Published: November 2023 | Report Code: 12779 | Available Format: PDF | Pages: 330
The global semiconductor chemical vapor deposition equipment market size was valued at $15.9 billion in 2023. This number is expected to increase to $23.6 billion by 2030, advancing at a CAGR of 5.8% during 2024–2030. The upsurge in demand for microelectronic and semiconductor devices, technological advancements in the semiconductor industry, and the rise in the usage of semiconductor materials in AI programs such as IoT, autonomous vehicles, and AI-driven electronics are some of the prime factors contributing to the market growth. Moreover, strict regulations regarding the usage of hexavalent chromium for electroplating are also driving the market.
The memory manufacturer category is expected to witness the fastest growth during the forecast period, advancing at a CAGR of over 6.0%, in the market. The rising consumption of data across the globe results in high demand for memory products. This leads to the expansion of the memory business, and also because of the increasing need for these products from the consumer electronics and data center sectors. Thus, these factors are responsible for the high market growth in this category.
Whereas, integrated device manufacturers accounted for the largest revenue share, of over 50%, in 2023, and the category is further expected to dominate the market during the forecast period, advancing at a significant CAGR. This is attributed to the increasing usage of thin-film deposition in the semiconductor industry to manufacture ICs or microchips. Furthermore, the growing sales of microelectronic and consumer electronic products are expected to drive the market share of this category.
The semiconductor industry is rising at a high pace, which is directly leading to the growth in the semiconductor CVD equipment market. The industry growth can be attributed to the rising consumption of electronic devices across the globe; the increasing demand for automotive electronics for navigation control, collision detection systems, and infotainment systems; and the surging need for industrial electronics, wireless communication systems, and data storage devices. In all these systems, semiconductors are widely used. Moreover, semiconductors are used in wearables and web-integrated healthcare and medical devices, which further contribute to the market growth.
Hexavalent chromium Cr(VI), produced by an industrial process, is being used in electroplating. Chrome plating is highly toxic and is known to cause cancer, and targets respiratory systems, kidneys, liver, skin, and eyes. Therefore, regulations in developed countries have long been in place to make sure that anyone working in a setting where chrome products are manufactured is provided with protective clothing, breathing equipment, and ventilation. Also, the Cr(VI) has been registered on the list of hazardous substances under the Registration, Evaluation, Authorization, and Restrictions of Chemicals (REACH) directive since 2004.
In addition, in September 2017, stricter regulations were imposed on the usage of hexavalent chromium coatings in an attempt to ensure the health of both individuals and the environment. Similarly, in the U.S., to protect workers from Cr(VI) exposure, specific OSHA standards (1910.1026) are in place for general industry. Such standards or legislation regulations help the market to grow at a significant pace.
Market Size in 2023
USD 15.9 Billion
Market Size in 2024
USD 16.8 Billion
Revenue Forecast in 2030
USD 23.6 billion
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By End User; By Type; By Region
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Globally, the APAC semiconductor chemical vapor deposition equipment market accounted for the largest revenue share, of over 45%, in 2023, and it is expected to maintain its position in the coming years as well, advancing at a robust CAGR of 6.2%. The extensive manufacturing infrastructure for semiconductor-based electronic products; the rise in demand for nanotechnology-based materials such as silicon nanowire, carbon nanotube, and graphene to enable the production of battery materials used in electric vehicles; and the surge in need for consumer electronic goods, are the key factors flourishing the APAC market.
The European market for semiconductor chemical vapor deposition equipment will witness substantial growth during the forecast period, owing to the growing end-use industries such as electronics, telecom, and automotive, where semiconductors are widely used; and the presence of several local market players.
Chemical vapor deposition is widely used in the electronics industry to manufacture thin films of electronic materials such as conductors, semiconductors, and insulators. Also, the process and the equipment gaining traction, due to the increased production of high-performance, high-purity solid materials, which are majorly used in microelectronic devices.
Moreover, the rising consumer demand for metallic coatings to prolong the life of finished goods and for numerous surface-related characteristics such as electronic, optical, magnetic, and catalytic; and the shift in consumer preference toward durable, contemporary, and reliable electronic devices, have all contributed to the increase in the use of semiconductor CVD equipment.
To maintain a strong market position and remain competitive, players have adopted several strategies, including facility expansion, collaborations, partnerships, acquisitions, and client wins. For instance:
This fully customizable report gives a detailed analysis of the semiconductor chemical vapor deposition equipment industry from 2017 to 2030, based on all the relevant segments and geographies.
Based on End User
The semiconductor chemical vapor deposition equipment market size stood at $15.9 billion in 2023.
During 2024–2030, the growth rate of the semiconductor chemical vapor deposition equipment market will be around 5.8%.
Integrated device manufacturer is the largest application area in the semiconductor chemical vapor deposition equipment market.
The major drivers of the semiconductor chemical vapor deposition equipment market include the rising demand for microelectronic devices, the growing semiconductor industry, the increasing R&D spending in the field of electronics, and strict regulations regarding the usage of Cr6 for electroplating.
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