Semiconductor Manufacturing Equipment Market Size

Semiconductor Manufacturing Equipment Market size was valued at USD 107.66 billion in 2024 and is likely to exceed USD 325.46 billion by the end of 2037, registering over 9.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of semiconductor manufacturing equipment is evaluated at USD 115.67 billion.

The surging demand for miniature devices along with other consumer electronics is anticipated to bolster the market expansion during the assessment period as the design of I.C. of electronics is getting complicated and requires semiconductors. The revenue generated by the global consumer electronics industry is anticipated to increase to USD 2 trillion by 2030 from USD 1 trillion in 2022, with a growth rate of 9%.

One of the major applications of sophisticated and miniaturized semiconductors is in everyday use electronics such as smartphones, laptops, television, and other wearable devices such as smartwatches and fitness bands. Thus, the penetration of smart devices is anticipated to boost the development of global semiconductor manufacturing equipment in the next few years.