Latest News:- Wafer-level Manufacturing Equipment Market: Foundry is expected to lead the End-user segment during 2024-2028

Wafer-level Manufacturing Equipment Market to grow at a CAGR of 8.73% during 2024-2028

The Wafer-level Manufacturing Equipment Market is expected to grow at a CAGR of 8.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 51.11 billion. In the semiconductor industry, the shift towards larger wafer sizes is a significant trend, with the industry moving from a 23mm diameter in 1960 to the current standard of 300mm. This transition has led to a substantial reduction in manufacturing costs, estimated at around 30%, due to the increased surface area on large wafers that enables the production of a higher number of chips. Memory manufacturers dominate the market for 300mm wafers, while some leading semiconductor companies are exploring the development of even larger 450mm wafers. Despite this, the requirements of integrated circuits can still be met with the use of 300mm, 200mm, 150mm, and 100mm wafers. 

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The Foundry subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Foundry subsegment will lead the End-user segment during 2024 and 2028 In the semiconductor industry, wafer level manufacturing equipment plays a pivotal role in meeting the unique chip design requirements of various industries, particularly in the foundry segment. Foundries, which manufacture semiconductor ICs on behalf of other companies, are anticipated to experience a surge in orders from sectors such as aerospace and defense, automotive, communication, healthcare, and telecommunication. To fulfill these production needs, foundries will require advanced wafer level manufacturing equipment to develop chips according to the specifications of their clients. Consequently, the demand for wafer level manufacturing equipment is projected to escalate during the forecast period.

Here are the various ways based on which the market is segmented: 

• End-user
  • Foundry
  • Memory
  • IDM
• Product
  • Wafer fab equipment
  • Wafer level packaging
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish growing demand for iot devices

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Wafer-level Manufacturing (WLM) Equipment Market in the electronics manufacturing industry is a critical segment driving innovation and growth. WLM involves the fabrication of integrated circuits (ICs) and microprocessors directly on the wafer, reducing production costs and increasing efficiency. WLM equipment caters to various wafer sizes, with foundry services offering custom solutions for different applications. Eco-friendly equipment and automation are key trends, with Extreme Ultraviolet (EUV) lithography, AI, 5G, and IoT technologies driving advancements. Wafer cleaning equipment is essential for maintaining high-quality standards, while semiconductor materials, etching, lithography, and deposition systems are integral to the WLM process. The market faces challenges such as high initial costs, cyclical nature, and supply chain resilience concerns. Consumer electronics, memory devices, and domestic manufacturing are significant end-users. Private investments and public funding, including EU State aid, are crucial for the semiconductor industry's growth. The market is also influenced by advancements in microprocessors, integrated circuits, and semiconductor materials.

Market Research Overview

The wafer level manufacturing equipment market, a segment of the global electronic equipment and instruments market, is anticipated to grow moderately within the larger electronics industry. This market is a subsegment of the global electronic equipment and instruments market, which encompasses manufacturers of communications equipment, technology hardware storage and peripherals, electronic components, consumer electronics, industrial electronics, and electronic manufacturing services. According to Technavio's market analysis, the global electronic equipment and instruments market size is determined by calculating the revenue generated from the sales of associated ICT and electronics products, equipment, and components.

The Wafer-level Manufacturing Equipment Market is experiencing significant growth, fueled by the growing demand for iot devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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