LONDON — The market for chip manufacturing equipment is going to be worth $36.29 billion in 2013, down 1.7 percent from 2012, but will bounce 21 percent in 2014 to reach $43.98 billion, according to industry body SEMI.
This puts SEMI's forecasts close to those from market research firm Gartner -- provided in June -- which had the capital equipment market falling 5.5 percent to $35.8 billion in 2013 and rising 19 percent in 2014 to $42.6 billion.
The market for front-end wafer processing equipment is set to grow even faster than other sectors in 2014, jumping 24 percent to $35.59 billion, up from $28.70 billion in 2013, SEMI forecasts. The assembly and packaging equipment sector will grow 14 percent to $2.9 billion in 2014 while test equipment grows 6 percent to $3.18 billion.
By geography the tyranny of large numbers means that some of the largest regional markets exhibit some of the lowest annual growth and vice versa. Taiwan will be the top spender on chip manufacturing equipment at $10.62 billion in 2014, followed by North America and South Korea at $8.75 billion apiece. Both China and Europe are expected to nearly double their spending in 2014 compared with 2013.