Semiconductor Manufacturing Equipment Market worth $149.8 billion by 2028

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MarketsandMarkets Presents

Semiconductor Manufacturing Equipment Market
worth 149.8 billion by 2028 Semiconductor
Manufacturing Equipment Market by Front-end
Equipment, Back-end Equipment, Fab Facility
Equipment (Automation , Chemical Control, Gas
Control), Product Type, Dimension, Supply Chain
Participant and Region - Global Forecast to
2028 https//www.marketsandmarkets.com/Market-Rep
orts/semiconductor-manufacturing-equipment-market-
263678841.html
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The semiconductor manufacturing equipment market
is projected to reach USD 149.8 billion by 2028
from USD 91.2 billion in 2023, at a CAGR of 10.4
from 2023 to 2028. Need for semiconductor parts
in electric and hybrid vehicles and wide adoption
of 5G technology are some of the major factors
driving the market growth globally. Browse
in-depth TOC on "Semiconductor Manufacturing
Equipment Market" 281 Tables81 Figures356
Pages
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Lithography is likely to capture largest share
of the front-end semiconductor equipment market
during the forecast period Using EUV lithography
equipment is beneficial for manufacturers, as
these equipment expose critical layers of wafers
in just one step, resulting in reduced
manufacturing costs of semiconductor devices.
Also, various countries are supporting companies
operating in the photolithography equipment
market through funding. For instance, the Defense
Advanced Research Projects Agency (DARPA) of the
US is funding research for the development of
advanced IC architecture and design tools. Major
players such as ASML, KLA Corporation, Intel
Corporation, and Taiwan Semiconductor
Manufacturing Company Limited have been making
efforts to enhance the EUV lithography technology
to further reduce the wafer size to around 5
nm. Ask PDF Brochure https//www.marketsandmarke
ts.com/pdfdownloadNew.asp?id263678841 In 2022,
Asia Pacific held the largest share of the
semiconductor manufacturing equipment market for
memory In 2022, Asia Pacific held the largest
share of the semiconductor manufacturing
equipment market for memory. The region is home
to several manufacturers of low-cost devices.
Countries such as China, Japan, South Korea, and
India are researching new types of memory devices
with high speed and scalability. For instance, in
2021, scientists from the Indian Institute of
Technology in Bombay (IIT-Bombay) developed a
groundbreaking semiconductor memory technology
that can be utilized for commercial manufacturing
at the 180 nm node in India. This innovative
technology, based on ultra-thin silicon dioxide
(a few atoms thick), enables secure memory and
encryption hardware. It replaces the conventional
gate oxide-based one-time programmable (OTP)
technology with a novel OTP memory-based
approach, making it the first of its kind in
India.
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The semiconductor manufacturing equipment market
for 3D IC manufacturing 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
demand for 3D ICs is increasing as companies are
trying to increase functional integration through
multi-chip modules, silicon-in-package, and
package-on-package schemes. 3D ICs contain
multiple dies stacked, aligned, and bonded in a
single package, using through-silicon vias (TSVs)
and hybrid bonding techniques for inter-die
communication. With the increased demand for
improved functionality and miniaturization of
portable devices such as cell phones, digital
cameras, and laptop computers, manufacturers and
IDMs are expected to opt for 3D ICs, thus
bolstering the growth of this segment. Request
Free Sample Pages https//www.marketsandmarkets.c
om/requestsampleNew.asp?id263678841 Asia
Pacific accounted for the largest share of the
semiconductor manufacturing equipment market in
2022 Asia Pacific accounted for the largest share
of the semiconductor manufacturing equipment
market in 2022 a similar trend is likely to
continue during the forecast period. The market
in Asia Pacific is driven by continuous
developments in the semiconductor industry,
expansion of the semiconductor manufacturing
equipment companies operating in the region, and
financial support for the semiconductor industry
by regional governments. For instance, in 2022,
China announced a massive USD 143 billion
investment plan aimed at bolstering its
semiconductor sector amidst growing sanctions
from the US that have impacted Chinese
chipmakers. The investment will be made over a
five-year period, with a significant portion
dedicated to advancing manufacturing
capabilities.
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Driver Adoption of 5G technologyand IoT
increases demand for advanced semiconductors in
US 5G technology has been pushing the boundaries
of wireless communications, enabling use cases
that rely on ultra-fast speeds, low latency, and
high reliability. The necessity of higher data
rates, better coverage, greater spectral
efficiency demands 5G network infrastructure
development. According to the Global System for
Mobile Communications Association (GSMA), the
number of 5G connections in North America is
expected to reach 272 million by 2025. 5G-enabled
smartphones play a crucial role in raising the
demand for advanced semiconductors.
Opportunity Shortage of semiconductors leading
to development of new manufacturing
facilities Semiconductors are critical components
that power all kinds of electronics. Their
production involves a complex network of firms
that design the chips, companies that manufacture
them as well as those that supply the required
technologies, materials, and machinery. As the
worldwide semiconductor crisis continues to
disrupt supply chains and create widespread
uncertainty in the automotive and consumer
electronics sectors, some manufacturers have
announced their expansion plans. Challenge Lack
of skilled workfoce worldwide The semiconductor
manufacturing challenges persist after the
completion of semiconductor facilities. One such
challenge is the lack of a skilled workforce. The
production of semiconductor chips necessitates
specialized expertise it requires professionals
with the knowledge and skills to transform raw
materials into finished goods utilizing
specialized equipment, such as CNC machines. The
global talent gap in the semiconductor industry
is a widespread concern, as major semiconductor
hubs are facing shortages of qualified personnel
in varying degrees. According to the Workforce
Development Survey, among 95 of the overall
graduates, hiring engineering professionals for
critical fields in the semiconductor industry
proved to be highly challenging.
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