Global Semiconductor Production Equipment Market Is Expected to Reach $209.9 Billion by 2031: Says AMR

Semiconductor manufacturing is a challenging procedure that ensures the quality of a variety of semiconductor devices. Semiconductor manufacturing equipment is used for producing semiconductor part assembly, overall device testing, and wafer fabrication. Surge in demand for electronics and gadget services has aided the growth of the semiconductor manufacturing equipment market significantly. Industries including IoT devices, smart devices, robots, automated systems, and others are also witnessing rise in demand. Since these industries are the end-users of semiconductor production equipment, their rise is positively influencing the market. Asia-Pacific region was the largest contributor to the semiconductor production equipment market revenue in 2021, and the same is expected to grow by a high CAGR during the forecast period.

/EIN News/ -- Portland,OR, Feb. 02, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, global semiconductor production equipment market was valued at $87,879.3 million in 2021, and is projected to reach $209,929.7 million by 2031, registering a CAGR of 9.0%. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Report coverage & details:

Forecast Period	2022–2031
Base Year	2021
Market Size in 2021	$87.8 Billion
Market Size in 2031	$209.9 Billion
CAGR	9.0%
No. of Pages in Report	289
Segments Covered	Product Type, Function, Dimension, Supply Chain Process, and Region.
Drivers	Growth in semiconductor manufacturing around the globe
	Increase in technical innovation in the electronics industry
Restraints	The fluctuating cost of raw materials
Opportunities	Increasing adoption of AI-enabled chips connected devices across the globe

Covid-19 scenario-

• The disrupted supply chain across the world hampered the semiconductor production equipment manufacturing sectors negatively, which had a negative impact on the global semiconductor production equipment market, especially during the initial phase.
• However, introduction of various COVID-19 vaccines across the world has constricted the spread of the COVID-19 pandemic. Hence, after two years of the COVID-19 outbreak, the pandemic has considerably subsided, and the rate of infection has reduced significantly. In addition, the global supply-chain has reopened and manufacturers of semiconductor production equipment across the globe are gradually reaching revenue levels at par with pre-COVID-19 levels.

The global semiconductor production equipment market is analyzed across product type, function, dimension, supply chain process, and region. The report takes in an exhaustive analysis of the segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

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By product type, the front-end equipment segment dominated the market in 2021, and the back end equipment segment is expected to grow at a higher CAGR. The growing demand for microprocessors more than any other package due to low cost and superior electrical and thermal performance, which will positively impact the growth of the market during the forecast period. Such factors positively influence the growth of front-end equipment.

By function, the integrated circuits segment dominated the market in 2021 and the OSD segment is expected to grow at a higher CAGR. The semiconductor production equipment produces integrated circuits at a relatively lower cost, making them a popular choice among integrated circuit manufacturers. Such factor are expected to drive the demand for semiconductor production equipment for producing ICs.

By dimension, the 3 dimension segment dominated the market in 2021, and is expected to grow with highest CAGR. The growth in the semiconductor industry offers lucrative growth opportunities for manufacturers of 3 dimension semiconductor production equipment. The 3 dimension integration helps higher-density integration of semiconductors to significantly reduce interconnect delays and improve system performance.

By region, Asia-Pacific accounted for the highest semiconductor production equipment market share in 2021 and is anticipated to secure the leading position during the forecast period. China and Taiwan are major producers of semiconductors, with national stalwarts such as Samsung and the Taiwan Semiconductor Manufacturing Corporation (TSMC). Japan and India are also striving to become major producers of semiconductors in the coming years. Moreover, growth in the production of tablets, smartphones, and other electronic devices is also expected to fuel the demand for semiconductor production equipment during the forecast period.

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Key Players:

The key market players analyzed in the global semiconductor production equipment market report include Alsil Material, Applied Materials Inc., ASML Holdings N.V., Intel Corporation, Micron Technology Inc., Qualcomm Technologies, Inc., Samsung Group, Screen Holdings Co., Ltd., Teradyne Inc., Tokyo Electron Limited.

These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players. 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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