According to Future Market Insights, the worldwide semiconductor capital equipment market is predicted to rise significantly between 2023 and 2033. The market is expected to be worth $161 billion by 2033, with a 7.0% compound annual growth rate. This is a significant increase above the expected value of US$ 82 billion in 2023.
The increasing demand for improved electronic gadgets is the primary driver of market growth. These gadgets demand high-performance semiconductors. Emerging technologies rely significantly on semiconductors to provide processing power. As a result, the need for semiconductor capital equipment is growing.
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The increasing complexity of manufacturing processes is anticipated to offer opportunities for semiconductor capital equipment manufacturers. Advanced packaging techniques are contributing to this complexity. Capital equipment manufacturers can develop innovative solutions to meet the demands of these processes.
Key Takeaways from this Market:
- The semiconductor capital equipment industry in the United States is predicted to reach US$ 26.7 billion by 2033.
- The semiconductor capital equipment industry in the United Kingdom is estimated to expand at a CAGR of 5.4% between 2023 and 2033.
- During the forecast period, the semiconductor capital equipment industry in China is expected to reach a market valuation of US$ 42.2 billion.
- The semiconductor capital equipment industry in Japan is predicted to boom at a 7.2% CAGR through 2033.
- South Korea’s semiconductor capital equipment industry is predicted to achieve a market revenue of US$ 10.1 billion by 2033.
- With a CAGR of 6.9% from 2023 to 2033, the wafer-level manufacturing equipment segment is expected to dominate the semiconductor capital equipment industry.
- With a CAGR of 6.8%, the memory manufacturers segment is expected to dominate the semiconductor capital equipment industry until 2033.
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Growth Drivers
- Rising demand for Consumer Electronics
The desire for convenience in our daily lives, along with improved connection and technical breakthroughs, is driving the expanding demand for consumer electronics.
- Technological Advancements
Innovations in technology are essential to the consumer electronics sector. Innovation in areas including connectivity, battery life, display technologies, and CPUs has resulted in gadgets that are more potent, effective, and adaptable.
- AI and Data Centers
The semiconductor capital equipment market is significantly impacted by data centers and artificial intelligence. AI is being utilized to increase yield and efficiency in a number of semiconductor manufacturing processes, including defect identification, process optimization, and quality control.
Key Players
- Applied Materials
- ASML Holding N.V.
- KLA-Tencor
- Lam Research
- Tokyo Electron
- ASM International
- Advantest
- Hitachi High-Technologies
- Kulicke & Soffa
- Nikon
Recent Developments:
- Lam Research opened its second research and development center in India in September 2022. The primary objective is to empower local engineers to finalize designs and decrease reliance on their counterparts in the United States.
- KLA Corporation unveiled its intentions to create a fresh research and development division as well as a manufacturing center for its SPTS division in the United Kingdom in September 2022.
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Market Segmentation:
By Product:
- Wafer-level Manufacturing Equipment
- Die-level Packaging and Assembly Equipment
- Automated Test Equipment
By Application:
- Foundries
- Memory Manufacturers
- Integrated Device Manufacturers (IDMs)
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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