Semiconductor Manufacturing Equipment Market to Grow by $62 Billion
The semiconductor manufacturing equipment market is projected to grow by $62 billion over the next five years, reaching $196.07 billion by 2030.
The global market for semiconductor manufacturing equipment is expected to expand significantly, growing from an estimated $122.22 billion in 2025 to $134.21 billion in 2026, at a compound annual growth rate (CAGR) of 9.8%. Projections indicate the market will further reach $196.07 billion by 2030, with a CAGR of 9.9%.
Key growth drivers include increasing demand for AI chips, the expansion of the Internet of Things (IoT) requiring more microchips, and advancements in areas like 3D/2.5D packaging. Rising production of consumer electronics and the establishment of new domestic fabrication plants also contribute to market expansion.
Companies in the sector are pursuing innovation to enhance their offerings. Lam Research Corporation, for example, launched the Coronus DX bevel deposition solution for next-generation logic and advanced packaging applications. Mergers and acquisitions are also shaping the market landscape, such as Cohu Inc.'s acquisition of MCT Worldwide LLC to expand its semiconductor test handling capabilities.
Despite positive growth trends, the market faces challenges. Global trade relations and tariffs have increased operational costs and led to deployment delays, particularly in the Asia-Pacific and North American regions. Conversely, these tariffs have also incentivized reshoring of semiconductor manufacturing and the development of localized component sourcing strategies.