Semiconductor Equipment Market to Reach $114.74 Billion Globally by 2034: MRFR

Semiconductor Equipment Market Research Report By Type of Equipment, Wafer Size, Technology Generation, Application, End Use, Regional CA, UNITED STATES, March 18, 2025 /EINPresswire.com/ -- The Global Semiconductor Equipment Market is poised for consistent growth, driven by rising demand for advanced electronics, emerging technologies, and expanding investments in chip manufacturing facilities. The market was valued at USD 72.54 billion in 2024 and is projected to grow from USD 75.94 billion in 2025 to USD 114.74 billion by 2034, reflecting a compound annual growth rate (CAGR) of 4.69% during the forecast period (2025–2034).

Key Drivers of Market Growth

1. Increasing Demand for Advanced Semiconductors

The growth in AI, 5G networks, IoT, and high-performance computing is driving the need for cutting-edge semiconductor equipment to support advanced chip production.

2. Expansion of Chip Manufacturing Facilities

Major players are investing heavily in semiconductor fabrication plants (fabs) to meet the global demand for chips. Countries like the U.S., China, and South Korea are rapidly expanding their production capacities.

3. Rising Use of Semiconductor Components in Automotive

The automotive industry’s transition to electric vehicles (EVs), autonomous driving, and smart infotainment systems is boosting demand for specialized semiconductor equipment.

4. Advancements in Lithography Technology

The adoption of Extreme Ultraviolet (EUV) lithography is enabling chipmakers to produce smaller, faster, and more efficient microchips, driving market growth.

5. Growing Demand for Consumer Electronics

The increasing penetration of smartphones, wearables, gaming devices, and home automation systems is fueling semiconductor production and equipment investments.

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Key Companies in the Semiconductor Equipment Market Include:

• BASF
• Advantest
• Tokyo Electron
• Applied Materials
• SCREEN Holdings
• ASML
• DuPont de Nemours
• ShinEtsu Chemical
• Daido Steel
• Merck
• KLA Corporation
• Nikon
• Sumco Corporation
• Lam Research
• JSR Corporation

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Market Segmentation

1. By Equipment Type

• Wafer Processing Equipment – Used for lithography, deposition, and etching processes.

• Assembly and Packaging Equipment – Crucial for chip integration and miniaturization.

• Testing Equipment – Ensures chip functionality and performance reliability.

• Cleaning Equipment – Used for surface cleaning to improve chip quality.

2. By Application

• Memory Chips – Expanding demand for DRAM and NAND storage.

• Logic ICs – Increasing use in smartphones, AI devices, and data centers.

• Analog Devices – Widely used in automotive, healthcare, and communication sectors.

3. By End-Use Industry

• Consumer Electronics
• Automotive
• Healthcare
• Telecommunication
• Aerospace & Defense

4. By Region

• North America: Dominates the market due to significant investments in semiconductor fabs.

• Asia-Pacific: The fastest-growing region, led by key players in China, Taiwan, and South Korea.

• Europe: Increasing demand driven by automotive electronics and industrial automation.

• Rest of the World (RoW): Emerging opportunities in Latin America and the Middle East for semiconductor innovation.

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The Global Semiconductor Equipment Market is set to expand steadily, driven by rising investments in chip fabrication facilities, next-generation technologies, and increasing demand for consumer electronics. As industries prioritize miniaturization, energy efficiency, and performance enhancement, the semiconductor equipment sector will play a pivotal role in driving technological innovation.

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