April 9, 2025. worldwide semiconductor manufacturing equipment sales increased 10% from $106.3 billion in 2023 to $117.1 billion in 2024, SEMI, the industry association representing the global electronics design and manufacturing supply chain, reported today. The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report.
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In 2024, the global front-end semiconductor equipment market witnessed remarkable growth, with wafer processing equipment sales increasing by 9% and other front-end segments by 5%. This growth was primarily driven by increased investment in capacity expansion for both advanced technology and mature logic, advanced packaging and high-speed memory (HBM), as well as a significant increase in investment from China.
The back-end equipment segment saw a robust recovery in 2024 after two consecutive years of decline, driven by the increasing complexity and demands of AI and HBM manufacturing. Sales of assembly and packaging equipment increased 25%, while test equipment billings rose 20% year-over-year, reflecting the industry’s push to support advanced technologies.
“The global semiconductor equipment market grew 10% in 2024, rebounding from a slight decline in 2023 and reaching an all-time high of $117 billion in annual revenue,” said Ajit Manocha, president and CEO of SEMI. “Industry spending on chip manufacturing equipment in 2024 reflects a dynamic landscape characterized by regional investment trends, technological advances in logic and memory, and rising demand for chips related to AI-driven applications.”
Regionally, China, Korea and Taiwan remained the top three markets for semiconductor equipment investment, together accounting for 74% of the global market. China consolidated its position as the largest market for semiconductor equipment, with investment increasing by 35% year-on-year to USD 49.6 billion, driven by aggressive capacity expansion and government-sponsored initiatives to boost domestic chip production. In Korea, the second largest market, spending on equipment increased slightly by 3% to USD 20.5 billion as memory markets stabilized and demand for high bandwidth memory increased. In contrast, Taiwan recorded a 16% decline in equipment sales to USD 16.6 billion, due to lower demand for new capacity.
In North America, however, investment in semiconductor equipment increased by 14% to USD 13.7 billion, driven by an increased focus on domestic manufacturing and advanced technology nodes. In the rest of the world, there was an increase of 15% to USD 4.2 billion, supported by rising chip production in emerging markets. However, Europe saw a significant decline in equipment spending of 25% to USD 4.9 billion, due to weaker demand in the automotive and industrial sectors as a result of economic challenges. Japan also saw a slight decline of 1% to $7.8 billion as the region struggled with slower growth in key end markets.
The WWSEMS report, based on data from members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), is a summary of monthly invoice figures for the global semiconductor equipment industry.
The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports:
For more information about the report or to sign up, please contact the SEMI Market Intelligence team at mktstats@semi.org. Further information can also be found on the SEMI Market Data website.
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide in the semiconductor and electronics design and manufacturing supply chain. We accelerate our members’ collaboration in finding solutions to the industry’s biggest challenges through advocacy, workforce development, sustainability, supply chain management and other programs. Our SEMICON® exhibitions and events, technology communities, standards and market intelligence help drive our members’ business growth and innovation in design, devices, equipment, materials, services and software, enabling smarter, faster and safer electronics.
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Graphic: SEMI
