The global semiconductor chemical vapor deposition equipment market is projected to generate $23.6 billion revenue by 2030, advancing at a CAGR of 5.8% during 2024–2030. This can be attributed to the rising demand for microelectronic devices, the growing semiconductor industry, and the increasing R&D spending in the field of electronics. Moreover, strict regulations regarding the usage of Cr6 for electroplating drive the market growth.
Based on the application, the market is categorized into foundry, integrated device manufacturer, and memory manufacturer. Among these, the integrated device manufacturer category accounted for the largest revenue share, of over 50.0%, in 2023, and it is also expected to dominate the market during the forecast period. This is ascribed to the increasing demand for integrated circuits (ICs), optoelectronics, discrete components, sensors, and other integrated devices in several end-use industries.
Moreover, the rising demand for semiconductor ICs or microchips across the globe is projected to expand the manufacturing capabilities of semiconductor device manufacturers, which further fuels the semiconductor CVD equipment market growth in this category.
Geographically, the APAC market will register the fastest growth during the forecast period. This can be due to the surging demand for semiconductors in the growing end-use industries, and the presence of huge manufacturing bases for developing consumer electronic goods and semiconductor-based products. Moreover, China generates the majority of revenue in the regional market and is further expected to dominate the market in the coming years.
In addition, the European market is expected to witness significant growth during the forecast period. The high R&D spending in the field of semiconductors, the high usage of semiconductors in the automotive and electronics sectors and other end-use industries, and an increase in the number of local manufacturers of semiconductors in the region are some of the key factors contributing to the regional market growth. Moreover, Germany is one of the major revenue contributors to the European market, owing to the presence of skilled labor, high R&D, and high investment by market giants and the government in the country to establish production facilities for semiconductors.
Product launches, facility expansions, collaborations, partnerships, and acquisitions are the major strategic developments that have been adopted by players in the semiconductor CVD equipment market. For instance, in September 2021, Lam Research Corporation announced the expansion of its manufacturing facility with the acquisition of a 45,000-square-foot area for semiconductor equipment in Oregon, the U.S.
Similarly, in January 2021, ULVAC Inc. launched a new product named uGmni Series Custer System, by combining deposition and etch modules, which enables to equip a variety of different process modules including sputter, etch, CVD, and others, on the same transfer core.
Some of the major players operating in the semiconductor chemical vapor deposition equipment market are GE HealthCare Technologies Inc., Siemens AG, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, FUJIFILM Holdings Corporation, Hitachi Ltd., Agfa-Gevaert N.V., Agiliti Health Inc., and Canon Inc.