Semiconductor Manufacturing Equipment Market Report Scope & Overview:

The Semiconductor Manufacturing Equipment Market Size was valued at USD 91.6 billion in 2023 and is expected to reach USD 202 billion by 2031, growing at a CAGR of 10.36% over the forecast period 2024-2031.

The growth of semiconductor production is due to increased demand in the consumer electronics sector and automobiles worldwide. Automotive electronics accessories include e-bike systems electronic control units (ECUs), body electronics and ECU components, mechatronic power module modules, semiconductors sensors, electrical power, and modules. An increasing number of power systems require small controls, analog devices, and sensors that improve the semiconductor manufacturing equipment industry. In addition, semiconductors have an important application in self-parking cars and expected breakdowns. The automotive industry can use semiconductors in a variety of components including chassis, electrical systems, networks, power trains, infotainment, safety, and control which contributes significantly to the growth of the semiconductor manufacturing Equipment industry thus contributing to market growth.

Semiconductor Manufacturing Equipment Market Revenue Analysis

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  • Rise in demand for semiconductor fabrication facilities.

  • Increasing demand for AI chips.


  • Semiconductors are extremely complicated to fabricate.

  • Functional defects restrain the semiconductor production process.


  • Government initiatives in the semiconductor industry to boost this sector.


  • Supply chain disruption due to temporary shutdown.


COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

The COVID-19 epidemic has had a devastating effect on the semiconductor manufacturing equipment market in 2020 and 2021, leading to a decline in market players' incomes. As a result, immersion was proven in market growth in 2020 and in the first half of 2021. Demand for Front-End, Back-End, and FAB machines is expected to grow exponentially. production capacity and spike demand by buyers of electric vehicles and hybrid electric vehicles by the third or fourth quarter of 2022.

By product, the semiconductor manufacturing equipment market is subdivided into Memory, Logic, Foundry, MPU, and Discrete. The memory segment is expected to hold the largest share of the semiconductor manufacturing equipment market. Increased use of memory ICs is expected in the automotive sector due to the growth of electric vehicles and private vehicles.

By Front-End-Equipment, the semiconductor manufacturing equipment market is subdivided into Lithography Equipment, Wafer Cleaning Equipment, Water Surface Conditioning Equipment, and Deposition Equipment. Among all of these, the Lithography equipment sector holds the highest share of the market.

By Back-End-Equipment, the semiconductor manufacturing equipment market is subdivided into Assembly and Packaging, Metrology, Water Testing, Dicing, and Bonding. Among these wafer testing sector is forecasted to hold the highest CAGR.

By FAB Facility Equipment, the semiconductor manufacturing equipment market is subdivided into Automation Equipment, Gas Control Equipment, Chemical Control Equipment, and Others. It is forecasted that the chemical control equipment sector is to dominate the market.

Market Segmentation:


  • Memory

  • Logic

  • Foundry

  • MPU

  • Discrete


  • 2D

  • 2.5D

  • 3D


  • Assembly and Packaging

  • Metrology

  • Water Testing

  • Dicing

  • Bonding


  • Lithography Equipment

  • Wafer Cleaning Equipment

  • Water Surface Conditioning Equipment

  • Deposition Equipment


  • Automation Equipment

  • Gas Control Equipment

  • Chemical Control Equipment

  • Others


  • OSAT Companies

  • IDM Firms

  • Foundries


In 2021, the APAC semiconductor manufacturing equipment market grabbed the largest share, and by 2030, it is expected to grow at the highest CAGR at the time of forecasting. The market is driven by ongoing developments in the semiconductor industry, expanding activities by regional market players, and the financial support of the semiconductor sector by Asian governments. Several semiconductor machinery businesses are also located in the region.

Semiconductor Manufacturing Equipment Market By Region

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  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the Semiconductor Manufacturing Equipment are Tokyo Electron Limited, ASML, Hitachi High-Tech Corporation, EV Group, Advanced Dicing Technologies, Evatec, Nikon Corporation, FormFactor, Lam Research Corporation, KLA Corporation, Advantest, Plasma-Therm, Nordson, QP Technologies, Modutek, Daifuku, Canon & Other Players.

