Semiconductor Production Equipment Market is projected To Reach 208.09 Billion By 2030

CIOTechOutlook Team | Tuesday, 11 July 2023, 12:02 IST

  • No Image
By 2030, the market is anticipated to grow to 208.09 billion. The increasing demand for advanced electronic gadgets and the rising disposable income among populations globally are both contributing to the growth in the market for semiconductor fabrication equipment. Consumers have more purchasing power when disposable income rises, allowing them to buy a variety of electronic items for diverse uses.
 
The demand for semiconductor equipment has been considerably impacted by the progressive changes that have been occurring in the market for semiconductor production equipment, such as the miniaturization of nodes and wafer sizes. The demand for larger wafer sizes to support ultra-large-scale integration technologies has been a key factor in the expansion of the semiconductor equipment market.
 
With a significant revenue share of 39.8% in 2022, the 2.5D sector became the market leader. The many advantages of 2.5D technology can be credited for this market segment's expansion.
 
With a dominant market share for semiconductor production equipment, the German markets have emerged as a significant player in Europe's semiconductor production equipment market. In the upcoming years, a strong CAGR of 8% is predicted for the nation.
 
By accounting for 68% of the worldwide revenue share in 2022, regional marketplaces in the Asia Pacific area became the market's dominant region for semiconductor production equipment. During the forecast period, the area is expected to maintain its current growth rate with a CAGR of 8.2%.
🍪 Do you like cookies?

We use cookies to ensure you get the best experience on our website. Read more...