Press Release / Semiconductor Manufacturing Equipment Market
Semiconductor Manufacturing Equipment Market to be Worth USD 196.7 Billion by 2029; Hitachi High Tech Corporation Rolled Out GS1000 System to Strengthen Industry Position
December 15, 2022 | Machinery & EquipmentThe global semiconductor manufacturing equipment market size stood at USD 88.2 billion in 2021. The market value is slated to rise from USD 101.6 billion in 2022 to USD 196.7 billion by 2029 at a CAGR of 9.9% during 2022-2029. Fortune Business Insights™ presents this information in its report titled “Semiconductor Manufacturing Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Front-end Equipment, Back-end Equipment), By Dimension (2D, 2.5D, 3D), By Application (Semiconductor Fabrication Plant/Foundry, Semiconductor Electronics Manufacturing, Test Home), and Regional Forecast, 2022-2029”.
Industry Expansion Affected Owing to Halt on Manufacturing Activities Due to COVID-19 Pandemic
The COVID-19 health crisis put a halt on manufacturing activity across various sectors. The pandemic also led to disruptions in supply chain, negatively affecting industry expansion. However, the semiconductor manufacturing equipment industry growth was revived on account of an increase in research and development activities and the adoption of innovative technologies. This can be attributed to the soaring demand for semiconductor components and chips from the third quarter of 2020.
United Microelectronics Corporations Shared Plans to Develop an Advanced Facility in Singapore
In February 2022, United Microelectronics Corporation, a Taiwanese semiconductor foundry, announced plans for the development of a new facility in Singapore. With an investment of USD 5 billion, the new unit would be constructed next to its existing facility. The unit would have a 30,000 wafer monthly capacity, with production anticipated to commence in late 2024.
UMC has been functional as a supplier of pure-play foundry in Singapore for over 20 years. The location is the organization’s designated research & development center for advanced specialty technologies.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/semiconductor-manufacturing-equipment-market-101964
Market Value to Rise Due to Escalating Product Demand Across the Manufacturing Sector
The semiconductor manufacturing equipment market growth is driven by the soaring adoption of logic circuits and IC chips for electric vehicles, home appliances, and consumer electronics. This is further supplemented by the surging automation in the automotive industry.
However, the industry expansion is likely to be hampered by the complexity of design patterns and disruptions in supply chain.
Industry Participants Enter into Partnership Agreements to Gain Strong Footing
Major industry players are striking collaborative agreements and partnership deals for strengthening their market expansion over the forecast period. Some of the other steps include mergers, acquisitions, product developments, and others. Besides, leading semiconductor manufacturing equipment companies are focused on participating in trade conferences as well as research activities for enhancing business prospects.
List of Key Players Profiled in the Report
- Applied Materials Inc (U.S.)
- Tokyo Electron Limited (Japan)
- Lam Research Corporation (U.S.)
- ASML (Netherlands)
- KLA Corporation (Netherlands)
- Dainippon Screen Group (Japan)
- Hitachi High-Technologies Corporation (Japan)
- ASM International (U.S.)
- Ferrotec Holdings Corporation (Japan)
- Canon Machinery Inc (Japan)
Notable Industry Development
- December 2021 – Hitachi High-Tech Corporation launched a new GS1000 electron beam area inspection system. The solution provides quick and precise inspection via the usage of a common platform with high-speed inspection systems.
Further Report Findings
- Based on equipment type, the market is segmented into back-end equipment and front-end equipment. The front-end equipment segment is poised to record commendable expansion over the forecast period. This is on account of the soaring IC chip demand for numerous end-user industries.
- The Asia Pacific market is anticipated to register appreciable expansion over the estimated period. The growth can be credited to the robust supply chain of semiconductor devices, such as discrete devices and logic circuits, across various countries such as Taiwan, China, and Japan.
- The North America semiconductor manufacturing equipment market share is poised to record substantial growth over the analysis period. This can be attributed to the presence of several manufacturers such as Kla Corporation, LAM Research Laboratories, Applied Materials Inc, and others.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018 – 2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022 – 2029 |
Historical Period | 2018 – 2020 |
Unit | Value (USD Billion) |
Segmentation | By Equipment Type, Dimension, Application, and Region |
By Equipment Type |
|
By Dimension |
|
By Application |
|
By Region |
|
- 2021
- 2018-2020
- 140
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