The semiconductor industry relies heavily on specialized manufacturing equipment. In 2022, the market was dominated by a handful of key players, with Applied Materials leading the pack with a 20 percent market share. ASML followed closely behind at 18 percent, while Lam Research, Tokyo Electron, and KLA rounded out the top five. Semiconductor equipment from across the world Investment in semiconductor manufacturing is expanding rapidly, with the procurement of the necessary equipment fiercely competitive. China has emerged as a major buyer, with equipment spending reaching 36.6 billion U.S. dollars in 2023. South Korea and Taiwan are also making significant investments, spending 19.94 billion and 19.62 billion U.S. dollars, respectively. Semiconductors in high demand As semiconductor demand increases across all sectors, the battle between companies and between regions across the world to obtain the necessary equipment is intense. As such, semiconductor equipment suppliers must navigate technological and supply chain challenges to meet the needs of their customers and serve a growing semiconductor industry.

The Global Semiconductor Equipment Market is segmented By Equipment Type (Front-end Equipment (Lithography Equipment, Etching Equipment, Deposition Equipment, Metrology/Inspection Equipment, Material Removal/Cleaning Equipment, Photoresist Processing Equipment) and Back-end Equipment (Test Equipment, Assembly and Packaging Equipment)), Supply Chain Participant (IDM, OSAT, Foundry), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

The global semiconductor manufacturing equipment market size is valued at US$ 105.1 billion in 2024. The market is predicted to expand at a CAGR of 7.7% during the forecast period. The global semiconductor manufacturing equipment industry valuation is estimated to reach nearly US$ 220 billion by 2034.

Global Semiconductor Manufacturing Equipment Market Historical Analysis Vs Forecast Outlook

Country-wise Insights

Category-wise Insights

The global semiconductor manufacturing equipment market is anticipated to grow from USD 107.66 billion in 2024 to USD 350.3 billion by 2037, witnessing a CAGR of around 9.5% throughout the forecast timeline, between 2025 and 2037. Key industry players include Applied Materials, Inc., Advantest Corporation, Tokyo Electron Limited, among others.

In 2023, the size of the Chinese semiconductor equipment industry reached almost 219 billion yuan in 2023. According to the estimate, the market was projected to grow by around 11 billion yuan in 2024. Under the current economic and political pressure of the United States, the Chinese semiconductor industry has to increase its self-reliance.

In 2023, die attach accounted for 23 percent of the global assembly equipment market, while wire bonding accounted for 18 percent. Other assembly methods such as inspection or dicing, or even other bonding, accounted for 43 percent of the market in 2023.

The Semiconductor Back-End Equipment Market Report is Segmented by Type (Metrology and Inspection, Dicing, Bonding, and Assembly and Packaging) and Geography (United States, Europe, China, South Korea, Taiwan, Japan, Rest of the Asia-Pacific, Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Semiconductor Test Equipment Market is Segmented by Type of Product (Semiconductor Automated Test Equipment [ATE], Burn-In Systems, Handler Equipment, Probe Equipment, Optical Inspection Systems, and Other Equipment Categories) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The Market Sizes and Forecasts are Provided Regarding Value (USD) for all the Above Segments.

In 2024, the global semiconductor assembly equipment was expected to reach 5.4 billion U.S. dollars, a 31.3 percent increase from the previous year. Forecasts suggest the market will grow further, with the global semiconductor assembly equipment market predicted to be worth 7.3 billion U.S. dollars by 2026.

The Report Covers Semiconductor Front-End Equipment Companies and the Market is Segmented by Type (Lithography Equipment, Etching Equipment), by End-User Industry (Semiconductor Fabrication Plant, Semiconductor Electronics Manufacturing), and by Geography (United States, Europe, China, South Korea, Taiwan, Japan, Rest of the World). The Market Sizes and Forecasts are in Terms of Value (USD) for all the Above Segments

The size and share of the market is categorized based on Application (Wafer Fabrication Equipment, Test & Inspection Equipment, Assembly & Packaging Equipment, Thin Film Deposition Equipment, Etching Equipment) and Product (Semiconductor Production, Electronics Manufacturing, Quality Control, Research & Development) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global semiconductor manufacturing equipment market is targeting USD 233.31 billion by 2032 and is expected to grow at a compound annual growth rate (CAGR) of 11.1%

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Semiconductor Manufacturing Equipment Market Size 2024-2028

The semiconductor manufacturing equipment market size is forecast to increase by USD 46.68 billion at a CAGR of 7.74% between 2023 and 2028.

The market is experiencing significant growth due to increasing investments in semiconductor fabrication. This trend is driven by the continuous advancements in semiconductors, leading to more complex design patterns. The semiconductor manufacturing equipment industry is responding to these developments by innovating new solutions to meet the demands of this evolving market. The market is also influenced by the proliferation of 5G technology and wireless communications, necessitating higher data rates, spectral efficiency, and 5G connections.
The complexity of semiconductor design requires advanced manufacturing equipment capable of producing smaller, more intricate components. As a result, companies are investing heavily in research and development to stay competitive. This market growth is expected to continue as the demand for semiconductors in various industries, including consumer electronics, automotive, and healthcare, continues to rise.

