Report by MarketsandMarkets expect Semiconductor Manufacturing Equipment Market to worth USD 175.0 billion by 2027

In 2021, the Semiconductor Manufacturing Equipment Market in APAC held the largest share and by 2027, it is expected to grow at the highest CAGR during the forecast period

FREMONT, CA: The global Semiconductor Manufacturing Equipment Market was worth USD 95.3 billion in 2021 and is expected to reach USD 175.0 billion by 2027, with a CAGR of 8.5 percent expected over the forecast period. The demand for semiconductor manufacturing equipment is increasing globally due to the rising demand for AI chips driven by future AI-driven workloads and applications.

Due to the obvious growing global demand for semiconductor devices, the lithography equipment market is likely to have the greatest share. As the need for semiconductor chips grows across numerous end-use sectors, so does the usage of photolithography equipment, propelling the lithography industry forward. Organic growth tactics are also being used by key companies in the semiconductor manufacturing equipment market to expand their semiconductor manufacturing equipment product range.

During the projected period, the wafer testing segment is expected to develop at the fastest rate. The demand for high-accuracy ICs is said to be driving the growth. Modern integrated circuits must perform several roles, and the intricate circuitry necessitates the use of specialized testing equipment to ensure accuracy.

A rapid growth rate is expected for the chemical control equipment segment during the forecast period. Contamination control using chemical control equipment has a substantial impact on yield and equipment efficiency, as these machines supply pure chemicals consistently and dependably during semiconductor production processes. The memory segment of the Semiconductor Manufacturing Equipment Market is expected to have the largest portion. The growing trend of electric vehicles and autonomous vehicles is expected to enhance the use of memory ICs in the automotive industry.

The Semiconductor Manufacturing Equipment Market for 3D IC Manufacturing is estimated to grow at the quickest CAGR during the forecast period. Manufacturers and IDMs are projected to favour 3D ICs due to the rising need for greater features in and miniaturization of portable hand-held devices such as mobile phones, personal digital assistants (PDAs), digital cameras, and laptop computers.