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Semiconductor Manufacturing Equipment Market to cross $200 Bn by 2032

  • Published Date: December 29, 2022

Semiconductor Manufacturing Equipment Market size is estimated to exceed USD 200 billion by 2032, according to recent research report by Global Market Insights Inc.


Leading trends associated with the miniaturization of components will influence the deployment of semiconductor manufacturing equipment. The integration of proper manufacturing equipment supports high-performance chipsets and IC production whilst allowing compact packaging. In recent years, technologies such as artificial intelligence (AI), and the internet of things (IoT) have rapidly penetrated the manufacturing of next-generation chipsets catering to smartphones, notebooks, and terminal devices. With the growing requirement for high-performance application processors and smaller packaging dimensions, semiconductor manufacturing process demand is anticipated to pick up the pace.



Increasing wafer production to boost the installation of for back-end equipment

Semiconductor Manufacturing Equipment Market Share, By Product

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The back-end semiconductor manufacturing equipment market is anticipated to witness 5% CAGR from 2023 to 2032. Some of the extensively used back-end equipment include assemble & packaging equipment, bonding equipment, wafer manufacturing equipment, metrology and testing equipment. Growing efforts to ramp up wafer production will propel the adoption of this equipment.


Rising preference for energy-efficient solutions propel espousal of 2.5D packaging technology

2.5D segment held more than 35% of the semiconductor manufacturing equipment market share in 2022. Surging demand for 2.5D architecture in stack memory modules can be attributed to the improved performance and high bandwidth memory needs. The technology is particularly popular among leading OSATs such as TSMC, Amkor and ASE. OSAT firms are rapidly replacing 2D packaging with 2.5 technologies with a view to delivering high-chip functionality featuring a small form factor. 2.5D has emerged as a revolutionary technology in chipset integration due to its ability to achieve superior packaging density and high energy efficiency.


Browse key industry insights spread across 250  pages with 240 market data tables and 42 figures & charts from the report, “Semiconductor Manufacturing Equipment Market Size By Product (Front-end Equipment [Lithography, Polishing & Grinding, Water Surface Conditioning Equipment], Back-end Equipment [Wafer Manufacturing Equipment, Assembly & Packaging Equipment, Test Equipment]), By Dimension (2D, 2.5D, 3D), By Supply Chain Process (Outsourced Semiconductor Assembly and Test (OSAT), Integrated Device Manufacturer (IDM), Foundry), COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with           the       table    of contents:


Hefty investments in semiconductor fabrications plants to complement industry outlook

The semiconductor manufacturing equipment market valuation from foundry segment is anticipated to reach over USD 45 billion by 2032. Several companies are increasingly investing in technical improvements by leveraging technologies such as laser plasma in Extreme Ultraviolet (EUV) printing equipment to generate high-quality wavelengths. Advanced manufacturing aid allows foundry operators to reduce maintenance and operational expenses. Rising public and private investments in semiconductor fabrication plants (fab or foundry) will support the segment growth.

Favorable government initiatives to influence Europe sector

Europe semiconductor manufacturing equipment market was worth more than USD 4.5 billion in 2022. Promising government programmes are fostering large-scale semiconductor protein. For instance, the European Union’s Horizon 2020 is a research & innovation program worth more than USD 90 billion and intends to accelerate local as well as foreign investments in the semiconductor sector. Similar initiatives in the regional business are empowering native semiconductor manufacturers and foundry operators with significant capital backing. This scenario indicates lucrative scope for the manufacturers of semiconductor equipment in the region.

New product developments to garner the industry development

ASML, Applied Materials, Inc., Advantest, Teradyne, Lam Research Corporation, Tokyo Electron Limited, Veeco Instruments Inc., EV Group (EVG), Onto Innovation, KLA Corporation, and SCREEN Semiconductor Solutions Co., Ltd are some of the leading companies in the global semiconductor manufacturing equipment industry. These participants are expanding their product portfolios to broaden customer reach. Furthermore, in November 2022, EVG Group announced the extension of its portfolio of optical lithography solutions with the addition of a new product called EVG 150 resist process system.  

Authors: Preeti Wadhwani, Aayush Jain