What will be the Size of the Semiconductor Manufacturing Equipment Market During the Forecast Period?

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The market is characterized by continuous innovation and advancements in technology, driven by the increasing demand for IC chips, semiconductor wafers, and memory chips in various industries. Photolithography tools, etching machines, and measurement machines are essential equipment in this market, enabling the production of complex circuits with ultra-fast speeds, low latency, and high reliability.



Furthermore, the market is witnessing a trend towards the production of low-cost devices, ultra-thin silicon dioxide, secure memory, encryption hardware, and 3D IC manufacturing for functional integration. These advancements are expected to shape the semiconductor manufacturing equipment landscape In the coming years.

How is this Semiconductor Manufacturing Equipment Industry segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Semiconductor fabrication plant or foundry
  Testing and inspection
  Semiconductor electronics manufacturing


Type

  Front end
  Back end


Geography

  APAC

    China
    India


  Europe

    Germany


  North America

    US


  Middle East and Africa



  South America

By Application Insights

The semiconductor fabrication plant or foundry segment is estimated to witness significant growth during the forecast period.

Semiconductor fabrication plants, or fabs, play a crucial role In the market, producing integrated circuits (ICs) and semiconductor components for various industries. In the consumer electronics sector, fabs manufacture ICs for devices such as smartphones, tablets, laptops, and digital cameras, driving demand for advanced lithography systems, deposition equipment, and inspection tools. The automotive industry requires specialized semiconductor equipment for producing ICs used in advanced driver assistance systems (ADAS), infotainment systems, and electric vehicle (EV) components. Industrial applications rely on fabs for semiconductor equipment used in factory automation, robotics, and industrial sensors. Communication infrastructure, including 5G networks and IoT devices, depends on fabs for high-performance ICs and specialized equipment.

Furthermore, semiconductor manufacturing involves complex processes, including photolithography, etching, and measurement, utilizing tools such as EUV lithography equipment, photomasks, and cleanroom facilities. Fabs produce semiconductor devices, including IC architecture, memory, low-cost devices, and ultra-thin silicon dioxide, using materials and machinery supplied by technology, materials, and machinery suppliers. The semiconductor industry faces challenges, including the complexity of wafers, lithography wavelength, and node size, necessitating continuous innovation and expansion plans. Major semiconductor hubs include the US, Japan, South Korea, Taiwan, and China. The semiconductor crisis In the automotive and consumer electronics sectors highlights the importance of these facilities, with 5G networks, connected vehicles, and smart devices driving growth.

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The semiconductor fabrication plant or foundry segment was valued at USD 37.94 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 69% to the growth of the glob

The Semiconductor Etch Equipment Market Report is Segmented by Product Type (High-Density Etch Equipment and Low-Density Etch Equipment), by Etching Film Type (Conductor Etching, Dielectric Etching, and Polysilicon Etching), by Application (Foundries, MEMS, Sensors, and Power Devices), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Semiconductor Equipment Market size is estimated value at US$ 105.32 Bn in 2025 and is expected to expand at a CAGR of 9.5% reaching US$ 198.92 Bn by 2032

Spending on semiconductor equipment in China reached 236.6 billion U.S. dollars in 2023. In South Korea, spending amounted to 19.94 billion U.S. dollars in 2023, while in Taiwan it stood at 19.62 billion U.S. dollars.

The semiconductor manufacturing equipment market size is projected to grow from USD 110.1 billion in 2024 to USD 264.25 billion by 2035, representing a CAGR of 8.28%, during the forecast period till 2035.

According to a new report by Expert Market Research, 'the global semiconductor manufacturing equipment market is expected to grow in the forecast period of 2025-2034 at a CAGR of 10.10%.

The Global Semiconductor Bonding Equipment Market is Segmented by Type (Permanent Bonding Equipment, Temporary Bonding Equipment, and Hybrid Bonding Equipment), by Application (Advanced Packaging, Power IC & Power Discrete, Photonic Devices, MEMS Sensors & Actuators, Engineered Substrates, and CMOS Image Sensor (CIS)), by Geography (North America, Asia Pacific, Europe, Rest of the World). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

The global semiconductor manufacturing equipment market size reached USD 107.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 217.9 Billion by 2033, exhibiting a growth rate (CAGR) of 8.2% during 2025-2033. The market is driven by technological advancements, rising demand for electric vehicles and renewable energy, global supply chain shifts, the expansion of advanced packaging technologies, and increased investment in research and development.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on equipment type, front-end equipment, back-end equipment, fab facility, product type, dimension, and supply chain participant.