Global Semiconductor Equipment Market Forecast Report to 2026 - Consumer Electronics Boom Drives Explosive Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Semiconductor Equipment Market (by Segment, Supply Chain, Dimension, & Region): Insights & Forecast (2022-2026)" report has been added to ResearchAndMarkets.com's offering.

The global semiconductor equipment market is set to witness significant growth, reaching an estimated value of US$126.40 billion by 2023, with a robust CAGR of 9.90% during the forecast period. This growth is attributed to several key drivers, including the expansion of the consumer electronics industry, the growing use of semiconductors in medical devices, and increasing government support for the sector.

Semiconductor equipment plays a pivotal role in the manufacturing of semiconductors and integrated circuits, which are essential components used across various industries such as medical, banking, telecommunications, and automobiles. As these industries continue to evolve and innovate, the demand for semiconductor equipment has surged.

Segmentation

• The global semiconductor equipment market has been segmented into three primary segments: Wafer equipment, Assembly and packaging equipment, and Test equipment. The wafer equipment segment holds the majority of the market share, driven by advancements in wafer technologies and the increasing demand for silicon wafers.
• In terms of supply chain, the market is divided into three segments: IDM (Integrated Device Manufacturer), OSAT (Outsourced Semiconductor Assembly and Test), and Foundry. IDM has the largest share in the semiconductor equipment market and is projected to be the fastest-growing segment during the forecast period.
• Based on dimensions, the market is categorized into 2D, 2.5D, and 3D. The 2.5D dimension packaging segment currently holds the largest share in the semiconductor equipment market, but the 3D dimension segment is experiencing rapid growth due to significant investments in research and development.

Regional Insights

Geographically, the Asia Pacific region leads the global semiconductor equipment market, primarily driven by the dominance of countries like China, Taiwan, and South Korea. China, in particular, has emerged as the world's largest semiconductor equipment market, expected to achieve solid growth across various sectors.

North America and Europe are also emerging markets for semiconductor equipment, driven by technological advancements and government support for the semiconductor industry.

Top Impacting Factors

Growth Drivers

• Growth in Consumer Electronics Industry
• Increased use of Semiconductors in Medical Devices
• Mounting usage of semiconductor equipment in Gaming Industry
• Rising Government Support

Challenges

• Functional Defects and Complexities
• High Cost Associated

Trends

• Increasing demand for Artificial Intelligence
• Escalation of Internet of Things (IOT)
• Surging Demand for Electronic vehicles
• Emerging Industrial Robotics

Key Players

The global semiconductor equipment market is dominated by the top five players, accounting for over 60% of the market share. Key players in the industry include Hitachi High Tech Corporation, ASML Holding Semiconductor Company, Applied Materials Inc., Lam Research Corporation, Tokyo Electron Limited, KLA Corporation, Teradyne Inc., Nikon Corporation, Canon Inc., Screen Holding Co. Ltd, Advantest Corporation, and ASM International N.V.

The global semiconductor equipment market is poised for remarkable growth, driven by factors such as the growth of the consumer electronics industry, increased use of semiconductors in various applications, and rising government support. As technology continues to advance, the semiconductor equipment sector is expected to play a crucial role in meeting the growing demand for semiconductors worldwide.

For more information about this report visit https://www.researchandmarkets.com/r/r9r1gt

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