Global Wafer Fab Equipment
Market Report
2024
Wafer fab equipment market will be USD 71512.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Wafer fab equipment market will be USD 71512.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Wafer Fab Equipment Market Sales Revenue 2024 | $ 71512.2 Million |
Global Wafer Fab Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Asia Pacific Wafer Fab Equipment Market Sales Revenue 2024 | $ 16447.8 Million |
Asia Pacific Wafer Fab Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Wafer Fab Equipment Market Sales Revenue 2024 | $ 3575.61 Million |
South America Wafer Fab Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
North America Wafer Fab Equipment Market Sales Revenue 2024 | $ 28604.9 Million |
North America Wafer Fab Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Europe Wafer Fab Equipment Market Sales Revenue 2024 | $ 21453.7 Million |
Europe Wafer Fab Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Market Split by Fabrication Process |
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Market Split by End-user |
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Market Split by Node Size |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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The market's expansion is contingent upon multiple reasons, such as the escalating need for consumer electronics, the growing utilization of semiconductor chips across diverse industries, and the transition from conventional silicon-based technologies to cutting-edge innovations such as 5G, AI, IoT, and self-driving cars. Wafer fab equipment is the device and equipment used to fabricate integrated circuits (ICs) on semiconductor wafers. These complex tools, which include photoresist coaters, photolithography systems, etching tools, deposition systems, ion implanters, metrology tools, and wafer handlers, are essential to manufacturing integrated circuits (ICs). These machines deposit, etch, pattern, and test the various IC layers and components during manufacturing.
The collective term for the machinery goes into making Semiconductor Wafer Fab Machinery (WFE). The most important part of WFE is the lithography apparatus, which prints circuit designs on wafers. Other common types of WFE are etching and deposition tools and metrology equipment used in quality control. The phrase "150mm" describes a type of wafer with a diameter between 149.8 and 150.2 mm widely utilized in producing integrated circuits or semiconductor devices. The 200 mm wafer fabrication equipment market is projected to grow more quickly than the other two categories combined. The increased demand for low-cost processors is primarily to blame for this.
According to SEMI, chipmakers worldwide started constructing 19 new fabs in 2021, and another ten were scheduled for 2022. According to SEMI, China and Taiwan lead the world in new fabrication construction with eight projects each.
(Source: https://semiengineering.com/china-accelerates-foundry-power-semi-efforts/)
Customers are continuously searching for the newest models with more powerful CPUs and more storage space because of the quick technological advancements and the release of new features. This has forced smartphone manufacturers to invest significantly in modernizing their production facilities with cutting-edge semiconductor wafer fab technology. The popularity of wearable technology, including fitness trackers, smartwatches, and virtual reality headsets, has increased recently. The market players in the wafer fab equipment (WFE) segment stand to benefit greatly from the anticipated increase in demand for sophisticated wafer fab equipment brought on by the growing popularity of wearable technology.
In addition, the emergence of IoT has prompted the creation of connected automobiles, smart household products, and industrial automation systems. Rugged semiconductors that can perform intricate functions and interface with other devices without any problems are needed for these devices. Therefore, wafer fabrication equipment makers are witnessing a rise in demand from sectors other than consumer electronics. Consequently, during the projected period, these factors are anticipated to propel the expansion of the global market.
A significant advancement in technology was the creation of sophisticated lithography methods. Because it entails transferring intricate patterns onto thin silicon wafers, the lithography process is a crucial stage in producing semiconductor chips. The increasing application of 3D microchip technology is another significant development. Several transistor layers are stacked on top of one another in 3D integrated circuits, which offer greater functionality and performance in a smaller package.
Low-power semiconductor chips are also in high demand due to the growth of the Internet of Things and connected gadgets. Due to this requirement, sophisticated manufacturing techniques have been developed, including nanowire transistors and finned field-effect transistors (FinFETs). By improving control over power leakage, these technologies contribute to developing energy-efficient chips. To create these improved transistors, wafer fab equipment with sophisticated process control is needed. Thus, these factors will propel the market's expansion during the forecast period.
One piece of expensive equipment on the worldwide market is the lithography machine. These machines are crucial to manufacturing because they are in charge of moving the circuit samples onto the wafer surface. Ultraviolet (EUV) lithography systems are examples of advanced lithography equipment that can run into the hundreds of millions of dollars. These devices are expensive because of the intricacy and accuracy involved in their manufacturing.
