According to the new research report the "Semiconductor Manufacturing Equipment Market with COVID-19 Impact Analysis by Front-end Equipment, Back-end Equipment, Fab Facility Equipment, Product Type, Dimension, Supply Chain Participant, Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Semiconductor Manufacturing Equipment Market was valued at USD 95.3 billion in 2021 and is projected to reach USD 175.0 billion by 2027; it is anticipated to register a CAGR of 8.5% during the forecast period. Surging demand for AI chips driven by future AI-driven workloads and applications is propelling the demand for semiconductor manufacturing equipment worldwide.
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By front-end equipment, the lithography equipment
segment is projected to hold the largest share of Semiconductor Manufacturing
Equipment Market during the forecast period
The lithography
equipment market is expected to hold the largest share due to the globally
increasing demand for semiconductor devices. The rising demand for semiconductor
chips across various end-use industries leads to the increased adoption of
photolithography equipment, which, in turn, propels the growth of the
lithography segment. Key players in the Semiconductor Manufacturing Equipment
Market are also adopting organic growth strategies to strengthen their
semiconductor manufacturing equipment product portfolio.
By back-end
equipment, above wafer testing segment is projected to witness the growth at
higher CAGR during the forecast period
The wafer
testing segment is expected grow at the highest CAGR during the forecast
period. The growth is attributed to the need of high-accuracy ICs. Modern ICs
need to incorporate multiple functions, and the complex circuitry needs proper
testing equipment to achieve accuracy.
By fab facility
equipment, chemical control equipment segment is projected to witness the
growth at higher CAGR during the forecast period
The chemical
control equipment segment is projected to grow at the highest CAGR during the
forecast period. Contamination control by chemical control equipment has a
significant impact on the yield and equipment efficiency, as these equipment
provide repeated and reliable delivery of pure chemicals during the
semiconductor manufacturing processes.
By product
type, the memory segment to hold the highest share of the Semiconductor
Manufacturing Equipment Market in 2022
The memory
segment is anticipated to hold the largest share of the Semiconductor
Manufacturing Equipment Market. An increased use of memory ICs is anticipated
in the automotive sector due to the growing trend of electric vehicles and
autonomous vehicles
Browse in-depth
TOC on "Semiconductor Manufacturing Equipment Market"
302 - Tables
79 - Figures
363 - Pages
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By dimension, the market for the semiconductor
manufacturing equipment with 3D ICs segment is expected to grow at the highest
CAGR during the forecast period
The
Semiconductor Manufacturing Equipment Market for 3D IC manufacturing is
expected to grow at the highest CAGR during the forecast period. The increased
demand for improved functionalities in and miniaturization of portable
hand-held devices such as cell phones, personal digital assistant (PDAs),
digital cameras, and laptop computers, manufacturers and IDMs are expected to
prefer 3D ICs.
By supply chain
participant, the IDM firms segment is projected to witness growth at the
highest CAGR and largest share
The market for
the IDM firms segment is expected to grow at the highest CAGR during the
forecast period. The segment also held the largest share of the Semiconductor
Manufacturing Equipment Market, as most firms are tier 1 companies with
substantial R&D spending, a vast customer base, and a significant global
presence.
By region, APAC
to hold the largest share of the Semiconductor Manufacturing Equipment Market
throughout the forecast period
In 2021, the
Semiconductor Manufacturing Equipment Market in APAC held the largest share and
by 2027, it is expected to grow at the highest CAGR during the forecast period.
The market is driven by continuous developments in the semiconductor industry,
expansion activities by the market players in the region, and financial support
for the semiconductor industry by Asian governments. The region also has the
presence of several semiconductor manufacturing equipment companies such as
Tokyo Electron Limited, SCREEN Holdings Co., Ltd., Advantest, Hitachi High-Tech
Corporation, Nikon Corporation, Daifuku Co. Ltd., and others.
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