Semiconductor Manufacturing Equipment Market Size & Share 2023 to 2032

Market Size by Product (Front-end Equipment, Back-end Equipment), by Supply Chain Process (Outsourced Semiconductor Assembly and Test, Integrated Device Manufacturer, Foundry), by Dimension & Forecast.

Report ID: GMI4233

Published Date: December 2022

Report Format: PDF

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Semiconductor Manufacturing Equipment Market Size

Semiconductor Manufacturing Equipment Market size crossed USD 100 billion in 2022 and is anticipated to exhibit over 5% CAGR from 2023 to 2032. A surge in investments across advanced mobility solutions will impel the market demand.

Semiconductor Manufacturing Equipment Market

New trends in the automotive sector such as electric and hybrid mobility, AI-based automotive systems, and shared mobility are proliferating the demand for high-performance semiconductors, sensors, and microcontrollers. Growing consumer interest in electric vehicles will pave the way for a massive chip production volume, thus consolidating the industry value.

Impact of COVID-19 Pandemic

The COVID-19 pandemic introduced new challenges in the semiconductor manufacturing equipment market with significant disruptions to the global supply chain. The pandemic resulted in an unprecedented semiconductor shortage due to a dearth of production capacity and restricted global trade. While consumer purchases dropped in the early phase of the pandemic, the second phase witnessed a dramatic rise in demand for semiconductor chips due to the rapid adoption of digital solutions across various sectors.

Due to the worldwide lockdown, businesses shifted to work-from-home models to maintain productivity, which expedited the need for smartphones, laptops, tablets, and other devices. Doctors & patients switched to digital healthcare, whereas students adopted an e-learning approach. However, growing efforts to address the burgeoning semiconductor offer lucrative scope for semiconductor manufacturing equipment providers.

Hefty purchasing power and maintenance expenditure is required when purchasing semiconductor manufacturing machinery. Equipment such as lithography is very expensive with prices as high as up to USD 150 million. They are also rather complex in nature and rely on expert technical interventions. IF proper training is not provided, these machines can be very difficult to operate which is a key factor hindering product adoption. However, increasing developments in the field of fabrication and simplification of manufacturing processes will help overcome the challenges.

Semiconductor Manufacturing Equipment Market Analysis

The front-end equipment product segment size was more than USD 70 billion in 2022. Front-end equipment is in high demand across wafer fabrication facilities since they offer a myriad of benefits including high-end wafer processing, high electrical conductivity, and lower operational costs.

Silicon wafer production has increased substantially in recent years due to widespread applications and rapid digitization. The components are extensively used as semiconductors in electronics and the manufacturing of integrated circuits that encompass millions of transistors, and other critical components.

The 3D packaging technology in the semiconductor manufacturing equipment market is estimated to reach USD 95 billion revenue by the end of 2032. With growing pressure on chipmakers to meet the surging demand for chipsets, IC manufacturers are ramping up efforts to boost production by leveraging new chip packaging technologies such as 3D ICs. Such advancements are allowing chipmakers to supply circuits offering compact size, and high performance at lower costs. 3D packaging allows semiconductor memory developers to create wafers and memory storage devices capable of reducing footprint whilst offering superior storage capacity.

The outsourced semiconductor assembly and test (OSAT) supply chain process segment is expected to record 7% growth through 2032, credited to the implementation by consumer electronics and automotive OEMs for assembly, packaging, and testing services.

OSAT firms are seeking automated machinery and equipment for integration in their plant facilities enabling outsourcing of semiconductor and electronic devices for customers. The growing need to maximize the time and capacity of semiconductor fabs is increasing OSAT engagement to ensure a faster and continuous supply of semiconductors.

Asia Pacific semiconductor manufacturing equipment market size is poised to exceed USD 195 billion by 2032. A surging production of semiconductor memory and consumer electronic devices in countries such as China, Japan, Taiwan, and South Korea will propel the market expansion across the region.

Operational and production costs are relatively lower in APAC countries as compared to their western counterparts. According to data published by the Semiconductor Industry Association, and the Boston Consulting Group (BCG), the U.S. is 30% more expensive than China when it comes to operating a semiconductor production facility.

