Global semiconductor manufacturing equipment market is projected to reach USD 175.0 billion by 2027 from USD 95.3 billion in 2021; 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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By supply chain participant, the IDM firms segment is projected to witness growth at the highest CAGR and largest share


The market for the IDM firms segment is expected to grow at the highest CAGR during the forecast period. The segment also held the largest share of the semiconductor manufacturing equipment market, as most firms are tier 1 companies with substantial R&D spending, a vast customer base, and a significant global presence.


By region, APAC to hold the largest share of the semiconductor manufacturing equipment market throughout the forecast period


In 2021, the semiconductor manufacturing equipment market in APAC held the largest share and by 2027, it is expected to grow at the highest CAGR during the forecast period. The market is driven by continuous developments in the semiconductor industry, expansion activities by the market players in the region, and financial support for the semiconductor industry by Asian governments. The region also has the presence of several semiconductor manufacturing equipment companies such as Tokyo Electron Limited, SCREEN Holdings Co., Ltd., Advantest, Hitachi High-Tech Corporation, Nikon Corporation, Daifuku Co. Ltd., and others.


By product type, 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


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.