Semiconductor Capital Equipment Market Size, Share, Growth Analysis, By Type(Assembly Equipment, Automated Test Equipment, and Wafer Level Manufacturing Equipment), By Application(Wafer Processing, Surface Conditioning, Chemical Mechanical Planarization, Chemical Vapor Deposition and Assembly and Packaging Equipment), By Industrial Vertical(Electronics, Medical and Healthcare, Automotive, IT and Telecommunication), By Region - Industry Forecast 2024-2031

Global Semiconductor Capital Equipment Market size was valued at USD 82 billion in 2022 and is poised to grow from USD 161 billion in 2023 to USD 276.63 billion by 2031, growing at a CAGR of 7.0% in the forecast period (2024-2031).

The global semiconductor industry is driven by the rise of smartphones and other devices such as advanced electronic devices, as well as the simultaneous growth of the automotive industry. Technological changes such as wireless technology (5G) and artificial intelligence are driving the 5G services. Several factors including continued growth in demand for high-performance and low-cost semiconductors are driving the market with varying impacts in the short, medium and long term

The adoption of 5G is expected to be one of the key drivers for the market. This is because 5G expansion will expand wireless performance and enable new applications such as augmented reality, mission critical services, fixed wireless access and the Internet of Things.

Factors including innovation development of smart and portable devices, increase in digitization in various industrial verticals and application of IoT in digital electronic devices drive the adoption of digital electronic devices in various verticals as data usage in data centers, manufacturing processes. The increasing use of smart wearables in industrial screens and displays and consumer electronics has led to an increase in electronic devices that require the integration of semiconductor components. This requires advanced processing such as etching, ion implantation, wafer back grinding, chemical evaporation, polishing etc. and to develop skills in semiconductor component manufacturing and also, apply AI-machine learning, IoT and other technologies such as robotics arms and digitally fed data in manufacturing semiconductor devices and components In order to handle and process wafers on the assembly line, the technological advances are driving the global semiconductor capital equipment market.