Semiconductor Manufacturing Equipment Market Share

Some of the leading players in the market include:

ASML
Applied Materials, Inc.
Advantest
Teradyne
Lam Research Corporation
Tokyo Electron Limited
Veeco Instruments Inc.
EV Group (EVG)
Onto Innovation
KLA Corporation
SCREEN Semiconductor Solutions Co., Ltd

These companies are focusing on the development of technologically advanced manufacturing equipment. For instance, in June 2022, Hitachi High-Tech Corporation launched a new Inspection System DI2800 field wafer defect inspector, a critical component in the semiconductor manufacturing process.

The semiconductor manufacturing equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Product:

Front-end equipment
- Lithography
- Polishing & grinding
- Water surface conditioning equipment
- Others
Back-end equipment
- Wafer manufacturing equipment
- Assembly & packaging equipment
- Test equipment
- Others

Market, By Dimension:

2D
2.5D
3D

Market, By Supply chain process:

OSAT
IDM
Foundry

The above information has been provided for the following regions and countries:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Netherlands
- Russia
Asia Pacific
- China
- Japan
- South Korea
- Taiwan
LAMEA
- Argentina
- Mexico
- Israel

Authors: Suraj Gujar, Ankita Chavan

Semiconductor Manufacturing Equipment Market Scope

Semiconductor Manufacturing Equipment Market Size
Semiconductor Manufacturing Equipment Market Trends

Semiconductor Manufacturing Equipment Market Analysis
Semiconductor Manufacturing Equipment Market Share

