North America Semiconductor Manufacturing Equipment Market Semiconductor manufacturing equipment market in North America is expected to grow from US$ 8.45 Bn in 2018 to US$ 13.17 Bn by the year 2027 with a CAGR of 4.7% from the year 2019 to 2027.
North America Semiconductor Manufacturing Equipment Market Significant demand for consumer electronic devices boost the manufacturing prospects, which is further fueling the growth of the semiconductor manufacturing equipment market. North America Semiconductor Manufacturing Equipment Market Moreover, North America Semiconductor Manufacturing Equipment Market the increase in adoption of IoT, artificial intelligence, and connected devices across industry verticals is anticipated to boost semiconductor manufacturing equipment market growth in the forecast period. Todayโs smart products contain complex electronic systems that require flawless operation in the real world. North America Semiconductor Manufacturing Equipment Market Device miniaturization, support for multiple wireless technologies, faster data rates, and longer battery life, demand highly sophisticated Integrated Circuits (ICs) incorporated into the devices.
Additionally, North America Semiconductor Manufacturing Equipment Market demand for numerous feature integrations onto a single device has led to complex circuit board designs of these electronics. As an example, a smartphone today includes features such as camera, calling function, torch, storage drives, and connectivity with other devices, compatible ports for connections, a multimedia player, and many other functions, etc. Similarly, other consumer electronic devices have been improving on similar lines propelling the semiconductor manufacturers for more miniaturization of the chips and integration of more functionalities. Smartphones lead the incorporations of semiconductor equipment into the devices.
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North America Semiconductor Manufacturing Equipment Market The Wafer Manufacturing Equipment segment is the leading equipment type with the highest market share in North America semiconductor manufacturing equipment market. North America Semiconductor Manufacturing Equipment Market It includes single crystal manufacturing equipment, wafer processing equipment, inspection & metrology equipment, and others. The wafer manufacturing equipment is available in different forms and most of which are specific to growing, removing, depositing materials from the wafer. The increase in demand for semiconductor in various applications is expected to have a significant impact on the growth of wafer manufacturing equipment market.
The US dominated the semiconductor manufacturing equipment market in 2018 and is anticipated to lead the semiconductor manufacturing equipment market across the North American region through the forecast period, followed by Mexico and Canada. North America Semiconductor Manufacturing Equipment Market The figure given below highlights the revenue share of the Mexico in the North American semiconductor manufacturing equipment market in the forecast period:
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Advantest Corporation
Applied Materials, Inc.
ASML Holding N.V.
Hitachi High-Technologies Corporation
KLA Corporation
Lam Research Corporation
Rudolph Technologies, Inc.
Screen Holdings Co., Ltd.
Teradyne Inc.
Tokyo Electron Ltd.
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NORTH AMERICA SEMICONDUCTOR MANUFACTURING EQUIPMENT MARKET SEGMENTATION
By Equipment Type
- Wafer Manufacturing Equipment
- Assembly & Packaging Equipment
- Test Equipment
- Others
By End-Use
- Semiconductor Fabrication Plant/Foundry
- Semiconductor Electronics Manufacturing
- Test Home
By Dimension
- 2D
- 2.5D
- 3D
By Country
- U.S.
- Canada
- Mexico
North America Semiconductor Manufacturing Equipment Market: Overview and Insights
The semiconductor industry forms the backbone of modern technology, providing critical components used in everything from smartphones to electric vehicles. As a result, the semiconductor manufacturing equipment (SME) market plays an essential role in the development and production of semiconductor chips. North America, home to major semiconductor companies and manufacturers, is a key player in the global SME market. The regionโs demand for cutting-edge technologies, increasing investments in advanced semiconductor manufacturing processes, and growing reliance on semiconductors across various industries make it a focal point of market activity.
Market Overview
The North American semiconductor manufacturing equipment market encompasses various tools and machinery used to produce semiconductors. These include photolithography equipment, wafer fabrication equipment, assembly and packaging tools, and other supporting technologies. The market is driven by the increasing demand for semiconductors, advancements in process technologies, and the rise of applications such as Artificial Intelligence (AI), 5G networks, automotive electronics, and Internet of Things (IoT).
In recent years, North America has seen significant growth in the semiconductor industry, with both established companies and new entrants investing heavily in manufacturing capabilities. Semiconductor production is capital-intensive, and companies must continuously invest in advanced machinery to stay competitive. Furthermore, geopolitical factors, such as the ongoing U.S.-China trade tensions and the push for reshoring manufacturing, have amplified the regionโs focus on building robust semiconductor production capabilities.
The demand for consumer electronic devices has emerged as a significant driving force behind the growth of the semiconductor manufacturing equipment market. As technology continues to evolve, there is an increasing need for highly sophisticated semiconductor solutions that support the functionality, miniaturization, and performance of modern electronic devices. This surge in demand for consumer electronics, particularly smartphones, tablets, wearables, and other smart devices, has propelled semiconductor manufacturers to innovate and create advanced chips that can cater to the complexities and features integrated into these devices.
Increasing Demand for Consumer Electronics
The global consumer electronics market has witnessed remarkable growth in recent years, with a significant increase in the adoption of smart devices. Consumers’ demand for devices that are faster, more powerful, and feature-rich has spurred the development of more advanced semiconductor technologies. This demand for consumer electronics is expected to continue to increase in the coming years, further driving the need for state-of-the-art semiconductor manufacturing equipment.
Smartphones, for example, have become indispensable in everyday life, and they often act as the center of communication, entertainment, and productivity. As smartphones continue to evolve, their functionality has grown exponentially. Todayโs smartphones offer multiple features, such as high-resolution cameras, fast processors, high-speed wireless communication (such as 5G), multimedia playback, long battery life, and connectivity with various devices. Each of these features requires intricate and highly sophisticated semiconductor chips that can handle various tasks seamlessly.
The demand for semiconductor equipment is particularly high due to the need for continuous innovation in chip technology, which is a crucial enabler of the latest consumer electronic devices. To cater to these advanced technologies, manufacturers are increasingly focusing on producing highly miniaturized, multi-functional integrated circuits (ICs) that can fit in increasingly compact devices.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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