Semiconductor Production Equipment Market growing at a CAGR of 9% & projected to reach $209.9 billion by 2031
Semiconductor Production Equipment Market Size, Share, Competitive Landscape and Trend Analysis Report
WILMINGTON, DELAWARE, UNITED STATES, May 22, 2024 /EINPresswire.com/ — The semiconductor production equipment market has experienced significant growth, evolving from its valuation of $87.9 billion in 2021 to a projected value of $209.9 billion by 2031, with a notable compound annual growth rate (CAGR) of 9% during the period of 2022 to 2031. This market segment encompasses the manufacturing of semiconductor circuits, memory chips, and other essential components. Semiconductors, characterized by their ability to facilitate the flow of electricity due to free electrons within their structures, are pivotal in the production of various electronic devices.
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The market dynamics are influenced by several factors. The burgeoning global semiconductor industry, driven by increasing consumer demand for electronic devices, fuels the sales of new semiconductor production equipment. This demand surge is particularly notable in regions like Asia-Pacific, where significant investments in semiconductor industry development are witnessed, particularly in countries such as India and China. Moreover, the COVID-19 pandemic initially caused a downturn in demand for semiconductor production equipment due to lockdowns and economic slowdowns. However, the subsequent recovery, coupled with awareness of semiconductor supply chain vulnerabilities, has prompted increased investment in domestic semiconductor industries across various countries.
Furthermore, the integration of AI-enabled chips and connected devices worldwide presents growth opportunities for the semiconductor production equipment market. Segmentation of the market by product type, function, dimension, supply chain process, and region provides a comprehensive understanding of its landscape. Back-end equipment is anticipated to witness substantial growth, given its crucial role in assembly, inspection, and testing of semiconductors. Similarly, the integrated circuits segment dominates the market due to its indispensability in various smart electronic devices.
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The adoption of advanced technologies like 3D chip architecture drives the growth of the 3D dimension segment, whereas the IDM segment, encompassing integrated device manufacturers, is expected to maintain market dominance. Regionally, Asia-Pacific holds the largest market share, driven by its robust semiconductor industry and strategic investments by major players like TSMC and Samsung.
Competitive analysis reveals key players such as AlsilMaterial, Applied Materials Inc., ASML Holdings N.V., among others, who employ strategies like product launches and acquisitions to enhance their market position. For instance, KLA Corporation introduced the PWG5™ wafer geometry system and the Surfscan® SP7XP wafer defect inspection system, while Applied Materials Inc. acquired Picosun Oy, a Finland-based semiconductor equipment company specializing in atomic layer deposition technology.
Stakeholders in the semiconductor production equipment market can benefit from the comprehensive analysis provided in the report, including insights into current trends, market dynamics, competitive landscape, and future growth opportunities. This analysis aids in strategic decision-making and understanding the competitive outlook of the semiconductor production equipment market from 2022 to 2031.
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David Correa
Allied Market Research
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