the increased demand during the current global chip shortage. The release of any new device or product predictably provokes a spike in consumer demand that places pressure on the manufacturers of essential electronic components. Manufacturers are introducing more and more electronic components in the highly competitive market. New product development is more advanced than ever, from smartphones to fitness devices to virtual assistants. There has been a huge spike in consumer demand with so many new interconnected devices being designed and released regularly. Furthermore, increasing usage of electric vehicles also drives the market demand. The demand for electric vehicles is governed by the rise in demand for fuel-efficient, high-performance, and low-emission vehicles. However, the complex global supply chain is restraining the global semiconductor equipment manufacturing market. Moreover, the increasing demand for semiconductors from diversified industries is expected to provide growth opportunities to the market players.

The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-pacific is expected to dominate the semiconductor equipment manufacturing market and also the fastest-growing market. The presence of major semiconductor manufacturing equipment suppliers based in China and Taiwan drives the market growth in this region. Additionally, according to the International Trade Administration, countries such as Japan and Korea held the top positions in exporting semiconductor equipment. Additionally, these countries are signing Information Technology Agreement (ITA) plurilateral agreement with the World Trade Organization wherein the tariffs are eliminated on IT products resulting in non-tariff barriers to U.S. exports. Owing to this, countries such as Japan, and Korea are gaining business opportunities to expand their products across various geographies.

Segment Covered

The report on the global semiconductor manufacturing equipment market covers segments such as equipment type, dimension, supply chain process, and application. On the basis of equipment type, the sub-markets include front end equipment, and back end equipment. On the basis of dimension, the sub-markets include 2D ICs, 2.5D ICs, and 3D ICs. On the basis of supply chain process, the sub-markets include IDM firms, OSAT companies, and foundries. On the basis of application, the sub-markets include semiconductor fabrication plant, semiconductor electronics manufacturing, and test home.

Companies Profiled:

The report provides profiles of the companies in the market such as Alsil Material, Applied Materials, Inc., Intel Corporation, Micron Technology, Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Screen Holdings Co., Ltd., Teradyne Inc., Tokyo Electron Limited, and Other companies.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the semiconductor manufacturing equipment market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.