Wafer Fab Equipment Market Report 2024 (Global Edition)

Global Wafer Fab Equipment Market Report 2024 Market Size Split by Fabrication Process (Front-end-of-line Processing , Back-end-of-line Processing), by End-user (Foundry , Memory , Integrated Devic...

Wafer Fab Equipment Market Report Description

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Competitive Landscape of the Wafer Fab Equipment Market

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.

Wafer Fab Equipment Industry News

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.

(Source: https://www.asml.com/en/news/press-releases/2022/intel-and-asml-strengthen-their-collaboration-to-drive-high-na-into-manufacturing-in-2025)

Top Companies Market Share in Wafer Fab Equipment Industry: (In no particular order of Rank)

• Applied Materials
• ASML
• KLA-Tencor
• Lam Research
• TEL
• Dainippon Screen Manufacturing
• Hitachi High Technologies
• Nikon
• Hitachi Kokusai Electric
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional analysis of the Wafer Fab Equipment Market

Which Region Will Dominate the Wafer Fab Equipment Market in 2024?

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.

Which is Expanding at the Fastest CAGR?

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wafer Fab Equipment Market

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.

• According to Cognitive Market Research, the US had a major share in the wafer fab equipment market with a market size of USD 22569.25 million in 2024, and it is projected to grow at a CAGR of 4.0% during the forecast period. An essential component of the semiconductor industry, the wafer fab equipment market in the US is essential to manufacturing integrated circuits (ICs), which are the brains behind many electronic gadgets.
• The Canada wafer fab equipment market had a market share of USD 3432.59 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The market for wafer fab equipment in Canada has a promising future. The market is anticipated to expand in the upcoming years due to the high demand for semiconductors and the government's support of the sector.
• The Mexico wafer fab equipment market is projected to grow at a CAGR of 4.7% during the forecast period, with a market size of USD 2603.04 million in 2024.

Europe Wafer Fab Equipment Market

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.

• The United Kingdom wafer fab equipment market had a market share of USD 3604.21 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The UK government recently unveiled a national semiconductor strategy to strengthen its semiconductor sector and reduce import dependency. This is anticipated to fuel expansion in the wafer fab equipment market in the upcoming years.
• The French wafer fab equipment market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 1973.74 million in 2024.
• According to Cognitive Market Research, the size of the German wafer fab equipment market was valued at USD 4247.82 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. There is a rising need for cutting-edge semiconductor chips, which are utilized in various electronic products like computers, smartphones, and autos.
• The Italian wafer fab equipment market is projected to grow at a CAGR of 3.9% during the forecast period, with a market size of USD 1845.01 million in 2024.
• The Russian wafer fab equipment market is projected to grow at a CAGR of 3.5% during the forecast period, with a market size of USD 3325.32 million in 2024.
• The Spanish wafer fab equipment market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of USD 1759.20 million in 2024.
• The Luxembourg wafer fab equipment market is projected to grow at a CAGR of 4.6% during the forecast period, with a market size of USD 665.06 million in 2024.
• The Portugal wafer fab equipment market is projected to grow at a CAGR of 4.3% during the forecast period, with a market size of USD 450.53 million in 2024.
• The Greece wafer fab equipment market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD 257.44 million in 2024.
• The rest of Europe's wafer fab equipments market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD 3325.32 million in 2024.

Asia Pacific Wafer Fab Equipment Market

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 size of the China wafer fab equipment market was valued at USD 7401.51 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. The wafer fab equipment market is anticipated to grow due to the Chinese government's recent large investments in the semiconductor industry.
• The Japan wafer fab equipment market is projected to grow at a CAGR of 6.5% during the forecast period, with a market size of USD 2269.80 million in 2024.
• The India wafer fab equipment market had a market share of USD 1973.74 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The market will expand due to the government's dedication to helping the country's semiconductor industry flourish, the rising need for electronics, and India's ability to compete on price.
• The South Korean wafer fab equipment market is projected to grow at a CAGR of 7.1% during the forecast period, with a market size of USD 1644.78 million in 2024.
• The Australian wafer fab equipment market is projected to grow at a CAGR of 7.7% during the forecast period, with a market size of USD 855.29 million in 2024.
• The South East Asia wafer fab equipment market is projected to grow at a CAGR of 9.0% during the forecast period, with a market size of USD 1134.90 million in 2024.
• The Rest of the Asia Pacific wafer fab equipment market is projected to grow at a CAGR of 7.8% during the forecast period, with a market size of USD 1167.79 million in 2024.

South America Wafer Fab Equipment Market

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 size of the Brazil wafer fab equipment market was valued at USD 1530.36 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In the upcoming years, Brazil's semiconductor market is predicted to increase greatly due to the rising use of computers, cell phones, and other electronic devices.
• The Argentina wafer fab equipment market had a share of USD 600.70 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The expanding usage of electronic gadgets, like computers, smartphones, and automobiles, is driving up demand for semiconductors internationally. Argentina and other recently entered markets for semiconductors are benefiting from this.
• The Colombia wafer fab equipment market is projected to grow at a CAGR of 5.2% during the forecast period, with a market size of USD 318.23 million in 2024.
• The Peru wafer fab equipment market is projected to grow at a CAGR of 5.6% during the forecast period, with a market size of USD 293.20 million in 2024.
• The Chile wafer fab equipment market is projected to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 257.44 million in 2024.
• The Rest of Latin America's wafer fab equipment market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 575.67 million in 2024.

Middle East and Africa Wafer Fab Equipment Market

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 GCC Countries' wafer fab equipment market size was valued at USD 612.14 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In the upcoming years, the Gulf Cooperation Council (GCC) countries' wafer fab equipment market is anticipated to grow significantly due to several factors, including government measures to increase domestic semiconductor production.
• The Egypt wafer fab equipment market is projected to grow at a CAGR of 6.0% during the forecast period, with a market size of USD 150.18 million in 2024.
• The South African wafer fab equipment market is projected to grow at a CAGR of 6.7% during the forecast period, with a market size of USD 225.98 million in 2024. The rising need for semiconductors in South Africa is fueled by the expansion of the consumer electronics, telecommunications, and automotive sectors.
• The Turkish wafer fab equipment market is projected to grow at a CAGR of 5.2% during the forecast period, with a market size of USD 123.00 million in 2024.
• The Nigeria wafer fab equipment market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD 150.18 million in 2024.
• The Rest of the MEA wafer fab equipment market is projected to grow at a CAGR of 4.7% during the forecast period, with a market size of USD 168.77 million in 2024.

Wafer Fab Equipment Market Analysis

Wafer Fab Equipment Market Fabrication Process Segment Analysis

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.

• Front-end-of-line Processing 
• Back-end-of-line Processing

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wafer Fab Equipment Industry. Request a Free Sample PDF!

Wafer Fab Equipment Market End-user Segment Analysis

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.

• Foundry 
• Memory 
• Integrated Device Manufacturer IDM

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Wafer Fab Equipment Node Size Segment Analysis

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.

• 7 nm and Below 
• 10 nm 
• 14 nm 
• 22 nm 
• 32 nm 
• 45 nm 
• 65 nm and Above

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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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.

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