The Semiconductor Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Semiconductor Machinery Global Market Report 2024, The semiconductor machinery market size has grown strongly in recent years. It will grow from $162.44 billion in 2023 to $174.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing demand for electronic devices, growing automotive electronics, demand for energy efficiency, expansion of data centers, government initiatives.
The semiconductor machinery market size is expected to see strong growth in the next few years. It will grow to $225.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to iot and connectivity, 5g and connectivity expansion, miniaturization of semiconductor chips, increasing adoption of sustainable manufacturing practices, growing demand for high-purity and high-performance materials . Major trends in the forecast period include advanced packaging technologies, extreme ultraviolet (euv) lithography, smart manufacturing and industry 4.0, sustainability and green manufacturing, collaborative robotics.
The growing demand for electric vehicles is a key factor driving the growth of the semiconductor machinery market. The demand for electric cars is increasing attributed to the surge in the number of charging stations across the globe. The advances in the semiconductor industry give the potential for longer battery life for electric vehicles. In addition to improving the operational appeal of electric vehicles, the commercialization of this innovation also offers a prime business opportunity for semiconductor manufacturers. According to the annual Global Electric Vehicle Outlook 2022, an annual report published by International Energy Agency (IEA), an intergovernmental organisation, the sales of electric cars including fully electric and plug-in hybrids were doubled in 2021 to reach new record of 6.6 million. In 2021, electric cacloor sales were nearly tripled to 3.3 million in China, accounting for about half of the global total. Therefore, the growing demand for electric vehicles is expected to drive the growth of the semiconductor machinery market.
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The semiconductor machinery market covered in this report is segmented –
1) By Type: Front-End Equipment; Back-End Equipment; Fab Facility Equipment
2) By Product: Memory; Foundry; Logic; MPU; Discrete; Analog; MEMS; Other Products
3) By Supply Chain Participant: OSAT Companies; IDM Firms; Foundries
4) By Application: Integrated Circuit; Discrete Device; Optoelectronic Device; Sensors
The semiconductor machinery market report table of contents includes:
1. Executive Summary
2. Semiconductor Machinery Market Characteristics
3. Semiconductor Machinery Market Trends And Strategies
4. Semiconductor Machinery Market – Macro Economic Scenario
5. Global Semiconductor Machinery Market Size and Growth
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26. South America Semiconductor Machinery Market
27. Brazil Semiconductor Machinery Market
28. Middle East Semiconductor Machinery Market
29. Africa Semiconductor Machinery Market
30. Semiconductor Machinery Market Competitive Landscape And Company Profiles
Top Major Players:
- ASML Holding N.V
- Tokyo Electron Ltd
- Lam Research Corp
- Applied Materials Inc
- KLA-Tencor Corp
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