Semiconductor Capital Equipment Market to Reach USD 146 Billion by 2030, Driven by Consumer Electronics, Automotive, and IoT Growth

Semiconductor Capital Equipment Market to Reach USD 146 Billion by 2030, Driven by Consumer Electronics, Automotive, and IoT Growth

According to Next Move Strategy Consulting, the global Semiconductor Capital Equipment Market, is poised to grow to USD 146 billion by 2030, representing a robust compound annual growth rate (CAGR) of 8.3% from 2024 to 2030. This growth is being fueled by the increasing demand for advanced semiconductors across multiple sectors, including consumer electronics, automotive, telecommunications, and the rapidly expanding Internet of Things (IoT) market.

The semiconductor capital equipment market refers to the specialized machinery and tools used in the production and testing of semiconductors—essential components that power a wide range of modern electronic devices. From smartphones to electric vehicles (EVs), these components are critical to the functioning of today’s technology-driven world.

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Market Dynamics and Growth Drivers

A key factor driving market growth is the ever-increasing demand for consumer electronics such as smartphones, tablets, and wearables. According to the Global System for Mobile Communications (GSMA), 4.3 billion people worldwide owned a smartphone as of 2023. As more consumers turn to these devices, the need for advanced semiconductor manufacturing equipment intensifies.

The automotive sector, particularly the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), is also driving demand for semiconductor technologies. In 2023, global car sales surged by 5%, reaching nearly 77 million units, further increasing the demand for semiconductors. These technologies rely heavily on semiconductors to function effectively, further accelerating the need for advanced manufacturing equipment.

In addition, the IoT market is experiencing rapid expansion, with the number of devices expected to grow from 30.7 billion in 2020 to 75.4 billion by 2025, as reported by Information Handling Services (IHS). As IoT devices proliferate in industries ranging from smart homes to industrial applications, the demand for high-performance semiconductor components continues to rise, driving further growth in semiconductor capital equipment.

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Technological Innovations and Opportunities

While the high costs of advanced semiconductor manufacturing equipment remain a challenge for small companies, the industry is witnessing major technological advancements that offer significant growth opportunities. Innovations such as 3D chip packaging, fan-out wafer-level packaging (FOWLP), and chip-on-wafer (CoW) technologies are gaining traction. These packaging techniques enable more powerful and compact semiconductor designs, fueling demand for cutting-edge manufacturing equipment.

Regional Insights: Asia-Pacific and North America Lead the Charge

Asia-Pacific is expected to maintain its dominance in the semiconductor capital equipment market, driven by the presence of leading companies like SCREEN Holdings, Advantest, and Hitachi High-Tech. Strategic investments and infrastructure developments, such as SCREEN Holdings’ new factory in Japan, are strengthening the region’s production capabilities and technological innovations.

In North America, the semiconductor capital equipment market is benefiting from robust government initiatives, such as the U.S. CHIPS Act, which invested USD 450 billion in the semiconductor industry. These efforts are expected to bolster domestic manufacturing capabilities and attract global semiconductor companies, thus fueling demand for semiconductor manufacturing equipment.

Key Players and Competitive Landscape

The semiconductor capital equipment market is highly competitive, with key players such as Applied Materials, ASML Holding, Lam Research, Tokyo Electron, and KLA Corporation leading the industry. These companies are focusing on strategic partnerships, product launches, and innovation to maintain their market dominance.

Notable recent developments include ASML’s partnership with Imec to establish the High NA EUV Lithography Lab, and Tokyo Electron’s launch of the Ulucus G, a new water thinning system designed for advanced wafer fabrication. These initiatives aim to push the boundaries of semiconductor manufacturing and enhance the performance of semiconductor devices.

Conclusion

The global semiconductor capital equipment market is poised for significant growth, driven by rising demand from sectors such as consumer electronics, automotive, telecommunications, and IoT. As technological advancements continue to shape the industry, innovations in semiconductor manufacturing equipment will play a pivotal role in meeting the growing demand for advanced semiconductor components. While challenges like high investment costs remain, opportunities in new packaging technologies offer a bright future for the sector.

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Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

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