Semiconductor equipment manufacturing market projected to grow to $218.60 billion by 2033
From GlobeNewswire: 2025-02-06 04:28:00
Custom Market Insights’ report on the Semiconductor Equipment Manufacturing Market projects growth from $103.34 billion in 2023 to $218.60 billion by 2033, driven by demand for advanced semiconductors for AI, IoT, 5G, and autonomous vehicles. With a focus on smaller node sizes and AI/IoT applications, the market is poised for expansion.
The demand for sophisticated manufacturing equipment in the semiconductor industry is increasing due to the need for high-performance chips with smaller nodes and higher transistor densities. This growth is fueled by the expansion of connected devices, smart technologies, and the transition to smaller node sizes below 3 nm. Investments in advanced tools like EUV lithography and atomic layer deposition equipment are crucial for meeting these demands.
The growth of AI and IoT applications is driving the need for powerful and efficient chips, leading to investments in state-of-the-art equipment to meet industry standards. The expansion of semiconductor foundries, especially in Asia-Pacific and North America, is driving significant investments in new fabrication plants and existing expansions. Government support and incentives are further boosting the semiconductor manufacturing business.
Advances in semiconductor packaging, such as 3D stacking and chipset integration, are enhancing overall performance levels and compact designs for functions like AI and autonomous driving. This has increased the need for specialized tools like precision bonding and encapsulation, supporting manufacturers amid the complexity of packaging. In 2021, Applied Materials Incorporate launched optical semiconductor inspection devices using new technologies like big data and AI. The market size is projected to reach USD 218.60 billion by 2033, with a CAGR of 7.78%. The COVID-19 pandemic impacted the semiconductor equipment manufacturing market, causing disruptions in global supply chain networks and labor shortages.
The pandemic led to operational hindrances due to labor absenteeism and reduced consumer spending on electronics. However, the industry saw a fluctuation in demand as remote work increased. The report provides insights into market size, growth drivers, top companies, market segments, and key players in the semiconductor equipment manufacturing industry.
The Semiconductor Equipment Manufacturing Market is segmented into regions like North America, Europe, Asia-Pacific, and LAMEA. North America leads the market due to advanced technology infrastructure and government support. Initiatives like the CHIPS Act in the U.S. aim to strengthen local production and reduce semiconductor imports. Europe focuses on innovation and local production initiatives. The European Union’s European Chips Act aims to boost semiconductor manufacturing and reduce import reliance. ASML in the Netherlands leads with advanced lithography technology like EUV. In Asia-Pacific, Taiwan, South Korea, and China dominate the semiconductor equipment market due to high production capacity and advanced tech. LAMEA’s semiconductor equipment market is growing due to increased investments in infrastructure and tech, driven by rising demand for consumer electronics, automotive applications, and industrial automation. The region is expected to see further growth in semiconductor equipment demand. 1. The stock market reached record highs today, with the S&P 500 closing at 3,000 for the first time ever. The Dow Jones Industrial Average also saw gains, closing at 27,000. Investors are optimistic about the economy, despite ongoing trade tensions with China.
2. In other news, a new study found that 1 in 5 children are living in poverty in the United States. This represents a significant increase from previous years, highlighting the growing income inequality in the country. Experts are calling for policies to address this issue and support struggling families.
3. On the international front, tensions continue to rise in the Middle East as Iran seized a British oil tanker in the Strait of Hormuz. This latest incident comes amidst escalating tensions between Iran and Western countries, raising concerns about the stability of the region and global oil supply.
4. In entertainment news, Marvel Studios announced a slate of new movies and TV shows at Comic-Con. Fans were thrilled to hear about upcoming projects such as “Black Widow” and “The Eternals.” The studio also revealed plans for a “Blade” reboot starring Mahershala Ali, generating excitement among audiences. 1. The stock market reached record highs today, with the S&P 500 closing at 3,800 points and the Dow Jones Industrial Average surpassing 31,000 points. Investors are optimistic about the economic recovery and the potential for more stimulus measures.
2. A new study published in the Journal of Medicine revealed that the COVID-19 vaccine developed by Moderna is effective against the new variant of the virus first identified in the UK. The vaccine was found to produce neutralizing antibodies against the variant.
3. The United Nations reported that global temperature rise is on track to exceed 3 degrees Celsius this century, despite countries’ pledges to reduce emissions. The report warns of catastrophic consequences if urgent action is not taken to curb greenhouse gas emissions.
4. Tesla announced plans to build a new Gigafactory in Texas, which will produce the Cybertruck and Model Y vehicles. The factory is expected to create thousands of jobs and boost the local economy. Construction is set to begin soon.
5. The US economy added 140,000 jobs in December, falling short of expectations amid the ongoing pandemic. The unemployment rate remained at 6.7%, with millions of Americans still out of work. Economists are calling for more government support to spur recovery. 1. In a groundbreaking study, researchers have discovered a new potential treatment for Alzheimer’s disease. The drug, known as Aducanumab, has shown promising results in slowing down cognitive decline in patients with early-stage Alzheimer’s.
2. The United Nations has reported that global carbon dioxide emissions have reached a record high in 2021. This alarming increase is attributed to the continued reliance on fossil fuels and lack of significant efforts to reduce greenhouse gas emissions.
3. The stock market experienced a significant downturn today, with the Dow Jones Industrial Average dropping over 500 points. This decline is attributed to concerns about rising inflation and uncertainty surrounding the ongoing trade tensions between the United States and China.
4. A new study has revealed that over 50% of Americans are now fully vaccinated against COVID-19. This milestone is seen as a significant step towards achieving herd immunity and controlling the spread of the virus in the United States.
5. In a major legal victory, a court has ruled in favor of a group of indigenous activists fighting against the construction of a controversial oil pipeline. The ruling halts the construction of the pipeline, which activists argue poses a threat to their land and water sources.
Read more at GlobeNewswire: [Latest] Global Semiconductor Equipment Manufacturing