Report Content

Chapter 1 Methodology and Scope

1.1 Scope and definition

1.2 Methodology & forecast parameters

1.3 COVID-19 impact

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 MEA

1.4 Data Sources

1.4.1 Secondary

1.4.1.1 Paid sources

1.4.1.2 Public sources

1.4.2 Primary

Chapter 2 Executive Summary

2.1 Semiconductor manufacturing equipment industry 360° synopsis, 2018 – 2032

2.1.1 Business trends

2.1.1.1 Total Addressable Market (TAM), 2023 - 2032

2.1.2 Product trends

2.1.3 Dimension trends

2.1.4 Supply-chain trends

2.1.5 Regional trends

Chapter 3 Industry Insights

3.1 Introduction

3.2 Impact of COVID-19 on semiconductor manufacturing equipment industry landscape

3.2.1 Global outlook

3.2.2 Regional impact

3.2.2.1 North America

3.2.2.2 Europe

3.2.2.3 Asia Pacific

3.2.2.4 Latin America

3.2.2.5 MEA

3.3 Russia-Ukraine war impact

3.4 China- U.S.trade war impact

3.5 Industry ecosystem type analysis

3.5.1 Component and raw material suppliers

3.5.2 Semiconductor manufacturing equipment providers

3.5.3 FAB suppliers

3.5.4 Semiconductor component manufacturers

3.5.5 OEMs

3.5.6 Distribution channel analysis

3.5.7 Vendor matrix

3.6 Profit margin analysis, 2022

3.7 Technology & innovation landscape

3.7.1 Development in process technology

3.7.2 Dimensional architectural trend in semiconductor manufacturing equipment

3.8 Patent landscape

3.9 Key initiative & news

3.10 Regulatory landscape

3.10.1 North America

3.10.2 Europe

3.10.3 Asia Pacific

3.10.4 Latin America

3.10.5 MEA

3.11 Industry impact forces

3.11.1 Growth drivers

3.11.1.1 Rising demand for advanced and miniaturized semiconductor components in consumer electronics

3.11.1.2 Technological advancements in lithography process

3.11.1.3 Increasing demand for electrification in vehicles and proliferation of electric vehicles worldwide

3.11.1.4 Rising penetration of 5G and IoT devices

3.11.1.5 Increasing demand for chipsets in computing and AI applications

3.11.1.6 Growing demand for power efficient semiconductor from medial applications

3.11.1.7 Government initiatives to propel semiconductor industry in the North America & Asia Pacific

3.11.2 Industry pitfalls & challenges

3.11.2.1 High purchase & maintenance costs

3.11.2.2 Functional defects and complexity in patten for advance chipsets

3.12 Investment landscape

3.13 Growth potential analysis

3.14 Porter's analysis

3.14.1 Supplier power

3.14.2 Buyer power

3.14.3 Threat of new entrants

3.14.4 Threat of substitutes

3.14.5 Internal rivalry

3.15 PESTEL analysis

Chapter 4 Competitive Landscape

4.1 Introduction

4.2 Company market share analysis, 2022

4.3 Competitive analysis of major market players, 2022

4.3.1 Applied material

4.3.2 ASML

4.3.3 Tokyo Electron Limited

4.3.4 LAM Research

4.3.5 Canon Inc.

4.4 Competitive analysis of prominent players, 2022

4.4.1 Advantest Corporation

4.4.2 TOKYO SEIMITSU CO., LTD

4.4.3 ASM Pacific Technology

4.4.4 SCREEN Semiconductor Solutions Co., Ltd.

4.4.5 Nikon Corporation

4.5 Competitive positioning matrix

4.6 Strategic outlook matrix

Chapter 5 Semiconductor Manufacturing Equipment Market, By Product

5.1 Key trends, by product

5.2 Front-end equipment

5.2.1 Market estimates and forecast, 2018 – 2032

5.2.2 Lithography

5.2.2.1 Market estimates and forecast, 2018 – 2032

5.2.3 Polishing & grinding

5.2.3.1 Market estimates and forecast, 2018 – 2032

5.2.4 Water surface conditioning equipment

5.2.4.1 Market estimates and forecast, 2018 – 2032

5.2.5 Others

5.2.5.1 Market estimates and forecast, 2018 – 2032

5.3 Back-end equipment

5.3.1 Market estimates and forecast, 2018 – 2032

5.3.2 Wafer manufacturing equipment

5.3.2.1 Market estimates and forecast, 2018 – 2032

5.3.3 Assembly & packaging equipment

5.3.3.1 Market estimates and forecast, 2018 – 2032

5.3.4 Test equipment

5.3.4.1 Market estimates and forecast, 2018 – 2032

5.3.5 Others

5.3.5.1 Market estimates and forecast, 2018 – 2032

Chapter 6 Semiconductor Manufacturing Equipment Market, By Dimension

6.1 Key trends, by dimension

6.2 2D

6.2.1 Market estimates and forecast, 2018 - 2032

6.3 2.5D

6.3.1 Market estimates and forecast, 2018 – 2032

6.4 3D

6.4.1 Market estimates and forecast, 2018 - 2032

Chapter 7 Semiconductor Manufacturing Equipment Market, By Supply-chain Process

7.1 Key trends, by supply-chain process

7.2 OSAT

7.2.1 Market estimates and forecast, 2018 – 2032

7.3 IDM

7.3.1 Market estimates and forecast, 2018 – 2032

7.4 Foundry

7.4.1 Market estimates and forecast, 2018 – 2032

Chapter 8 Semiconductor Manufacturing Equipment Market, By Region

8.1 Key trends, by region

8.2 North America

8.2.1 Market estimates and forecast, 2018-2032

8.2.2 Market estimates and forecast, by product, 2018 – 2032

8.2.3 Market estimates and forecast, by dimension, 2018 – 2032

8.2.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.2.5 U.S.

8.2.5.1 Market estimates and forecast, 2018-2032

8.2.5.2 Market estimates and forecast, by product, 2018 – 2032

8.2.5.3 Market estimates and forecast, by dimension, 2018 – 2032

8.2.5.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.2.6 Canada

8.2.6.1 Market estimates and forecast, 2018-2032

8.2.6.2 Market estimates and forecast, by product, 2018 – 2032

8.2.6.3 Market estimates and forecast, by dimension, 2018 – 2032

8.2.6.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3 Europe

8.3.1 Market estimates and forecast, 2018-2032

8.3.2 Market estimates and forecast, by product, 2018 – 2032

8.3.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.5 UK

8.3.5.1 Market estimates and forecast, 2018-2032

8.3.5.2 Market estimates and forecast, by product, 2018 – 2032

8.3.5.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.5.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.6 Germany

8.3.6.1 Market estimates and forecast, 2018-2032

8.3.6.2 Market estimates and forecast, by product, 2018 – 2032

8.3.6.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.6.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.7 France

8.3.7.1 Market estimates and forecast, 2018-2032

8.3.7.2 Market estimates and forecast, by product, 2018 – 2032

8.3.7.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.7.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.8 Italy

8.3.8.1 Market estimates and forecast, 2018-2032

8.3.8.2 Market estimates and forecast, by product, 2018 – 2032

8.3.8.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.8.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.9 Netherlands

