Fab equipment market to slowly recover before exploding in 2021

Fab equipment spending will slowly recover in 2020 after this year’s downturn, but it will really take off in 2021 to log a new record high topping 60 billion dollars, according to a Semi market analysis. After lagging again in 2022, 2023 will be another growth year for semiconductor equipment suppliers.

Most of the surges in fab equipment investment over the five-year outlook will be driven by memory (primarily NAND), foundry/logic and power. Korea will head the list of top-spending regions followed by Taiwan and China, though Europe/Mideast and Southeast Asia are also expected to show healthy increases between 2019 and 2023.