Market Monitor
Wafer Fab Equipment Market Monitor
By Yole Intelligence
Despite -12% quarter-on-quarter revenue drop in Q1 2024, the Wafer Fab Equipment 2024 calendar year revenue is expected to increase +1.3% year-on-year
YINTM24396
Table of Contents
Revisions Made in this Edition
Companies Cited in this Report
Monitor Scope
Executive Summary
Semiconductor Device Market, CapEx, and WFE
Wafer Fab Equipment Market by Process Technology
- Market Dynamics and Market Shares
- Deposition Equipment
- Etching and Cleaning Equipment
- Patterning Equipment
- Metrology and Inspection Equipment
- Other Market Segments
Wafer Fab Equipment Market by Device Application
- Market Dynamics and Market Shares
- Memory
- Logic
- Specialty/More-than-Moore
- Special focus on SiC
- Advanced Packaging
M&A, Capacity Expansions and News
Equipment Vendors and Market Shares
- Overall WFE Market
- 2022 Equipment Manufacturing Locations
- Shipment destinations
- Regional Breakdown
- Focus on China
Appendix: Definitions
Related products
About Yole Group
Q1 2024 WFE revenue declined -12% QoQ,. Now, a gradual increase is expected every subsequent quarter of 2024
The 2024 Wafer Fab Equipment revenue remains at +1.3% year-on-year (YoY), reaching $108.1B, a stable number before 2025 surge. The 2024 WFE revenue is maintained high due to continued strong investment in the legacy nodes while DRAM, NAND and advanced logic as well as their packaging investment accelerates. Among all WFE shipment destinations, Greater China domestic and foreign investments maintain WFE market size at elevated levels. The 2024 year did not start well for equipment vendor as the overall Q1 2024 WFE revenue declined -12% quarter-on-quarter (QoQ) to $25.2B. However, an increased WFE billing is expected in the second half of the 2024 calendar year with Q2 2024 at $25.3B, +1% QoQ, Q3 2024 at $27.7B, +9% QoQ, and Q4 2024 at $29.9B,+8% QoQ.
In terms of WFE technologies, patterning segment maintains a stable 29% market share and is followed by deposition and etch WFE segments among others. Considering now equipment leaders. In 2023, ASML became WFE market leader which should be upheld in 2024. Applied Materials becomes hence 2nd leader for two consecutive years with revenue expected flat in 2024. Next, Lam Research and Tokyo Electron Limited, were strongly affected in 2023, while 2024 revenue is expected positive for both companies. Following, a positive 2024 revenue is expected for KLA, SCREEN, ASM International, KOKUSAI Electric and Canon, while DAIFUKU might see a moderate decline.
Wafer Fab Equipment dynamics with market shares, equipment technologies, and devices
The Semiconductor Wafer Fab Equipment Market Monitor tracks the market for equipment used for wafer-level semiconductor device processing on a quarterly basis. This equipment is the backbone of all semiconductor ecosystems and enablers of subsequent chip technology advancements and social digitization.
The monitor tracks the wafer fab equipment vendor revenues in relation to semiconductor chipmaker revenue and CapEx. It tracks the evolution of wafer fab equipment revenues and market shares over 2016-2023, the current quarterly data until 2026, and provides insight into the 2024-2029 revenue forecast. Furthermore, the monitor provides the wafer fab equipment revenue broken down into equipment shipment revenue and service and support revenue. Equipment shipment revenue is further broken down by device application, process technologies, wafer size and region (equipment assembly, regional headquarters revenue, and shipment destinations).
ACCRETECH, ACM Research, Adaptive Plasma Technology, Aixtron, AMEC, Amerimade, Amtech Systems, AP&S, Applied Materials, APS, ASM, ASM Pacific, ASML, ATOTECH, Auros Technology, Axcelis, BeneQ, Brooks Automation, Bruker, Camtek, Canon, Canon ANELVA, centrotherm, ClassOne, Confovis, CSD Epitaxy, Cyber Technologies, Daifuku, Dan Science, DISCO, EBARA, EEJA, Epiluvac, Eugene Technology, EUV Tech, EV Group, Evatec, Fabmatics, FormFactor, Frontier Semiconductor, Gigalane, Global Zeus, GMC Semitech, GPT, GRISH, Gudeng Precision, Heidelberg, Hermes-Epitek, Hitachi High-Tech, Holon, HORIBA, Hwatsing,IMS Nanofabrication, Infinitesima, Intekplus, Intevac, Ion Beam Services, Jeol, Jingsheng Electromechanical, JST Manufacturing, JSXM, Jusung, KBTEM, KCTech, KDF, Keithley Instruments, Keysight Kinetics, KINGSEMI, KLA, Kokusai, Lam Research, Lasertec, Leading Precision, Leadmicro, Linco, LOGITECH Limited, LPE, Mattson Technology, MKS, Muetec, Muratec, Mycronic, n&k Technology, Nanotronics, NAURA, Nearfield Instruments, Neutronix Quintel, Nextin Solutions, Nikon, Nissin Ion, Nova, NuFlare, Okamoto, Olympus, Onto Innovation, Optorun, Oxford Instruments, PacTech, Panasonic, Park Systems, Picosun, Piotech, Plasma-Therm, PNC Systems, PSK, PVA TePla, Raintree, RECIF, RENA, Revasum, Riber, Rigaku, Rite Track, Rorze, SAMCO, SCREEN, Semes, SEMSYSCO, SHELLBACK, SHI, Shibaura, Shimadzu, Snhincron, Siconnex, Singulus, Skytech, Skyverse, SMEE, SUSS MicroTec, Taiyo Nippon Sanso, TAZMO, Techic, TES Co, Thermco Systems, Thermo Fisher, TKC, Tokyo Electron Toray, Toyoko Kagaku, Trion Technology, Trio-Tech, Trymax, Tystar, ULVAC, Unity SC, Ushio, UVAT, Veeco, Vistec, Wonik IPS, Yield Engineering, ZEISS, SEMILAB and more.
Discover our video product for Q2 2024:
Key Features
Annual and quarterly for 2016-2023 historical and 2024-2029 forecast market analysis of WFE-wafer fab equipment (USDM, system/chamber units, installed base, market share) and service and support with a market breakdown to:
- WFE process technologies: thinning and CMP, deposition, etch and clean, patterning, metrology and inspection, ion implantation and wafer bonding.
- WFE device: memory, logic, specialty, advanced packaging and bare wafer manufacturing.
- WFE regions : headquarters, shipment destination and assembly locations
- WFE wafer size
- WFE market relation to semiconductor device revenue and CapEx.
What’s new?
This edition is enriched with WFE breakdown to wafer size, shipment destination as well as HTCVD and mask writer segment breakdown to subsegments.
Product objectives
- Provide historical data, current fast changing quarterly data, market metrics and forecasts for semiconductor wafer fab equipment vendor revenue from equipment shipments as well as revenue generated from service and support.
- Update data quarterly with detailed semiconductor wafer fab equipment market analysis for device applications, process technology and regions.
- Provide historical market shares for semiconductor wafer fab equipment vendors with a breakdown to device application, process technology and region levels.
- We account more than 170 vendors (including acquired and merged) with a detailed breakdown of their revenues by process technology.
- Analyze current semiconductor wafer fab equipment market state in terms of semiconductor chip revenue, capital expenditure (CapEx), macroeconomics and geopolitics.
- Considering the above, to forecast near and long-term wafer fab equipment revenue evolution.