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 observed during the historical period can be attributed to factors such as the increasing demand for electronic devices, the expansion of automotive electronics, the emphasis on energy efficiency, the growth of data centers, and various government initiatives supporting the semiconductor industry.

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 anticipated growth in the forecast period can be attributed to various factors, including the proliferation of IoT (Internet of Things) and connectivity solutions, the expansion of 5G and connectivity technologies, the trend towards miniaturization of semiconductor chips, the increasing adoption of sustainable manufacturing practices, and the growing demand for high-purity and high-performance materials in semiconductor production. Major trends expected in the forecast period include advancements in packaging technologies, the use of extreme ultraviolet (EUV) lithography, the adoption of smart manufacturing and Industry 4.0 practices, a focus on sustainability and green manufacturing, and the integration of collaborative robotics in semiconductor manufacturing processes.

The semiconductor machinery market is experiencing significant growth, driven by the increasing demand for electric vehicles. The rise in electric car adoption can be attributed to the growing number of charging stations worldwide. Advances in the semiconductor industry are enabling longer battery life for electric vehicles, enhancing their appeal and offering substantial business opportunities for semiconductor manufacturers. According to the International Energy Agency's (IEA) Global Electric Vehicle Outlook 2022, sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021, reaching a new record of 6.6 million. Notably, electric car sales nearly tripled to 3.3 million in China in 2021, accounting for about half of the global total. Therefore, the increasing demand for electric vehicles is expected to be a key driver of the semiconductor machinery market's growth.

The primary types of semiconductor machinery include front-end equipment, back-end equipment, and fab facility equipment. Front-end equipment in semiconductor machinery is employed for the packaging, testing, and assembly of integrated circuits. Various product categories within this domain include memory, foundry, logic, MPU (Microprocessing Unit), discrete, analog, MEMS (Micro-Electro-Mechanical Systems), and other related products. The semiconductor supply chain involves OSAT (Outsourced Semiconductor Assembly and Test) companies, IDM (Integrated Device Manufacturer) firms, and foundries. These machines are used in the production of integrated circuits, discrete devices, optoelectronic devices, and sensors.

The semiconductor machinery market research report is one of a series of new reports that provides semiconductor machinery market statistics, including semiconductor machinery industry global market size, regional shares, competitors with a semiconductor machinery market share, detaileqd semiconductor machinery market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor machinery industry. This semiconductor machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The semiconductor machinery market is also expected to benefit from the rising demand for renewable electricity. Semiconductor manufacturing processes are energy-intensive, and the use of renewable electricity sources can significantly reduce the carbon footprint of semiconductor fabs. These sources provide clean and sustainable energy, helping semiconductor companies meet environmental goals while lowering energy costs. For instance, in 2022, a record 40% of power in the UK was generated by renewable sources, representing a 5% increase from 2021. Therefore, the increasing demand for renewable electricity is a driving force behind the growth of the semiconductor machinery market.

The supply chain issues are posing challenges to the semiconductor machinery market's growth during the forecast period. These issues refer to unexpected disruptions in the supply chain network, resulting in longer lead times for obtaining necessary components and materials. Extended lead times can lead to production delays, making it challenging for manufacturers to fulfill orders in a timely manner, potentially causing customer dissatisfaction and missed opportunities. For instance, businesses reported delays in manufacturing and supply services, revenue declines, and customer losses in various cases. Given this situation, about 23% of companies believe supply chain problems will persist into the summer of 2023. As a result, supply chain issues are hindering the growth of the semiconductor machinery market.

Major companies operating in the semiconductor machinery market are focusing on innovation, introducing new technological products such as semiconductor wafer transfer robots to enhance profitability. These robots are designed to automate the movement of wafers between cassettes, boats, and process equipment, specifically for the semiconductor industry. For example, Nidec Sankyo Corporation launched a new semiconductor wafer transfer robot with the capability to switch between four cassettes, potentially improving semiconductor production efficiency.

Major companies are introducing innovative products such as Coronus DX to drive profitability in the semiconductor machinery market. Coronus DX is a bevel deposition solution developed by Lam Research Corporation to address production challenges in applications involving 3D NAND, next-generation logic, and advanced packaging. This solution creates a protective layer of specialized film on both sides of the wafer edge, reducing the risk of damage and defects during advanced semiconductor fabrication.

In June 2022, Applied Materials, Inc., a US-based semiconductor equipment company, acquired Picosun Oy, a Finland-based pioneer in atomic layer deposition (ALD). This acquisition provides Applied Materials, Inc. with access to Picosun Oy's technology and an opportunity to expand its specialty semiconductor chip portfolio, enhancing its position in the market.

Major companies operating in the semiconductor machinery market include ASML Holding N.V., Tokyo Electron Ltd., Lam Research Corp, Applied Materials Inc., KLA-Tencor Corp, SCREEN Holdings Co. Ltd., Teradyne Inc., Toshiba Corporation, Danaher Corporation, Advantest Corporation., ASYS Group, Axcelis Technologies Inc., Brooks Automation Inc., Canon Inc., Disco Corporation, Edwards Limited, Hitachi High-Technologies Corporation, Nikon Corporation, Nova Measuring Instruments Ltd., Onto Innovation Inc., Orbotech Ltd., Plasma-Therm LLC, Rudolph Technologies Inc., SPTS Technologies Ltd., Ultratech Inc., Veeco Instruments Inc., Xcerra Corporation, Yield Engineering Systems Inc., Zygo Corporation, Siconnex Customized Solutions GmbH, SÜSS MicroTec SE

Asia-Pacific was the largest region in the semiconductor machinery market in 2023. Western Europe was the second-largest region in the global semiconductor machinery market. The regions covered in the semiconductor machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the semiconductor machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The semiconductor machinery market consists of sales of dicing machines, precision accretech dicing blades, probing machines, polish grinders, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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