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The 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.
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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
Notable Industry Development
Further Report Findings
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 |
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By Dimension |
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By Application |
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By Region |
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