According to the latest data provided by SEMI, in the third quarter of 2023, global semiconductor equipment sales contracted by 11% year-on-year to $25.6 billion, compared with a 1% quarter-on-quarter decline in the third quarter of 2023. Ajit Manocha, President and Chief Executive Officer of SEMI, said, "The decline in equipment sales in the third quarter of 2023 was due to weak demand for chips. However, China has shown strong demand and spending power for mature node technologies, indicating the industry's resilience and long-term growth potential. ”
It is worth mentioning that global semiconductor equipment sales in the second quarter of 2023 fell 2% year-on-year to $25.8 billion, compared with a 4% year-on-year decline in the quarter. Ajit Manocha, President and CEO of SEMI, said at the time, "While macroeconomic uncertainty continues to be high in the first half of 2023, overall demand for capital equipment remains strong. During the reporting period, some semiconductor segments were cautious about capital equipment investment, although the impact varied by region. ”
2023 is not satisfactory, and 2024 is a strong recovery
In July, SEMI released its sales expectations for global semiconductor equipment this year and semiconductor equipment for next year. After setting an industry record of $107.4 billion in 2022, total global semiconductor manufacturing equipment sales by OEMs are expected to increase from $18.1 billion next year, SEMI said6% of expected contractions** to $87.4 billion in 2023. The recovery is expected to reach $100 billion in 2024, which will be driven by both the front-end and back-end segments. "Despite the current headwinds, the semiconductor equipment market is expected to be strong in 2024 after adjusting in 2023 after a historic multi-year run," said Ajit Manocha, President and CEO of SEMI. The strong long-term growth** driven by high-performance computing and ubiquitous connectivity remains unchanged. "Semiconductor equipment sales by segment, fab equipment sales (including wafer processing, fab facilities, and mask equipment) are expected to decline by 188% to $76.4 billion, surpassing SEMI's 16 at the end of 2022**8% decrease. By 2024, the fab equipment segment is expected to account for the majority of the recovery, reaching $100 billion, with sales reaching $87.8 billion, an increase of 14.8%。The decline in sales in the back-end equipment segment in 2022 is expected to continue in 2023 due to challenging macroeconomic conditions and weak semiconductor demand. By 2023, semiconductor test equipment market sales are expected to shrink by 15% to $6.4 billion, while assembly and packaging equipment sales are expected to decline by 20.0%.5% to $4.6 billion. However, the test equipment and assembly and packaging equipment segment is expected to grow by 79% and 164%。Semiconductor equipment sales by application, with foundry and logic equipment sales, which account for more than half of total fab equipment revenue, are expected to decline 6% year-over-year to $50.1 billion in 2023, reflecting weaker end-market conditions. Demand for leading foundries and logic is expected to remain stable in 2023, but the slight weakness is offset by an increase in mature node spending. Investment in Dycomer and Logic is expected to grow by 3% in 2024. DRAM device sales are expected to decline 28% to $8.8 billion in 2023 but 31% to $11.6 billion in 2024 due to continued weak consumer and business demand for memory and storage. NAND device sales are expected to decline 51% to $8.4 billion in 2023 and surge 59% to $13.3 billion in 2024. Semiconductor equipment sales by region, Chinese mainland, Taiwan, and South Korea are expected to continue to be the top three destinations for equipment spending in 2023 and 2024. Taiwan is expected to regain its lead in 2023, while Chinese mainland is expected to return to the top spot in 2024. Equipment spending is tracked in most regions and is expected to decline in 2023 before returning to growth in 2024. The following results reflect the market size (in USD billion) by segment and application:
Source |Semiconductor Industry Watch (ID: ICBANK) is synthesized from SEMI
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