Top 10 Semiconductor Equipment Manufacturers in the World in Terms of Market Size in 2024

IC Research statistics show that in 2024, the total revenue of the top 10 semiconductor equipment vendors in the world will exceed US$110 billion, an increase of about 10% year-on-year. The top 10 global semiconductor equipment vendors in 2024 will be the same as the top 10 equipment vendors in 2023, and the top five rankings will remain unchanged. In 2024, the top five giants will have a total revenue of nearly US$90 billion, accounting for 85% of the total revenue of the top 10. 

Dutch lithography giant ASML topped the list with a revenue of more than US$30 billion, becoming the world's largest lithography equipment vendor and the only EUV lithography equipment vendor that can provide advanced processes of 7 nanometers and below. 

With its comprehensive product line, Applied Materials (AMAT) ranked second with a revenue of about US$25 billion. Lam Research (LAM), Tokyo Electron (Tokyo Electron) and KLA (KLA) ranked third to fifth respectively. 

China North Huachuang has performed well, with semiconductor business revenue expected to grow by 39.4% in 2024, rising from eighth to sixth in the ranking, becoming the only Chinese semiconductor equipment manufacturer to enter the global top 10.