DUBLIN–(BUSINESS WIRE)–The “Semiconductor Machinery Global Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.
The semiconductor machinery market size has grown strongly in recent years. It will grow from $162.44 billion in 2023 to $174.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%.
The semiconductor machinery market size is expected to see strong growth in the next few years. It will grow to $225.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to various factors, including the proliferation of IoT (Internet of Things) and connectivity solutions, the expansion of 5G and connectivity technologies, the trend towards miniaturization of semiconductor chips, the increasing adoption of sustainable manufacturing practices, and the growing demand for high-purity and high-performance materials in semiconductor production.
Major trends expected in the forecast period include advancements in packaging technologies, the use of extreme ultraviolet (EUV) lithography, the adoption of smart manufacturing and Industry 4.0 practices, a focus on sustainability and green manufacturing, and the integration of collaborative robotics in semiconductor manufacturing processes.
The semiconductor machinery market is experiencing significant growth, driven by the increasing demand for electric vehicles. The rise in electric car adoption can be attributed to the growing number of charging stations worldwide. Advances in the semiconductor industry are enabling longer battery life for electric vehicles, enhancing their appeal and offering substantial business opportunities for semiconductor manufacturers.
According to the International Energy Agency’s (IEA) Global Electric Vehicle Outlook 2022, sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021, reaching a new record of 6.6 million. Notably, electric car sales nearly tripled to 3.3 million in China in 2021, accounting for about half of the global total. Therefore, the increasing demand for electric vehicles is expected to be a key driver of the semiconductor machinery market’s growth.
The semiconductor machinery market is also expected to benefit from the rising demand for renewable electricity. Semiconductor manufacturing processes are energy-intensive, and the use of renewable electricity sources can significantly reduce the carbon footprint of semiconductor fabs. These sources provide clean and sustainable energy, helping semiconductor companies meet environmental goals while lowering energy costs.
The supply chain issues are posing challenges to the semiconductor machinery market’s growth during the forecast period. These issues refer to unexpected disruptions in the supply chain network, resulting in longer lead times for obtaining necessary components and materials. Extended lead times can lead to production delays, making it challenging for manufacturers to fulfill orders in a timely manner, potentially causing customer dissatisfaction and missed opportunities. For instance, businesses reported delays in manufacturing and supply services, revenue declines, and customer losses in various cases. Given this situation, about 23% of companies believe supply chain problems will persist into the summer of 2023. As a result, supply chain issues are hindering the growth of the semiconductor machinery market.
Major companies operating in the semiconductor machinery market are focusing on innovation, introducing new technological products such as semiconductor wafer transfer robots to enhance profitability. These robots are designed to automate the movement of wafers between cassettes, boats, and process equipment, specifically for the semiconductor industry. For example, Nidec Sankyo Corporation launched a new semiconductor wafer transfer robot with the capability to switch between four cassettes, potentially improving semiconductor production efficiency.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- By Type: Front-End Equipment; Back-End Equipment; Fab Facility Equipment
- By Product: Memory; Foundry; Logic; MPU; Discrete; Analog; MEMS; Other Products
- By Supply Chain Participant: OSAT Companies; IDM Firms; Foundries
- By Application: Integrated Circuit; Discrete Device; Optoelectronic Device; Sensors
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
- ASML Holding
- Tokyo Electron
- Lam Research
- Applied Materials
- SCREEN Holdings
- ASYS Group
- Axcelis Technologies
- Brooks Automation
- Hitachi High-Technologies
- Nova Measuring Instruments
- Onto Innovation
- Rudolph Technologies
- SPTS Technologies
- Veeco Instruments
- Yield Engineering Systems
- Siconnex Customized Solutions
- SUSS MicroTec
For more information about this report visit https://www.researchandmarkets.com/r/i2nhg5
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