8.3.9.1 Market estimates and forecast, 2018-2032

8.3.9.2 Market estimates and forecast, by product, 2018 – 2032

8.3.9.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.9.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.3.10 Russia

8.3.10.1 Market estimates and forecast, 2018-2032

8.3.10.2 Market estimates and forecast, by product, 2018 – 2032

8.3.10.3 Market estimates and forecast, by dimension, 2018 – 2032

8.3.10.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.4 Asia Pacific

8.4.1 Market estimates and forecast, 2018-2032

8.4.2 Market estimates and forecast, by product, 2018 – 2032

8.4.3 Market estimates and forecast, by dimension, 2018 – 2032

8.4.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.4.5 China

8.4.5.1 Market estimates and forecast, 2018-2032

8.4.5.2 Market estimates and forecast, by product, 2018 – 2032

8.4.5.3 Market estimates and forecast, by dimension, 2018 – 2032

8.4.5.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.4.6 Japan

8.4.6.1 Market estimates and forecast, 2018-2032

8.4.6.2 Market estimates and forecast, by product, 2018 – 2032

8.4.6.3 Market estimates and forecast, by dimension, 2018 – 2032

8.4.6.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.4.7 South Korea

8.4.7.1 Market estimates and forecast, 2018-2032

8.4.7.2 Market estimates and forecast, by product, 2018 – 2032

8.4.7.3 Market estimates and forecast, by dimension, 2018 – 2032

8.4.7.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.4.8 Taiwan

8.4.8.1 Market estimates and forecast, 2018-2032

8.4.8.2 Market estimates and forecast, by product, 2018 – 2032

8.4.8.3 Market estimates and forecast, by dimension, 2018 – 2032

8.4.8.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.5 LAMEA

8.5.1 Market estimates and forecast, 2018-2032

8.5.2 Market estimates and forecast, by product, 2018 – 2032

8.5.3 Market estimates and forecast, by dimension, 2018 – 2032

8.5.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.5.5 Argentina

8.5.5.1 Market estimates and forecast, 2018-2032

8.5.5.2 Market estimates and forecast, by product, 2018 – 2032

8.5.5.3 Market estimates and forecast, by dimension, 2018 – 2032

8.5.5.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.5.6 Mexico

8.5.6.1 Market estimates and forecast, 2018-2032

8.5.6.2 Market estimates and forecast, by product, 2018 – 2032

8.5.6.3 Market estimates and forecast, by dimension, 2018 – 2032

8.5.6.4 Market estimates and forecast, by supply chain process, 2018 – 2032

8.5.7 Israel

8.5.7.1 Market estimates and forecast, 2018-2032

8.5.7.2 Market estimates and forecast, by product, 2018 – 2032

8.5.7.3 Market estimates and forecast, by dimension, 2018 – 2032

8.5.7.4 Market estimates and forecast, by supply chain process, 2018 – 2032

Chapter 9 Company Profiles

9.1 ACM Research Inc.

9.1.1 Business Overview

9.1.2 Financial Data

9.1.3 Product Landscape

9.1.4 Strategic Outlook

9.1.5 SWOT Analysis

9.2 ADVANTEST CORPORATION

9.2.1 Business Overview

9.2.2 Financial Data

9.2.3 Product Landscape

9.2.4 Strategic Outlook

9.2.5 SWOT Analysis

9.3 Applied Materials, Inc

9.3.1 Business Overview

9.3.2 Financial Data

9.3.3 Product Landscape

9.3.4 Strategic Outlook

9.3.5 SWOT Analysis

9.4 ASML

9.4.1 Business Overview

9.4.2 Financial Data

9.4.3 Product Landscape

9.4.4 Strategic Outlook

9.4.5 SWOT Analysis

9.5 Cohu Inc.

9.5.1 Business Overview

9.5.2 Financial Data

9.5.3 Product Landscape

9.5.4 Strategic Outlook