Hitachi High Tech Corporation-Company Financial Analysis

Company Landscape Analysis

Semiconductor Manufacturing Equipment Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 91.16 Billion
Market Size by 2031 US$ 202 Billion
CAGR CAGR of 10.36 % From 2024 to 2031
Base Year 2022
Forecast Period 2024-2031
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by product (Memory, Logic, Foundry, MPU, Discrete)
• by Dimension (2D, 2.5D, 3D)
• by Back End Equipment (Assembly and Packaging, Metrology, Water Testing, Dicing, Bonding)
• by Front End Equipment (Lithography Equipment, Wafer Cleaning Equipment, Water Surface Conditioning Equipment, Deposition Equipment)
• by FAB Facility Equipment (Automation Equipment, Gas Control Equipment, Chemical Control Equipment, Others)
• by supply chain participant (OSAT Companies, IDM Firms, Foundries)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Tokyo Electron Limited, ASML, Hitachi High-Tech Corporation, EV Group, Advanced Dicing Technologies, Evatec, Nikon Corporation, FormFactor, Lam Research Corporation, KLA Corporation, Advantest, Plasma-Therm, Nordson, QP Technologies, Modutek, Daifuku, Canon and Other players.
Key Drivers • Emergence of Wi-Fi connectivity and high-speed broadband connections.
• Increasing demand for interlink automobiles, security, and comfort.
Restraints • Concern about privacy and security.

Frequently Asked Questions

The Semiconductor Manufacturing Equipment Market size was valued at USD 202 billion in 2023 at a CAGR of 10.36%.

The key players in the Semiconductor Manufacturing Equipment are Tokyo Electron Limited, ASML, Hitachi High-Tech Corporation, EV Group, Advanced Dicing Technologies, Evatec, Nikon Corporation, FormFactor, Lam Research Corporation, KLA Corporation, Advantest, Plasma-Therm, Nordson, QP Technologies, Modutek, Daifuku, Canon and Other.

Rise in demand for semiconductor fabrication facilities and Increasing demand for AI chips.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Semiconductor Manufacturing Equipment Market Segmentation, by product


8.2 Memory

8.3 Logic

8.4 Foundry

8.5 MPU

8.6 Discrete

9. Semiconductor Manufacturing Equipment Market Segmentation, by dimension

9.1 Introduction

9.2 2D

9.3 2.5D

9.4 3D

10. Semiconductor Manufacturing Equipment Market Segmentation, by Back End Equipment

10.1 Introduction

10.2 Assembly and Packaging

10.3 Metrology

10.4 Water Testing

10.5 Dicing

10.6 Bonding

11. Semiconductor Manufacturing Equipment Market Segmentation, by Front End Equipment

11.1 Introduction

11.2 Lithography Equipment

11.3 Wafer Cleaning Equipment

11.4 Water Surface Conditioning Equipment

11.5 Deposition Equipment

12. Semiconductor Manufacturing Equipment Market Segmentation, by FAB Facility Equipment

12.1 Introduction

12.2 Automation Equipment

12.3 Gas Control Equipment

12.4 Chemical Control Equipment

12.5 Others

13. Semiconductor Manufacturing Equipment Market Segmentation, by supply chain participant

13.1 Introduction

13.2 OSAT Companies

13.3 IDM Firms

13.4 Foundries

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

15 Company Profiles

15.1 Hitachi High-Tech Corporation

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Tokyo Electron Limited

15.3 ASML

15.4 EV Group

15.5 Advanced Dicing Technologies

15.6 Evatec

15.7 Nikon Corporation

15.8 FormFactor

15.9 Lam Research Corporation

15.10 KLA Corporation

15.11 Advantest

15.12 Plasma-Therm

15.13 Nordson

15.14 QP Technologies

15.15 Modutek

15.16 Daifuku

15.17 Canon

15.18 Other

16 Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share analysis

16.3 Recent Developments

17 Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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