In order to produce patterns and structures, the etching process also entails carefully removing particular layers from the semiconductor wafer. Advanced semiconductor devices must be fabricated using sophisticated etching equipment, such as deep reactive ion etching (DRIE) systems. These machines are costly because of the intricate nature of the procedure and the need for exact control over the engraving parameters. As a result, during the forecast period, these factors are anticipated to hinder the expansion of the global market.
Semiconductor Wafer Fab Equipment (WFE) is now more necessary in many businesses due to the COVID-19 pandemic to reduce operating costs, increase productivity, and do away with maintenance. Conversely, as adoption and investment in this product have grown in industries such as machinery and equipment that enhance overall customer experience, the Semiconductor Wafer Fab Equipment (WFE) market has grown. The epidemic has also highlighted the importance of the semiconductor wafer fabrication equipment (WFE) market to several industries.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In January 2022, ASML Holding N.V. and Intel Corporation unveiled the latest development in their long-term partnership to push the boundaries of semiconductor lithography technology.
Top Companies Market Share in Wafer Fab Equipment Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The government's backing of the semiconductor industry and the rising demand for semiconductors will be the main drivers of this expansion. A key technique that makes it possible to produce semiconductors for the next generation is EUV lithography. One of the most expensive pieces of wafer fabrication equipment, EUV lithography tools, are predicted to become more in demand as EUV becomes more widely used.
The Asia Pacific region is witnessing an increase in sales. APAC has emerged as a center for wafer fabrication equipment due to several factors, including a booming semiconductor sector, technical developments, and rising demand for electronic products. Major regional semiconductor manufacturers are one of the main drivers driving the market's growth. Furthermore, government programs aimed at bolstering and assisting the semiconductor sector in the Asia-Pacific area are crucial to expanding the worldwide market.
The current report Scope analyzes Wafer Fab Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the global wafer fab equipment market size was estimated at USD 71512.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 16447.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. The rising use of consumer electronics, automobile electronics, and industrial automation is fueling the explosive growth in the need for semiconductors. The demand for wafer fab equipment is being driven by increased investment in wafer fab capacity as a result of this. The semiconductor industry is receiving support from numerous governments throughout the Asia Pacific through tax cuts, subsidies, and other incentives. This is bringing in money and improving the climate so that the market for wafer fab equipment can expand.
According to Cognitive Market Research, the global Wafer fab equipment market size was estimated at USD 71512.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 3575.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Recognizing the semiconductor industry's potential to spur economic growth and create jobs, numerous governments in Latin America are putting policies and programs into place to entice investment in this sector. More sophisticated semiconductor chips are becoming more and more necessary in Latin America due to the growing demand for electronic devices like laptops, tablets, and smartphones. Within the worldwide semiconductor industry, the wafer fab equipment market for foundries in Latin America is a relatively small but expanding segment. Wafer fab equipment is used to make semiconductors manufactured by foundries on behalf of other businesses.
According to Cognitive Market Research, the global wafer fab equipment market size was estimated at USD 71512.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1430.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The MEA region's governments are funding programs to draw in and assist semiconductor producers as they become more aware of the sector's significance. The MEA region's demand for electronics is expanding quickly due to several factors, including increased urbanization, rising disposable incomes, and population expansion. Additional semiconductors are fueling the market expansion for wafer fab equipment. The foundry segment is expected to be one of the major drivers of growth in the MEA wafer fab equipment market. Foundries require a wide range of equipment to manufacture chips.
According to Cognitive Market Research, the global wafer fab equipment market size was estimated at USD 71512.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 28604.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. The rising use of electronic gadgets like laptops, tablets, and smartphones drives semiconductor demand. Wafer fab equipment is becoming more in demand due to the growing investment in wafer fab capacity. Manufacturers of semiconductors are increasingly choosing to relocate their operations from Asia to North America. This is caused by several things, including needing to be nearer to their customers and worrying about intellectual property theft. This change also drives the need for wafer fab equipment in North America. The wafer fab equipment market in North America has a promising future. The market is anticipated to keep expanding in the next years due to the rising demand for sophisticated chips and the growth of foundries. This offers equipment makers a huge chance to create fresh, creative solutions that satisfy the demands of the semiconductor sector.
