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.

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The lithography equipment segment to hold the highest share of the semiconductor manufacturing equipment market in 2022.

The lithography equipment market is expected to hold the largest share due to the globally increasing demand for semiconductor devices. The rising demand for semiconductor chips across various end-use industries leads to the increased adoption of photolithography equipment, which, in turn, propels the growth of the lithography segment.

The market for the above wafer testing segment is expected to grow at the highest CAGR during the forecast period.

The wafer testing segment is expected grow at the highest CAGR during the forecast period. The growth is attributed to the need of high-accuracy ICs. Modern ICs need to incorporate multiple functions, and the complex circuitry needs proper testing equipment to achieve accuracy.

The chemical control equipment segment to dominate semiconductor manufacturing equipment market in 2022

The chemical control equipment segment is projected to grow at the highest CAGR during the forecast period. Contamination control by chemical control equipment has a significant impact on the yield and equipment efficiency, as this equipment provide repeated and reliable delivery of pure chemicals during the semiconductor manufacturing processes.

The memory segment to hold the highest share of the semiconductor manufacturing equipment market in 2022.

The memory segment is anticipated to hold the largest share of the semiconductor manufacturing equipment market. An increased use of memory ICs is anticipated in the automotive sector due to the growing trend of electric vehicles and autonomous vehicles

The market for the semiconductor manufacturing equipment with 3D ICs segment is expected to grow at the highest CAGR during the forecast period.

The semiconductor manufacturing equipment market for 3D IC manufacturing is expected to grow at the highest CAGR during the forecast period. The increased demand for improved functionalities in and miniaturization of portable hand-held devices such as cell phones, personal digital assistant (PDAs), digital cameras, and laptop computers, manufacturers and IDMs are expected to prefer 3D ICs.]

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Key Market Players

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), are some of the key players in the semiconductor manufacturing equipment market.