PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531087
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531087
Market Overview
In 2024, the semiconductor manufacturing equipment industry is projected to produce an estimated revenue of USD 100.2 billion, and it is projected to experience a CAGR of 10.5% over the projection period, to attain USD 182.5 billion by the end of the decade.
This growth is attributed to the increasing consumer trends for personal entertainment equipment including laptops, digital cameras, and mobile phones. Furthermore, they pointed to the fact that key technological developments in all industries, whether for faster data communication or manufacturing lines, are hinged on semiconductors. In turn, it also caters to the increasing demand of end-use sectors such as consumer electronics, automotive, IT & telecom, manufacturing, power & energy, and virtually all sectors.
In this strategy, the major market players are working on the speed of manufacturing and the nanoimprint lithography technology. For instance, in July 2023 India and Japan may sign an MoU in the semiconductor development sector where the focus area of India will be the advanced packaging of the devices at various levels. Well, India wants to produce electronic and optoelectronic parts that are used in 4G 5G, and fiber optic solutions.
Through continued investment in R & D, innovative and improved material and processes, lithography, three-dimensional chip interconnection and packaging, integrated and intelligent manufacturing, and industry four. Several developments have transpired in the last decade: advanced optical metrology and inspection technologies, next-generation metrology and inspection, and green, sustainability manufacturing processes. They are contributing to a positive impact by increasing innovation, efficiency, and competitiveness in semiconductor manufacturing equipment.
Due to the new generation, the use of logic circuits, Integrated Circuit chips, and numbers of other semiconductor parts are increasing tremendously in electric vehicles, home appliances, electronic gadgets, medical instruments, and industrial machinery.
Key Insights
In 2024, the front-end category grips 70% industry share and is projected to advance at 10.7% CAGR, important for semiconductor wafer manufacturing processes.
In 2024, the lithography within front-end grips largest share because of EUV equipment decreasing semiconductor production prices.
Back-end driven by compact packaging solutions for automotive and consumer electronics industries.
In 2024, the memory category holds 25% industry share, utilized in IoT devices, smartphones, servers, and computers for data storage.
Logic components experience 10.9% CAGR, vital for data processing abilities in electronic circuits.
In 2024, the 3D category holds 50% industry share and has 10.8% CAGR, used in cell phones, digital cameras, and PDAs for higher performance and efficiency.
Semiconductor fabrication plant/foundry dominates with 55% share in 2024 and grows at 10.8% CAGR, driven by demand from automotive, electronics, and medical devices industries.
Integrated device manufacturer (IDM) category holds 45% market share in 2024, managing semiconductor supply chain from design to assembly.
Asia-Pacific holds 50% revenue share in 2024, driven by semiconductor industry growth, production volume expansion, and government support.
North America expected to grow significantly with financial support for foundries, aiming to establish factories in subsidized areas.
Europe focusing on semiconductor market, investing in foundries to reduce dependence on China and boost local production.
MEA and LATAM markets projected to grow with entry of overseas players, rising consumer spending on electronics due to increased disposable income.