9.5.5 SWOT Analysis

9.6 EV Group (EVG)

9.6.1 Business Overview

9.6.2 Financial Data

9.6.3 Product Landscape

9.6.4 Strategic Outlook

9.6.5 SWOT Analysis

9.7 Hitachi High-Tech Corporation

9.7.1 Business Overview

9.7.2 Financial Data

9.7.3 Product Landscape

9.7.4 Strategic Outlook

9.7.5 SWOT Analysis

9.8 KLA Corporation

9.8.1 Business Overview

9.8.2 Financial Data

9.8.3 Product Landscape

9.8.4 Strategic Outlook

9.8.5 SWOT Analysis

9.9 LAM RESEARCH CORPORATION

9.9.1 Business Overview

9.9.2 Financial Data

9.9.3 Product Landscape

9.9.4 Strategic Outlook

9.9.5 SWOT Analysis

9.10 Modutek Corporation

9.10.1 Business Overview

9.10.2 Financial Data

9.10.3 Product Landscape

9.10.4 Strategic Outlook

9.10.5 SWOT Analysis

9.11 Nordson Corporation

9.11.1 Business Overview

9.11.2 Financial Data

9.11.3 Product Landscape

9.11.4 Strategic Outlook

9.11.5 SWOT Analysis

9.12 Onto Innovation

9.12.1 Business Overview

9.12.2 Financial Data

9.12.3 Product Landscape

9.12.4 Strategic Outlook

9.12.5 SWOT Analysis

9.13 Plasma-Therm

9.13.1 Business Overview

9.13.2 Financial Data

9.13.3 Product Landscape

9.13.4 Strategic Outlook

9.13.5 SWOT Analysis

9.14 SCREEN Semiconductor Solutions Co., Ltd.

9.14.1 Business Overview

9.14.2 Financial Data

9.14.3 Product Landscape

9.14.4 Strategic Outlook

9.14.5 SWOT Analysis

9.15 Semicore Equipment Inc.

9.15.1 Business Overview

9.15.2 Financial Data

9.15.3 Product Landscape

9.15.4 Strategic Outlook

9.15.5 SWOT Analysis

9.16 Siconnex

9.16.1 Business Overview

9.16.2 Financial Data

9.16.3 Product Landscape

9.16.4 Strategic Outlook

9.16.5 SWOT Analysis

9.17 Singulus Technologies AG

9.17.1 Business Overview

9.17.2 Financial Data

9.17.3 Product Landscape

9.17.4 Strategic Outlook

9.17.5 SWOT Analysis

9.18 Semsyco GmBH

9.18.1 Business Overview

9.18.2 Financial Data

9.18.3 Product Landscape

9.18.4 Strategic Outlook

9.18.5 SWOT Analysis

9.19 SPEC

9.19.1 Business Overview

9.19.2 Financial Data

9.19.3 Product Landscape

9.19.4 Strategic Outlook

9.19.5 SWOT Analysis

9.20 SPTS Technologies Ltd.

9.20.1 Business Overview

9.20.2 Financial Data

9.20.3 Product Landscape

9.20.4 Strategic Outlook

9.20.5 SWOT Analysis

9.21 Technic Inc.

9.21.1 Business Overview

9.21.2 Financial Data

9.21.3 Product Landscape

9.21.4 Strategic Outlook

9.21.5 SWOT Analysis

9.22 Toho Technology Co Ltd.

9.22.1 Business Overview

9.22.2 Financial Data

9.22.3 Product Landscape

9.22.4 Strategic Outlook

9.22.5 SWOT Analysis

9.23 UENO SEIKI Co. Ltd.

9.23.1 Business Overview

9.23.2 Financial Data

9.23.3 Product Landscape

9.23.4 Strategic Outlook

9.23.5 SWOT Analysis

9.24 ULVAC Inc.

9.24.1 Business Overview

9.24.2 Financial Data

9.24.3 Product Landscape

9.24.4 Strategic Outlook

9.24.5 SWOT Analysis

9.25 Tokyo Electron Limited (TEL)

9.25.1 Business Overview

9.25.2 Financial Data

9.25.3 Product Landscape

9.25.4 Strategic Outlook

9.25.5 SWOT Analysis

9.26 Veeco Instruments Inc

9.26.1 Business Overview

9.26.2 Financial Data

9.26.3 Product Landscape

9.26.4 Strategic Outlook

9.26.5 SWOT Analysis

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

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Authors: Suraj Gujar, Ankita Chavan

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Premium Report Details

Base Year: 2022

Companies covered: 26

Tables & Figures: 282

Countries covered: 15

Pages: 250

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