Photolithography Equipment is the fastest growing segment fueling the growth of Semiconductor Equipment Market
Semiconductor equipment is used for various semiconductor manufacturing processes such as front-end equipment, back-end equipment, lithography, etching, deposition, and cleaning and others. These equipment are utilized to manufacture integrated circuits and other advanced devices.
The global Semiconductor Equipment Market is estimated to be valued at US$ 83.3 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends witnessed in the semiconductor equipment market is the adoption of EUV lithography technology. Extreme ultraviolet lithography (EUVL) is the latest addition in the field of photolithography. EUVL resolution can scale from few nanometers to less than 10 nanometers thereby allowing design and manufacturing of nano-scale electronic components. The usage of EUV lithography technology will help in meeting the manufacturing process requirements of future semiconductor chips with more transistor densities and higher performance. This is expected to drive the demand for EUV lithography equipment in the coming years.
Segment Analysis
The global semiconductor equipment market is segmented by equipment type, front-end equipment and back-end equipment. The front-end equipment segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. This is because front-end equipment plays a critical role in manufacturing integrated circuits and semiconductors. Lithography equipment, which plays a vital role in circuit patterning, held the largest share within the front-end equipment segment in 2022.
Key Takeaways
The global Semiconductor Equipment Market Share is expected to witness high growth, exhibiting CAGR of 9.3% over the forecast period 2023 to 2030, due to increasing demand for consumer electronics and proliferation of semiconductor ICs in various end-use industries. The market size for 2023 is US$ 83.3 Bn.
Regionally, Asia Pacific dominated the global semiconductor equipment market in 2022 and is expected to maintain its leading position throughout the forecast period. This can be attributed to the presence of leading semiconductor players and growing electronics manufacturing hubs in countries like China, Taiwan, and South Korea.
Key players operating in the semiconductor equipment market are Applied Materials, Inc., ASML Holding, Canon, Tokyo Electron, Lam Research, KLA-Tencor, Dainippon Screen, Advantest, Teradyne, and Hitachi High-Technologies. These players are focusing on new product launches and mergers & acquisitions to strengthen their market position. For instance, in 2022, Applied Materials announced the acquisition of Picosun Oy, a leading supplier of atomic layer deposition (ALD) systems.
For more details on the report, Read-
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