Global semiconductor equipment market size grows 7.7% to $53.2 billion 2017

According SEMI, for global semiconductor equipment market , 7.7% growth is expected, resulting in another record-breaking year ─ totaling $53.2 billion . Wafer processing equipment is anticipated to increase 21.7% in 2017 to total $39.8 billion.

The other front-end segment, which consists of fab facilities equipment, wafer manufacturing, and mask/reticle equipment, will increase 25.6% to total $2.3 billion. The assembly and packaging equipment segment is projected to grow by 12.8% to $3.4 billion in 2017. Semiconductor test equipment is forecast to increase by 6.4% to a total of $3.9 billion this year.

In 2017, South Korea will be the largest equipment market for the first time. After maintaining the top spot for five years, Taiwan will place second, while China will come in third. All regions tracked will experience growth, with the exception of Rest of World (primarily Southeast Asia). South Korea will lead in growth with 68.7%, followed by Europe at 58.6%, and North America at 16.3%.

SEMI forecasts that in 2018, equipment sales in China will climb the most, 61.4%, to a total of $11.0 billion, following 5.9% growth in 2017. In 2018, South Korea, Taiwan, and China are forecast to remain the top three markets, with South Korea maintaining the top spot to total $13.4 billion. China is forecasted to become the second largest market at $11.0 billion, while equipment sales to Taiwan are expected to reach $10.9 billion.