The global semiconductor manufacturing equipment market was valued at USD 95.3 billion in 2021 and is projected to reach USD 175.0 billion by 2027; it is anticipated to register a CAGR of 8.5% during the forecast period. Surging demand for AI chips driven by future AI-driven workloads and applications is propelling the demand for semiconductor manufacturing equipment worldwide.
The key players operating in the semiconductor manufacturing equipment are Tokyo Electron Limited (Japan), Lam Research Corporation (US), ASML (Netherlands), Applied Materials, Inc. (US), KLA Corporation (US), SCREEN Holdings Co., Ltd. (Japan), Teradyne US), Advantest (Japan), Hitachi High-Tech Corporation (Japan), Plasma-Therm (US), Veeco Instruments (US), EV Group (Austria), Onto Innovation (US), Nordson (US), Advanced Dicing Technologies (Israel), QP Technologies (US), Evatec (Switzerland), Modutek Corporation (US), Nikon Corporation (Japan), Semiconductor Equipment Corporation (US), Daifuku (Japan), FormFactor (US), Canon (Japan), SEMES(Republic of Korea), and Kokusai Electric Corporation (Japan). These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, contracts, mergers, and acquisitions to retain their presence in the semiconductor manufacturing equipment market. Product launches has been the most dominating strategy adopted by the key players from January 2017 to December 2021 to help them strengthen their product portfolio and broaden their customer base.
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Applied Materials, Inc. held the leading position in the semiconductor manufacturing equipment market as one of the key providers of materials engineering solutions used to produce virtually every new chip and advanced display. The company primarily operates through 3 business segments, namely, Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment such as rapid etch, thermal processing, deposition, chemical mechanical planarization, ion implantation, metrology and inspection, and wafer packaging. The company has more than 12,500 patents. It has its presence in 93 locations in 17 countries. Moreover, Applied Materials, Inc. has been focusing on the implementation of both organic and inorganic growth strategies in the form of new product launches, and agreements.
ASML held the second position in the semiconductor manufacturing equipment market. ASML develops, produces, and markets lithography equipment for manufacturers of semiconductor chips. It operates through one reportable segment named advanced semiconductor equipment systems that deals in lithography, metrology, and inspection systems. The company is a key supplier of extreme ultraviolet (EUV), deep ultraviolet (DUV), and refurbished lithography equipment. It has progressed in lithography technology through multiple collaborations and acquisitions. The company sells and markets its products through its direct sales force. Its customers include microchip manufacturers that are grouped into Memory and Logic chipmakers. Over the years, the company has developed numerous products. ASML focuses on organic and inorganic growth strategies to sustain its position in the semiconductor manufacturing equipment market.
Tokyo Electron Limited (TEL) is a key player in the semiconductor manufacturing equipment market. TEL has 2 product lines—semiconductor production equipment (SPE) and flat panel display (FPD) production equipment. The SPE segment is the dominant business division. TEL develops and manufactures semiconductor production equipment covering all major chip-making processes, and supplies equipment to semiconductor manufacturers across the world along with excellent support services. Further, it has been strategically implementing inorganic growth strategies in the form of new mergers and expansions to sustain its value in the market.
Lam Research Corporation is one of the prominent players in the semiconductor manufacturing equipment market and has secured fourth position. It is involved in the manufacturing and servicing of majorly front-end wafer manufacturing equipment. It is a global supplier of wafer fabrication equipment and services to the semiconductors industry. The company is one of the primitive giants allowing chipmakers to build smaller, faster, and better performing electronic devices. The company’s focus on organic and inorganic strategies has helped it to consolidate its position in the semiconductor manufacturing equipment market.
KLA Corporation has secured fifth position in the semiconductor manufacturing equipment market. It 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. The company offers yield management and process control solutions for use in semiconductor devices, advanced packaging solutions, light-emitting diode (LED) displays, power devices, and data storage systems. The company was formed through the merger of KLA Instruments (KLA) and Tencor Instruments (Tencor). Both the companies focused on the business of the inspection and metrology area. The merger helped the company become one of the leading suppliers of a wide variety of inspection, packaging, and metrology technologies. KLA Corporation has been focusing on the implementation of organic and inorganic growth strategies in the form of product launches, acquisitions, and expansions.
Semiconductor Manufacturing Equipment Market with COVID-19 Impact Analysis by Front-end Equipment, Back-end Equipment, Fab Facility Equipment, Product Type, Dimension, Supply Chain Participant, Region - Global Forecast to 2027
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