Semiconductor equipment market expected to reach $254 billion by 2032 due to technological advancements
From GlobeNewswire: 2025-01-07 08:00:00
The semiconductor equipment market is projected to reach USD 254.00 Billion by 2032, growing at a CAGR of 9.05%. Government initiatives and technological advancements are driving this growth, with key players like ASML, Tokyo Electron, and Applied Materials leading the market. Demand for smaller, high-performance chips for mobile handsets and PCs is a key driver, prompting investment in advanced lithography and deposition tools.
In 2023, the Semiconductor Front-End Equipment segment dominated the market with a 64% share, essential for processes like lithography and etching. Mobile handsets held 43% of the market share, driven by demand for smartphones and 5G technology. Asia Pacific led market growth with a 39% share, supported by strong R&D efforts and significant investments in chip manufacturing plants.
Recent developments include Tokyo Electron’s launch of the LEXIA-EX sputtering system for next-gen memory devices, Disco’s growth in response to the AI boom, and Teradyne’s significant growth driven by demand for AI applications. The semiconductor equipment market is evolving rapidly, with key players driving innovation and meeting the increasing demand for advanced chip technologies. The Semiconductor Equipment Market Growth & Outlook 2024-2032 report provides insights into market dynamics, statistical trends, and competitive landscape. It includes data on wafer production volumes by region, chip design trends, fab capacity utilization, and supply chain metrics. The report also covers market segmentation by product type, application, equipment, supply chain participant, and end-use industry. Regional analysis, company profiles, and use cases are included for comprehensive understanding. For more information or customization, contact [email protected].
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