According to a recent report published by the International Semiconductor Industry Association (SEMI), the global semiconductor manufacturing equipment market will grow by 34% to 95.3 billion US dollars in 2021, and it is expected to reach a new high in 2022, breaking through the 100 billion US dollars mark.

(Image source: SEMI)

SEMI predicts that chip demand continues to surge under the impact of the epidemic and that they are widely used in products such as communications and IT infrastructure.This will boost sales of Semiconductor-Manufacturing devices this year and benefit global wafer factories as well.

South Korea, mainland China and Taiwan will remain in the top three places for device spending in 2021, with South Korea topping the list with strong recovery in storage demand and strong investment in contract manufacturing.

Taiwan is expected to regain its leading position next year, while other regional markets are also growing this year and next.

From the perspective of device types, expenditures on wafer Fab Equipment, including wafer processing, wafer plant facilities and light mask equipment, are expected to increase by 34% in 2021 and reach an all-time high of $81.7 billion.It is also expected to grow by 6% in 2022, with a market size of more than $86 billion.

Thanks to the strong demand for advanced technology from global industrial digitization, the wafer substitution and logical processes, which account for more than half of total wafer plant equipment sales, will grow 39% year-on-year in 2021 with total expenditure reaching $45.7 billion, which will continue to grow until 2022.

Strong demand for memory and storage is driving spending on NAND and DRAM manufacturing equipment, which is expected to grow 46% in 2021 and exceed $14 billion.The NAND flash device market is expected to grow by 13% to $17.4 billion in 2021 and by 9% to $18.9 billion in 2022.

Driven by advanced packaging technology, the packaging equipment sector is expected to grow 56% to $6 billion in 2021 and 6% in 2022.Semiconductor test equipment market is expected to grow by 26% to $7.6 billion in 2021, and demand for 5G and high performance computing (HPC) applications will continue to grow by 6% in 2022. 

Content Source: Financial Associations