
Introduction:
Semiconductors are one of the most vital components of modern electronics. They’re present in a wide range of electronic devices, including radios, TVs, computers, video games, and advanced medical diagnostic equipment. Semiconductor manufacturing equipment refers to the machines, technology, and processes used in the production of semiconductors. Semiconductor manufacturing equipment encompasses probing machines, dicing machines, edge grinders, chemical mechanical planarization (CMP), and photolithography equipment. Dicing machines, as their name implies, are used to cut semiconductor wafers into smaller pieces. The photolithography machine is another important machine tool used in semiconductor manufacturing for printing circuit patterns onto silicon wafers.
Global Semiconductor Manufacturing Equipment Market size and share is currently valued at USD 90.62 billion in 2023 and is anticipated to generate an estimated revenue of USD 233.31 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 11.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032.
Continuous technological advances have led to the miniaturization of semiconductor components and the migration to advanced nodes. These technological advancements have led to innovations in the semiconductor manufacturing processes, impacting the market growth favorably. Besides, the adoption of automation and robotics by industries to improve efficiency is further supporting the expansion of the market.
Uses or Benefits:
The semiconductor manufacturing equipment market plays a pivotal role in the production of integrated circuits and semiconductor devices that power a wide array of modern technologies. This equipment encompasses a range of tools and machinery used in the fabrication process, including lithography systems, etching equipment, deposition tools, and metrology instruments. Its primary benefit lies in enabling the efficient and precise manufacturing of semiconductors, which are essential components in electronics, telecommunications, automotive systems, and consumer devices.
These tools facilitate the miniaturization and integration of electronic components, leading to the development of faster, smaller, and more powerful devices. For instance, lithography systems enable the patterning of nanoscale features on silicon wafers, a critical step in semiconductor fabrication. Etching and deposition equipment then modify the wafer surface to create intricate circuit patterns and deposit thin films of materials needed for electronic functions. Metrology tools ensure the accuracy and quality control of these processes, ensuring that semiconductor devices meet stringent performance standards.
The semiconductor manufacturing equipment market supports innovation by continually advancing technologies to improve processing speed, increase device functionality, and reduce energy consumption. This sector also drives economic growth through substantial investments in research and development, creating high-tech jobs and fostering technological expertise in semiconductor-producing regions worldwide. Additionally, as industries such as artificial intelligence, 5G telecommunications, and electric vehicles expand, the demand for advanced semiconductor devices continues to grow, underscoring the critical role of semiconductor manufacturing equipment in powering the digital economy.
Top Key Players:
The global players include LAM Research, ASML Holdings, Tokyo Electron Limited, Applied Materials, Teradyne, Advantest Corporation, KLA-Tencor Corporation., Rudolph Technologies, Start-up Ecosystem, Canon Inc., Nikon Corporation, Hitachi, Ltd., Energetiq Technology, Gigaphoton Inc., Inpria Corp, JEOL, and Adams Lithographing.
Recent Developments:
- In March 2023, SCREEN PE Solutions Co., Ltd., a subsidiary of SCREEN Holdings Co., Ltd., launched the Ledia 7F-L direct imaging system. Designed by SCREEN PE, this latest model addresses the rising demand for accurate pattern appearance on large-sized substrates with a particular focus on applications in IoT infrastructure and telecommunications.
- In February 2023, Applied Materials, Inc. launched VeritySEM 10, an innovative eBeam metrology system meticulously developed to specifically estimate the essential dimensions of semiconductor device components patterned with emerging high-NA EUV lithography.
Regional Analysis:
- Asia Pacific accounted for the largest market during 2023. Asia Pacific countries lead in technological advancements and innovation within the semiconductor industry. Companies in the region consistently invest in research and development, creating cutting-edge semiconductor manufacturing technologies and equipment.
- North America is expected to grow at the fastest CAGR over the projected period on account of the higher demand for Hybrid and electronic cars and the presence of important businesses and high investment in the market in that region increasing the market growth.
Segmentation:
Semiconductor Manufacturing Equipment, Product Type Outlook (Revenue, USD Billion, 2019 – 2032)
- Memory
- MPU
- Foundry
- Logic
- Discrete
- Others
Semiconductor Manufacturing Equipment, Front-End Equipment Outlook (Revenue, USD Billion, 2019 – 2032)
- Lithography
- DUV
- EUV
- Wafer Surface Conditioning Equipment
- Etching
- Chemical Mechanical Planarization
- Deposition
- PVD
- CVD
- Cleaning Process
- Single-Wafer Spray System
- Single-Wafer Cryogenic System
- Batch Immersion Cleaning System
- Batch Spray Cleaning System
- Scrubber
- Other Equipment
Semiconductor Manufacturing Equipment, Fab Facility Equipment Outlook (Revenue, USD Billion, 2019 – 2032)
- Automation
- Chemical Control Equipment
- Gas Control Equipment
- Other
Semiconductor Manufacturing Equipment, Back-End Equipment Outlook (Revenue, USD Billion, 2019 – 2032)
- Back-End Processes
- Assembly and Packaging
- Dicing Equipment
- Bonding Equipment
- Metrology Equipment
- Test Equipment
Semiconductor Manufacturing Equipment, Dimension Outlook (Revenue, USD Billion, 2019 – 2032)
- 2D ICs
- 2.5D ICs
- 3D ICs
Semiconductor Manufacturing Equipment, Supply Chain Process Outlook (Revenue, USD Billion, 2019 – 2032)
- IDM Firms
- OSAT Companies
- Foundries
Source: Polaris Market Research