The semiconductor manufacturing equipment market is projected to reach USD 149.8 billion by 2028 from USD 91.2 billion in 2023, at a CAGR of 10.4% from 2023 to 2028. The increasing demand for semiconductor fabrication facilities and the need for semiconductor parts in electric and hybrid vehicles are the major factor driving the growth of semiconductor manufacturing equipment market globally.
A few key players in the semiconductor manufacturing equipment market are Tokyo Electron Limited (Japan); Lam Research Corporation (US); ASML (Netherlands); Applied Materials, Inc. (US); KLA Corporation (US); SCREEN Holdings Co., Ltd. (Japan); Teradyne, Inc. (US); Advantest Corporation (Japan); Hitachi, Ltd. (Japan); Plasma-Therm (US). The market players have adopted various strategies such as product launches, partnerships, collaborations, partnerships, agreements, expansions, and acquisitions to strengthen their position in the semiconductor manufacturing equipment market.
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Applied Materials, Inc.
Applied Materials, Inc. has a wide market presence and a strong product portfolio that enables sustainable business growth and diversifies business risks. The company has hands-on expertise in memory and display businesses. It is one of the market leaders in material engineering solutions used to produce chipsets and advanced displays. Additionally, its wide geographic footprint and diversified product portfolio also contribute to its growth.
ASML has expertise in designing and developing lithography equipment. Its innovative and varied product portfolio acts as a unique selling point for the company. It has a significant presence in North America, Europe, and Asia Pacific. Additionally, the company invests a considerable amount of its overall revenue in R&D. For instance, in 2022, it invested USD 3.5 billion, i.e., 15.4% of the annual revenue, on R&D activities. Also, it has a strong financial position in the semiconductor manufacturing equipment market due to its significant year-on-year growth in sales.
Tokyo Electron Limited
Tokyo Electron Limited (TEL) has a strong customer base of giant device manufacturers, such as Samsung Electronics Co., Ltd., Intel Corporation, SK HYNIX INC., and Micron Technology, Inc. The company can channel the supply chain to these customers as per the opportunities acquired by the clients in the growing markets of memory, flash drives, MCU, and analog devices. TEL can also increase its bargaining power as it is associated with large customers and strong distribution partners. Additionally, the company has been strongly focusing on innovations and R&D to stay relevant in the ever-changing technological environment. In 2022, the company spent USD 1.3 billion on R&D expenditure, which was almost 8% of the overall company revenue.
Lam Research Corporation
Lam Research Corporation is one of the leading providers of semiconductor manufacturing equipment, primarily involved in manufacturing and servicing front-end wafer manufacturing equipment. It is a global supplier of wafer fabrication equipment and services to the semiconductor industry. To sustain and excel in the market, the company spends a huge amount of its overall revenue on R&D. In 2022, it has spent USD 1.6 billion (~9% of revenue) on R&D activities. In addition, the company is majorly focused on the memory market segment, through which it generated 60% of its revenue in 2022.
KLA Corporation is one of the leading companies in process control and a supplier of process-enabling solutions for a broad range of industries, including semiconductors, printed circuit boards, and displays. It offers a variety of testing, inspection, metrology, and packaging products. It delivers a steady stream of new and enabling technologies. The company has a wide portfolio of advanced process diagnostic and control (PDC) tools, which has increased the adoption of its products in every major semiconductor manufacturing facility worldwide.
Semiconductor Manufacturing Equipment Market by Front-end Equipment, Back-end Equipment, Fab Facility Equipment (Automation , Chemical Control, Gas Control), Product Type, Dimension, Supply Chain Participant and Region - Global Forecast to 2028
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