Semiconductor Equipment Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Manufacturers and Future Opportunities Till 2033


Semiconductor Equipment Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Manufacturers and Future Opportunities Till 2033: SPER Market Research

 Published: Jan-2024
 Author: SPER Analyst

Semiconductor Manufacturing Equipment Market is projected to be worth USD 248.02 billion by 2033 and is anticipated to surge at a CAGR of 10.61%.

A semiconductor is a substance that possesses certain electrical properties that enable it to serve as the foundation for electronic devices, including computers. Generally, it's a solid chemical element or compound that conducts electricity in some situations and not in others. It is hence the ideal medium for controlling electrical current in household appliances. The semiconductor manufacturing equipment is used to actually make the semiconductors. In order to create highly integrated circuitry on a wafer, these devices manipulate atoms using lithography, deposition, and etching procedures. The wafer is sliced, and then the chips are properly wrapped.

Global Semiconductor Manufacturing Equipment Market Driving Factors and Challenges

The surge in demand for consumer electronics can be ascribed to the rising disposable income across populations and the increasing demand for sophisticated electronic devices. The market is expected to expand in the next years due to an increase in demand for semiconductors brought about by the increasing popularity of electronic devices in daily life, the office, and entertainment. The demand for connected automobiles, cloud computing, and 5G network developments will all likely drive-up demand for semiconductor fabrication equipment. People are also eager to spend more money on state-of-the-art gadgets in order to improve their quality of life and their experience with electronics. 

There are still production problems even once semiconductor facilities are finished. One such problem is the lack of skilled workers. To create semiconductor chips, one needs experts with the know-how and skills to use specialised machinery, such CNC machines, to transform raw materials into finished goods. The global talent gap in the semiconductor business is a serious problem because of varying degrees of qualified workforce shortages in important locations. It was very difficult to locate engineering expertise for key jobs in the semiconductor industry.

Impact of COVID-19 on Global Semiconductor Manufacturing Equipment Market
Numerous manufacturing processes failed as a result of the partial or complete shutdown brought on by the worldwide COVID-19 outbreak. Moreover, during the first and second quarters of 2020 (January 2020 - June 2020), production facilities, ceased manufacturing-related operations, and supply chain disruptions had a negative impact on the market's growth.  It is anticipated that demand for front-end and back-end manufacturing equipment would rise in tandem with the growing need for semiconductor chips and components. The long-term growth of the market is also expected to be fueled by client adoption of cutting-edge technologies and research and development initiatives.

Semiconductor Manufacturing Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Advantest Corporation, Applied Materials, Inc., ASML, Hitachi, Ltd., KLA Corporation, Lam Research Corporation, Plasma-Therm, SCREEN Holdings Co., Ltd., Teradyne, Inc., Tokyo Electron Limited and others. 

Global Semiconductor Manufacturing Equipment Market Segmentation:

By Back-end Equipment: Based on the Back-end Equipment, Global Semiconductor Equipment Market is segmented as; Assembly & Packaging, Bonding, Dicing, Metrology, Wafer Testing

By Fab Facility Equipment: Based on the Fab Facility Equipment, Global Semiconductor Equipment Market is segmented as; Automation, Chemical Control, Gas Control 

By Front-end Equipment: Based on the Front-end Equipment, Global Semiconductor Equipment Market is segmented as; Deposition, Lithography, Wafer Cleaning, Wafer Surface Conditioning

By Supply Chain Participant: Based on the Supply Chain Participant, Global Semiconductor Equipment Market is segmented as; Foundries, IDM Firms, OSAT Companies.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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