Semiconductor Production Equipment Market is expected to reach USD 261.5 billion at a 9.30% CAGR by 2030 – Report by Market Research Future (MRFR)
Semiconductor Production Equipment Market growth by the increasing demand for various end-use industries such as consumer electronics, automotive, and industrial applications
New York, US, April 26, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Semiconductor Production Equipment Market, By Type, By Products, By Dimension – Forecast 2030, the market is anticipated to acquire a valuation of approximately USD 261.5 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 9.30% during the assessment timeframe.
Semiconductor Production Equipment Market Key Players
The key players in the market include-
- Applied Materials, Inc.,
- ASML Holdings NV,
- Tokyo Electron Limited,
- KLA Corporation,
- Lam Research Corporation,
- Advantest Corporation,
- Teradyne Inc.,
- Screen Holdings Co., Ltd.,
- Hitachi High-Technologies Corporation,
- Nikon Corporation.
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|Revenue forecast in 2030
|USD 261.5 Billion
|CAGR of 9.30% from 2022 to 2030
|Key Market Opportunities
|Increasing adoption of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT).
|Key Market Drivers
|Increasing demand for semiconductors from various end-use Industries such as consumer electronics, automotive, and industrial applications.
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Drivers and Challenges
The demand for semiconductors is increasing due to the rapid growth in the adoption of advanced technologies such as 5G, artificial intelligence, and the Internet of Things (IoT). The emergence of these technologies has resulted in an increase in demand for semiconductors, which has, in turn, boosted the growth of the semiconductor production equipment market.
The increasing demand for semiconductors has also led to the development of advanced semiconductor production equipment, which has improved the efficiency and performance of the production process. However, the high cost of semiconductor production equipment and the complex nature of the production process remain major challenges for the growth of the market.
Market Segmentation and Regional Analysis
The global semiconductor production equipment market is segmented based on type, application, and region. Based on type, the market is segmented into deposition equipment, lithography equipment, etching equipment, cleaning equipment, and others. The lithography equipment segment is expected to dominate the market during the forecast period, owing to the increasing demand for advanced lithography equipment for the production of high-quality semiconductors.
Based on application, the market is segmented into memory, foundry, and logic. The foundry segment is expected to dominate the market during the forecast period, owing to the increasing demand for foundry services for the production of advanced semiconductors.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the market during the forecast period, owing to the presence of major semiconductor production facilities in countries such as China, Taiwan, South Korea, and Japan.
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The semiconductor production equipment market is witnessing several trends, such as the development of advanced lithography equipment, the adoption of automation in the production process, and the increasing use of wafer-level packaging technology.
Recent Developments and Opportunities
The semiconductor production equipment market has been witnessing several recent developments, driven by the increasing demand for advanced semiconductors. The market is characterized by the presence of several key players who are focusing on the development of advanced semiconductor production equipment, as well as emerging players who are seeking to enter the market.
One of the recent developments in the market is the acquisition of Kokusai Electric Corporation by Applied Materials, Inc. in September 2021. Kokusai Electric Corporation is a leading provider of high-productivity deposition and etch equipment, which is used in the production of advanced semiconductors. The acquisition is expected to strengthen Applied Materials’ position in the semiconductor production equipment market, by adding advanced deposition and etch technology to its portfolio of products.
Another recent development in the market is the increasing adoption of automation in the production process. Automation is being used to improve the efficiency and accuracy of the production process, by reducing the need for manual intervention. This is particularly important in the production of advanced semiconductors, where even small variations in the production process can have a significant impact on the performance and reliability of the final product.
The use of wafer-level packaging technology is also an emerging trend in the market. Wafer-level packaging technology enables the packaging of multiple integrated circuits onto a single wafer, which can improve the performance and reduce the cost of the final product. This technology is particularly relevant in the production of advanced semiconductors, where the demand for higher performance and lower cost is driving innovation in the packaging process.
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Opportunities in the market are being created by the increasing adoption of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT). These technologies require the production of advanced semiconductors, which can support the development of intelligent systems and connected devices. The demand for AI and IoT technologies is expected to grow significantly over the forecast period, which is expected to create several opportunities for the players operating in the semiconductor production equipment market.
The increasing demand for advanced semiconductors in emerging applications such as electric vehicles, renewable energy, and healthcare is also expected to create opportunities in the market. The production of advanced semiconductors is critical in these applications, as they require high-performance and reliable components to operate effectively. The demand for advanced semiconductors in these applications is expected to grow significantly over the forecast period, which is expected to drive innovation and growth in the semiconductor production equipment market.
In conclusion, the semiconductor production equipment market is witnessing several recent developments, driven by the increasing demand for advanced semiconductors. The adoption of automation, wafer-level packaging technology, and advanced lithography equipment is improving the efficiency and performance of the production process, while the increasing adoption of AI and IoT technologies is creating opportunities for the players operating in the market. The demand for advanced semiconductors in emerging applications is also expected to create opportunities for growth and innovation in the market over the forecast period.
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