Latest News- Wafer-Level Manufacturing Equipment Market: Foundry is expected to lead the End-user segment during 2025-2029

The Wafer-Level Manufacturing Equipment Market is being driven by Growing demand for IoT devices

The Wafer-Level Manufacturing Equipment Market is expected to grow at a CAGR of 10.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 90 billion. The semiconductor industry is witnessing a significant shift towards large-diameter wafer sizes, with 300mm wafers becoming increasingly popular. This trend is driven by the cost savings associated with larger wafer sizes, which can reduce manufacturing costs by approximately 30%. The increased surface area of large wafers enables the production of a higher number of chips, resulting in substantial cost benefits. Major consumers of 300mm wafers are primarily memory manufacturers. While some semiconductor giants are exploring the development of 450mm wafers, the current IC requirements are effectively met with the use of 300mm, 200mm, 150mm, and 100mm wafers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Foundry
  • Memory
  • IDM
• Product
  • Wafer fab equipment
  • Wafer level packaging
• Technology
  • Photolithography equipment
  • Etching equipment
• Component
  • Equipment hardware
  • Software solutions
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for IoT devices
• Increase in 5G investments
• Increasing investments in semiconductor manufacturing

However, the market also witnesses some limitations, which are as follows:

• Cyclical nature of semiconductor industry
• Increasing complexity of semiconductor IC designs
• Global shortage of semiconductor chips

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Market Scope in Wafer-Level Manufacturing Equipment Market Research Report

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Research Analysis Overview

The Wafer-Level Manufacturing Equipment Market in the semiconductor industry is driven by the demand for Integrated Circuits (ICs) in domestic manufacturing and consumer electronics. EU State aid and public funding, along with private investments, fuel the growth of this market. Memory devices, particularly in the cyclical nature of the semiconductor industry, contribute significantly. High initial costs and supply chain resilience are challenges. New technologies like Extreme Ultraviolet and eco-friendly equipment are trends. Foundry services, wafer cleaning equipment, and various wafer sizes are essential components of electronics manufacturing.

Market Research Overview

The semiconductor materials and equipment market encompasses companies engaged in the production of semiconductor materials and fabrication equipment, including wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment. According to Technavio's market analysis, the global semiconductor materials and equipment market is expected to grow significantly due to increased investments in domestic semiconductor manufacturing. This trend is driven by the surging demand for integrated circuits (ICs) across various industries and geographies, leading to the establishment of new fabrication plants. Public funding and technological advancements are also contributing factors to this market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/