Semiconductor Manufacturing Equipment Market Revenue, Share,
Trends and Growth Drivers

The Semiconductor Manufacturing Equipment Market is slated
to grow exceptionally through 2032 owing to the surging demand for advanced
consumer electronic products. The product adoption has further encouraged
foundries and assembly providers to make additional investments to develop
semiconductor manufacturing equipment to keep up with the recent technological
trends.

To cite an instance, in July 2020, Foxconn, the global
electronics manufacturer, announced that it will open a new advanced
semiconductor assembly and test facility in Qingdao, China. The latest
initiative is likely to accelerate the company's chip production for AI and 5G
devices.

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Key market players are vying for partnerships and
acquisitions to profit from the ongoing trends in the market. For instance, in
September 2022, EVG Group (EVG) and Toppan Photomask Co. Ltd. collaborated to
promote nanoimprint lithography as a high-volume production process for the
industry. The partnership aims to boost the chip manufacturing equipment
industry, given the fact that both these firms are market leaders.

Overall, the semiconductor manufacturing equipment market is
bifurcated in terms of product, dimension, supply-chain process, and region.

Considering the product, wafer manufacturing equipment
segment is slated to amass considerable gains through 2032, driven by mounting
demand for contract packaging in consumer electronics industry. The segment
held 22% market share in 2022. The equipment is critical for removing surface
contamination and oxidized layers and chemical deposition to enhance the
semiconductor wafer quality. Some of the prominent wafer manufacturing equipment
includes, Chemical Vapor Deposition, oxidation systems, Physical Vapor
Deposition systems, and epitaxial reactors.

Based on the dimension, the 2D segment is expected to grow
at more than 5% CAGR from 2023 to 2032 driven by its exceptional attributes including
minimal cost, less production complexity, and faster delivery when compared to
other dimensions. The 2D dimension technology is widely implemented in the
production of DRAM and 2D-planar MRAM memory devices, which will drive the
market in the upcoming time.

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With respect to the supply-chain process, the IDM segment
held more than 45% market share in 2022. The segmental growth can be attributed
to the uptick in investments by IDM companies to strengthen their R&D
initiatives for high-tech and miniaturized products. To meet the substantial
demand from all market verticals, IDM businesses are primarily focused on the
design, development and production of chipsets, ICs, sensors, System on Chip
(SoC), RFID circuits, microcontrollers, and others.

From the regional outlook, the North America semiconductor
manufacturing equipment industry is projected to grow at more than 6% CAGR from
2023 to 2032, fueled by the rising number of semiconductor foundries and IDMs
in the region. Furthermore, high investments from major global firms owing to
favorable government norms supporting the electronics and semiconductor
industry are likely to foster the regional growth.

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