PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1426957
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1426957
Semiconductor Assembly Equipment Market is set to record a CAGR of over 9% between 2024 and 2032, owing to the technological advancements. The relentless pursuit of innovation in semiconductor manufacturing processes is driving the development of more advanced assembly equipment. This includes equipment capable of handling smaller and more complex components, leading to enhanced efficiency and productivity in the semiconductor assembly process.
Additionally, the surging demand for consumer electronics, such as smartphones, tablets, and smart devices, is propelling the industry growth. As per the reports from GSMA Intelligence, there were around 5.60 billion smart phone users, and around 1.28 billion tablet users in 2022 across the globe.
The worldwide semiconductor assembly equipment industry is segmented on the basis of type, application, end use, and region.
Die bonder segment is slated to gain momentum and record a strong CAGR through 2032, due to advanced packaging solutions for the evolving needs. As semiconductor devices become more complex and compact, die bonder helps in precisely placing and bonding individual semiconductor components onto substrates. This level of precision is important for achieving miniaturization and for enhancing overall device performance.
Automotive segment is anticipated to observe a significant CAGR during 2024 and 2032, driven by the rising integration of advanced semiconductor technologies in modern vehicles. As the automakers shift towards electric and autonomous vehicles, there is a demand for semiconductor components to power sophisticated features such as sensors, AI-driven systems, and connectivity solutions. This surge in semiconductor adoption within the automotive sector drives the need for specialized assembly equipment capable of meeting the stringent requirements for reliability, durability, and precision.
North America semiconductor assembly equipment market will grow substantially between 2024 and 2032, attributed to the strong presence of major semiconductor manufacturers and an emphasis on R&D. The region's commitment towards the initiatives fosters a continuous cycle of advancements in semiconductor assembly processes. Moreover, the growing focus on reshoring semiconductor manufacturing activities bolsters domestic semiconductor production capabilities, accelerating the industry growth in North America.