New York, June 22, 2023 (GLOBE NEWSWIRE) -- According to Persistence Market Research, worldwide demand for semiconductor capital equipment market is projected to increase at a CAGR of 6.8% from 2023 to 2033. The report forecasts that the value of the market will reach US$ 152.43 billion by the end of 2033.
Semiconductor capital equipment refers to specialized machinery, tools, and systems that are used to manufacture semiconductor devices such as integrated circuits (ICs), microchips, and other related components. This capital equipment is critical for the production of semiconductors as they are used to create and manipulate the tiny structures on the surface of silicon wafers that make up the components of a semiconductor device.
Key Takeaways from Market Study
- The global semiconductor capital equipment is predicted to reach US$ 152.43 billion in value by the end of 2033.
- By industry, consumer electronics occupied a leading market share of 33.5% in 2022.
- By type, wafer-level manufacturing equipment is estimated to account for 46% share of semiconductor capital equipment demand in 2023.
- East Asia held a market share of 28.9% in 2022, followed by North America at 22.5% and Western Europe at 18.6%.
“Due to a rise in the production of consumer electronics, the semiconductor capital equipment market is estimated to grow significantly over the coming years. Extensive usage of wafer-level manufacturing equipment due to its improved production efficiency is projected to majorly influence market growth,” says a Persistence Market Research analyst.
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Rising Demand for Automation Necessitating Increased Utilization of Semiconductor Capital Equipment for IC Production
Demand for automation is one of the primary drivers of the semiconductor capital equipment market. The increasing need for automation in various industries, such as electronics, automotive, and aerospace, is driving the demand for semiconductor capital equipment.
This equipment is used in the manufacturing of semiconductor chips, which are essential components in various electronic devices. Demand for automation is driven by the need for increased efficiency, accuracy, and precision in the manufacturing process, as well as the need to reduce labor costs.
Increasing Investments by Governments in New Electronics Manufacturing Facilities Utilizing Advanced Semiconductor Capital Equipment
Semiconductor shortage has prompted companies and governments to invest in the establishment of more semiconductor manufacturing facilities. This includes the construction of fabrication plants and assembly and testing facilities. Setting up these new facilities requires a range of capital equipment, from cleanroom infrastructure to manufacturing tools and equipment. Capital equipment manufacturers can capitalize on this opportunity by supplying the necessary equipment for these new facilities.
New manufacturing facilities may have specific requirements based on their process technologies, product lines, and capacity needs. Capital equipment manufacturers can seize this opportunity by offering customized equipment solutions tailored to the needs of these facilities. By collaborating closely with semiconductor manufacturers and understanding their unique requirements, equipment manufacturers can develop specialized equipment that optimizes production processes and meets specific facility needs
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Competitive Analysis
Major industry companies are increasing their manufacturing capacity as a result of the rising demand for electronic products. They are also focusing on making their products more easily available and more reasonably priced to meet the demands of the semiconductor industry.
Here are some additional players: Applied Materials, ASML Holding, Lam Research, Tokyo Electron, KLA Corporation, Nikon, ASM Pacific Technology, Hitachi High-Technologies, SCREEN Holdings, Canon
Recent Developments
- In 2021, Applied Materials launched its "Endura® Copper Barrier Seed IMS" system, which enables advanced copper interconnects for the production of high-performance chips.
- In 2022, ASML announced plans to invest €2.5 billion in R&D and expand its manufacturing capacity to meet the growing demand for its lithography systems.
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More Valuable Insights on Offer
Persistence Market Research’s report on the semiconductor capital equipment industry is segmented into three sections: Type (assembly equipment, automated test equipment, wafer-level manufacturing equipment), industry (consumer electronics, healthcare, automotive, information technology & telecommunication, others), and region (North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, Central Asia, Russia & Belarus, Balkans & Baltics, and the Middle East and Africa).
For additional information on how the semiconductor capital equipment market will shape up in the near future, write to the team of expert research analysts at media@persistencemarketresearch.com
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About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations—the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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