Japan Semiconductor Manufacturing Equipment Market Size 2025-2030
The Japan Semiconductor Manufacturing Equipment Market size was valued at around USD 11.81 billion in 2024 and is projected to reach USD 19.40 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.63% during the forecast period, i.e., 2025-30.
What are the key market drivers leading to the rise in the adoption of Japan Semiconductor Manufacturing Equipment Market?
Increasing Adoption of EVs & Hybrid Vehicles Drives Market Growth – The automobile industry in Japan has surged recently, due to the increasing inclination towards greener products, stringent government regulations, reduced road tax and tolls for EVs, subsidies & incentives on the purchase of electric vehicles, etc. The Japanese government is encouraging the adoption of electric vehicles in Japan by offering nearly USD5,700 on Battery EV (BEV), USD3,852.75 on Plug-in Hybrid EV (PHEV), and USD17,867.85 on Fused Cell Vehicles (FCV) subsidies on the purchase of automobile under Clean Energy Vehicle Subsidy Program, in 2024, as per the Ministry of Economy, Trade and Industry (METI).