Cognitive Market Research shows a market value of USD 71512.2 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 21453.66 million. The growing usage of electronics in various applications, including automotive, consumer electronics, and industrial automation, is predicted to fuel the need for semiconductors in Europe. The need for wafer fab equipment will rise as a result. Several European governments are launching initiatives to boost the European semiconductor industry. These initiatives include financial support and investments in R&D. This is anticipated to increase Europe's need for wafer fab equipment. Chip makers who make chips for other businesses are called foundries. They are becoming increasingly significant in the European semiconductor market because they provide economies of scale and flexibility that many businesses cannot provide for themselves. Wafer-fab equipment tailored to foundries is becoming more and more in demand.
Global Wafer Fab Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Wafer Fab Equipment Industry growth. Wafer Fab Equipment market has been segmented with the help of its Fabrication Process, End-user Node Size, and others. Wafer Fab Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, front-end-of-line processing held the major market share over the forecast period. A chip's fundamental transistors and interconnects are made during the first phase of semiconductor fabrication, known as FEOL processing. This is accomplished by depositing thin material layers onto the wafer, lithographing these layers, and then etching away material that is not needed.
Back-end-of-line processing is the fastest-growing category over the forecast period. The complicated and vital semiconductor business powers a wide range of technology, including telecommunications, automotive, and consumer electronics. This industry converts silicon wafers into functioning integrated circuits (ICs) by wafer fab equipment and back-end-of-line (BEOL) processing.
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According to Cognitive Market Research, the foundry holds a prominent market share. Foundries are crucial to the semiconductor industry because they offer manufacturing services to firms that create and design integrated circuits. The expanding trend of IC chip production is also helping the foundry segment of the global market. Rather than investing in their production facilities, many companies—especially those prioritizing design and innovation—choose to contract out the production process to foundries. Due to this trend, foundries that aim to offer inexpensive and effective fabrication services to a broad range of clients are seeing an increase in demand for semiconductor wafer fab equipment.
Integrated device manufacturer IDM is the fastest-growing category over the forecast period. The main users of wafer fab equipment are IDMs. They must buy various tools, including lithography instruments, deposition systems, etching tools, and cleaning supplies. The kind of integrated circuits (ICs) they manufacture and the processing technique they employ determine their required equipment.
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According to Cognitive Market Research, the 10 nm holds a prominent market share. The market for wafer fab equipment is anticipated to increase significantly in the next years due to the rising demand for sophisticated semiconductors, particularly in the 10 nm node size segment. Artificial intelligence, 5G, and other cutting-edge technologies that demand ever more powerful and efficient CPUs are driving this increase.
32 nm is the fastest-growing category over the forecast period. The growing need for improved logic devices and the continuous transition from mature to more advanced nodes are projected to fuel expansion in the wafer fab equipment market's 32nm node size segment in the upcoming years.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
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Fabrication Process | Front-end-of-line Processing , Back-end-of-line Processing |
End-user | Foundry , Memory , Integrated Device Manufacturer IDM |
Node Size | 7 nm and Below , 10 nm , 14 nm , 22 nm , 32 nm , 45 nm , 65 nm and Above |
List of Competitors | Applied Materials, ASML, KLA-Tencor, Lam Research, TEL, Dainippon Screen Manufacturing, Hitachi High Technologies, Nikon, Hitachi Kokusai Electric |
This chapter will help you gain GLOBAL Market Analysis of Wafer Fab Equipment. Further deep in this chapter, you will be able to review Global Wafer Fab Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Wafer Fab Equipment Market Trends North America Wafer Fab Equipment Technological Road Map North America Wafer Fab Equipment Market Drivers North America Wafer Fab Equipment Market Restraints North America Wafer Fab Equipment Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fabrication Process Analysis 2019 -2031, will provide market size split by Fabrication Process. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fabrication Process Analysis 2019 -2031
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Chapter 11 Market Split by End-user Analysis 2019 -2031
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Chapter 12 Market Split by Node Size Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Wafer Fab Equipment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Front-end-of-line Processing have a significant impact on Wafer Fab Equipment market? |
What are the key factors affecting the Front-end-of-line Processing and Back-end-of-line Processing of Wafer Fab Equipment Market? |
What is the CAGR/Growth Rate of Foundry during the forecast period? |
By type, which segment accounted for largest share of the global Wafer Fab Equipment Market? |
Which region is expected to dominate the global Wafer Fab Equipment Market within the forecast period? |
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Country level Data Customization |
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Company Level |
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Additional Quantitative Data |
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