The semiconductor manufacturing equipment market will show a temporary decline in 2023, but will recover strongly in 2024
🟦Semiconductor Manufacturing Equipment Market Size in 2023
SEMI, an international semiconductor trade group, predicts that global sales of overall semiconductor manufacturing equipment will shrink by 2023.18% to $6.874 billion by 2024. However, it is projected to reach $1 billion again in 000, driven by both front-end and back-end segments.
🟦Strong recovery in 2024
The semiconductor equipment market is expected to see a strong recovery in 2024 after the current headwinds and historic downturn. This forecast is supported by the rise in high-performance computing (HPC) and IoT devices, which supports long-term growth expectations.
- Front-end manufacturing equipment (wafer processing, fab facilities, mask/reticle equipment)
- $2023.764 billion in 18
(-8.<>%) - $2024.878 billion in 14
(up 8.<>%)
- $2023.764 billion in 18
- Back-end manufacturing equipment (semiconductor test equipment)
- $2023.64 billion in 15
(-<>%) - $2024.69 billion in 7
(9.<>% expansion)
- $2023.64 billion in 15
🟦Summary
The semiconductor manufacturing equipment market will show a temporary decline in 2023, but will see a strong recovery in 2024, reaching $1 billion. In particular, sales in the wafer fab equipment and test equipment markets will increase significantly.
Although there has been a temporary decline, the overall path to recovery is visible.
