The global Semiconductor Production Equipment Market size was valued at $71.8 billion in 2020, and is projected to reach $259.7 billion by 2030, registering a CAGR of 12.9% from 2021 to 2030.
Top Companies
Key companies profiled in the semiconductor production equipment market report include AlsilMaterial, Applied Materials Inc., ASML Holdings N.V., Intel Corporation, Micron Technology Inc., Qualcomm Technologies, Inc., Samsung Group, Screen Holdings Co., Ltd., Teradyne Inc., and Tokyo Electron Limited.
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The semiconductor production equipment is used to manufacture semiconductor chips and hybrid chips are termed as semiconductor production equipment. The semiconductor business is broad with a diverse set of uses. The semiconductor manufacturing equipment business is divided into two categories, front end equipment and back end equipment. Semiconductor manufacturing equipment is a critical component in the production and fabrication of semiconductors. Manufacturing semiconductor is a time-consuming procedure that necessitates a high-quality fabrication facility. Diffusion system, epitaxial reactors, ion producing equipment, physical vapor, and depositing systems are all examples of semiconductor manufacturing equipment.
The advancement of R&D facilities and growth in foundries continue to drive the semiconductor manufacturing equipment market forward. The market for consumer electronics is increasing due to rising demand. The industry is also being supplemented by an increase in number of servers and data centers. The most recent advancements in electronic products have resulted in a desire for high performance electronic devices, high functionality, tiny form factor, and low cost. This has boosted the market growth and surged the demand for the 3D sector even further.
Market key players are implementing strategies, such as merger, acquisition, agreement, collaboration, and product launch, to strengthen their market position. For instance, in July 2021, Intel Corporation and Bharti Airtel communication collaborated to drive network development of 4G and 5G virtualized radio access network (vRAN) and open radio access network (RAN) technology to transform Airtel network to expand its 5G network for its customers. Furthermore, in June 2021, Intel Corporation collaborated with Microsoft to deliver a completely reimagined computing experience with the upcoming Windows 11 for more than three-fourths of Windows PCs powered by Intel processors. Thus, these strategic moves are expected to provide positive impact to the semiconductor production equipment market growth during the forecast period.
However, due to lockdown imposed in countries, such as China, the U.S., India, and others, due to the coronavirus pandemic, numerous manufacturers in the global semiconductor production equipment market had to halt their business production. This disruption has a direct impact on the sales of semiconductor production equipment. However, it is expected that the reopening of production facilities and the introduction of coronavirus vaccines will lead to the reopening of semiconductor production equipment firms.
Furthermore, rising investment by the key players to establish new manufacturing facilities will fuel the market growth. For instance, in May 2021, Tokyo Electron inaugurated its new development center at Hosaka Branch Office to meet the recent demand in the semiconductor market and also boost up the production rate. Thus, these business expansions will provide lucrative growth and opportunities in the market during forecast period.
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