SAN FRANCISCO, July 9, 2024 /PRNewswire/ -- Global sales of
total semiconductor manufacturing equipment by original equipment
manufacturers are forecast to set a new industry record, reaching
$109 billion in 2024, growing 3.4%
year-on-year, SEMI announced today in its Mid-Year Total
Semiconductor Equipment Forecast – OEM Perspective at SEMICON
West 2024. Semiconductor manufacturing equipment growth is expected
to continue in 2025, with sales forecast to set a new high of
$128 billion in 2025, driven by both
the front-end and back-end segments.
"The growth in total semiconductor manufacturing equipment sales
already underway this year is forecast to be followed by a robust
expansion of roughly 17% in 2025," said Ajit Manocha, SEMI president and CEO. "The
global semiconductor industry is demonstrating its strong
fundamentals and growth potential supporting the diverse range of
disruptive applications emerging from the Artificial Intelligence
wave."
Semiconductor Equipment Sales by Segment
After registering a record $96
billion in sales last year, the wafer fab equipment segment,
which includes wafer processing, fab facilities and mask/reticle
equipment, is projected to increase 2.8% to $98 billion in 2024. This marks a notable
increase from the previously forecasted $93
billion in SEMI's 2023 Year-End Equipment Forecast. Ongoing
strong equipment spending in China
and substantial investments in DRAM and HBM, driven by AI
computing, drove the upward revision. Looking ahead to 2025, Wafer
fab equipment segment sales are projected to expand 14.7%, reaching
$113 billion due to increased demand
for advanced logic and memory applications.
Following two years of contraction caused by challenging
macroeconomic conditions and softening semiconductor demand, the
back-end equipment segment is anticipated to start its recovery in
the second half of 2024. Specifically, sales of semiconductor test
equipment are projected to rise 7.4% to $6.7
billion in 2024, while assembly and packaging equipment
sales are predicted to increase 10.0% to $4.4 billion in the same year. Furthermore,
back-end segment growth is expected to accelerate in 2025, with
test equipment sales surging 30.3% and assembly and packaging sales
increasing 34.9%. The segments' growth is supported by the
increasing complexity of semiconductor devices for high-performance
computing and the expected recovery in demand for automotive,
industrial, and consumer electronics end-markets. Additionally,
back-end growth is expected to increase over time to process
ramping supply from new front-end fabs.
Wafer Fab Equipment (WFE) Sales by Application
The sales of Wafer Fab equipment for foundry and logic
applications are expected to show a moderate contraction of 2.9%
year-over-year to $57.2 billion in
2024 as a result of softening in demand for mature nodes and higher
than expected sales for advanced nodes in the previous year. The
segment is forecast to grow 10.3% in 2025 to $63.0 billion, driven by increasing demand for
leading-edge technology, the introduction of new device
architectures, and increased capacity expansion purchases.
Memory-related capital expenditures are projected to see the
most significant increase in 2024 and demonstrate continued growth
in 2025. NAND equipment sales are expected to remain relatively
stable in 2024, with a 1.5% increase to $9.35 billion, as supply and demand normalize,
setting the stage for a 55.5% expansion to $14.6 billion in 2025. Meanwhile, DRAM equipment
sales are projected to grow strongly at 24.1% and 12.3% in 2024 and
2025, respectively, supported by surging demand for high-bandwidth
memory (HBM) for AI deployment and ongoing technology
migration.
Semiconductor Equipment Sales by Region
China, Taiwan and Korea are expected to remain the
top three destinations for equipment spending through 2025.
China is projected to maintain the
top position over the forecast period as the region's equipment
purchases continue to rise. Equipment shipments to China are projected to exceed a record
$35 billion in 2024, solidifying its
lead over other regions. While equipment spending for some regions
is expected to fall in 2024 before rebounding in 2025, China is expected to see a contraction in 2025
following significant investments over the past three years.
The SEMI forecast is based on collective input from top
equipment suppliers, the SEMI Worldwide Semiconductor Equipment
Market Statistics (WWSEMS) data collection program and the
industry-recognized SEMI World Fab Forecast
database.
About SEMI Market Data
The Equipment Market Data Subscription (EMDS) from SEMI provides
comprehensive market data for the global semiconductor equipment
market. A subscription includes three reports:
- Monthly SEMI North American Billings Report, an
early perspective of equipment market trends
- Monthly Worldwide Semiconductor Equipment Market
Statistics (WWSEMS), a detailed report of
semiconductor equipment billings for seven regions and more than 22
market segments
- Bi-annual Total Semiconductor Equipment Forecast – OEM
Perspective, an outlook for the semiconductor equipment
market
For more information online, please visit SEMI Market Data.
About SEMI
SEMI® is the global industry association
connecting over 3,000 member companies and 1.5 million
professionals worldwide across the semiconductor and electronics
design and manufacturing supply chain. We accelerate member
collaboration on solutions to top industry challenges through
Advocacy, Workforce Development, Sustainability, Supply Chain
Management and other programs. Our
SEMICON® expositions and events, technology
communities, standards and market intelligence help advance our
members' business growth and innovations in design, devices,
equipment, materials, services and software, enabling smarter,
faster, more secure electronics. Visit www.semi.org, contact a
regional office, and connect with SEMI
on LinkedIn and X to learn more.
Association Contact
Samer Bahou/SEMI
Phone: 1.408.943.7870
Email: sbahou@semi.org
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