ハイブリッドボンディング市場規模、シェア、動向、2032年までの世界予測

Hybrid Bonding Market - Global Forecast To 2032

Hybrid Bonding Market by Wafer-to-Wafer (W2W), Die-to-Wafer (D2W), Die-to-Die (D2D), Wafer Bonder, Surface Prep Tool, Inspection & Metrology Tool, Cleaning & CMP System, 2.5D Packaging, and 3D Stacked IC - Global Forecast to 2032

商品番号 : SMB-91593

出版社MarketsandMarkets
出版年月2025年12月
ページ数286
図表数316
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

ハイブリッドボンディング市場 – ウェーハ・ツー・ウェーハ(W2W)、ダイ・ツー・ウェーハ(D2W)、ダイ・ツー・ダイ(D2D)、ウェーハボンダー、表面処理ツール、検査・計測ツール、洗浄・CMPシステム、2.5Dパッケージング、3DスタックIC – 2032年までの世界予測

世界のハイブリッドボンディング市場は、2025年には1億6,470万米ドル、2032年には6億3,390万米ドルに達し、2025年から2032年にかけて21.2%のCAGR(年平均成長率)を記録すると予測されています。半導体メーカーがスケーリングの限界を克服し、より広い帯域幅、より低いレイテンシ、そしてより良い電力効率を実現するために3Dインテグレーションに移行するにつれ、ハイブリッドボンディングの世界的な採用は加速しています。AI、HPC、そして高度なロジックデバイスにおけるチップレットベースのアーキテクチャの台頭により、ハイブリッドボンディングによって実現される超微細ピッチ相互接続の必要性がさらに高まっています。大手ファウンドリやIDMによる高度なパッケージング能力への継続的な投資と、小型で高性能な電子機器に対する需要の高まりが相まって、世界中で市場の勢いがさらに強まっています。

調査対象範囲:

本調査レポートでは、ハイブリッドボンディング市場を、パッケージングアーキテクチャ(ウェーハ・ツー・ウェーハ(W2W)、ダイ・ツー・ウェーハ(D2W)、ダイ・ツー・ダイ(D2D))、プロセスフロー(フロントエンドおよびバックエンド)、装置タイプ(ウェーハボンダー、洗浄・CMPシステム、表面処理ツール、検査・計測ツール)、ボンディングタイプ(銅・銅(Cu-Cu)、銅・パッド/金属・パッド、その他のボンディングタイプ)、集積レベル(ハイブリッドボンディングによる2.5Dパッケージング、3DスタックIC、ヘテロジニアスインテグレーション)、アプリケーション(コンピューティング&ロジック、メモリ&ストレージ、センシング&インターフェース、コネクティビティ&コミュニケーション、その他のアプリケーション)、垂直市場(IT&テレコミュニケーション、コンシューマーエレクトロニクス、自動車、航空宇宙&防衛、ヘルスケア&医療、産業オートメーション、その他の垂直市場)、および地域(北米、欧州、アジア太平洋、その他の地域)に基づいて分類しています。このレポートでは、ハイブリッドボンディング市場に関連する主要な推進要因、制約、課題、機会について説明し、2030年までの予測を示します。これに加えて、このレポートには、ハイブリッドボンディングエコシステムに含まれるすべての企業のリーダーシップマッピングと分析も含まれています。

レポート購入の主なメリット

本レポートは、ハイブリッドボンディング市場全体および各サブセグメントの収益数値の近似値に関する情報を提供することで、市場リーダー企業および新規参入企業を支援します。本レポートは、関係者が競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。また、市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供することで、関係者のビジネスの成長を支援します。

本レポートでは、以下の点について洞察を提供しています。

ハイブリッドボンディング市場の成長に影響を与える主要な推進要因(AI、HPC、ロジックメモリシステムにおける高帯域幅・低レイテンシのインターコネクト需要の高まり、200層超の3Dメモリへの電力供給における先進的なハイブリッドボンディングへの依存度の高まり、レチクルの限界を克服しシステム消費電力を削減するためのチップレットベースのアーキテクチャへの移行、脆弱な材料、先進的なBEOLスタック、次世代デバイスをサポートするための低温ボンディングのニーズの高まり)、制約要因(多額の先​​行投資と厳格な環境および表面品質要件)、機会(AI/MLアクセラレータにおける超高密度ロジック-メモリ接続の需要の高まり、SNRとピクセル密度を向上させるためのCISおよびAR/VRセンサーにおけるハイブリッドボンディングの導入)、および課題(ウェーハ全体にわたる超低欠陥率の維持における課題、ダイフォーマット、パッド構造、表面前処理フローの標準化の欠如)の分析

  • 製品開発/イノベーション:ハイブリッドボンディング市場における今後の技術、研究開発活動、新製品投入に関する詳細な洞察
  • 市場開発:有望な市場に関する包括的な情報(本レポートでは、様々な地域におけるハイブリッドボンディング市場を分析しています)
  • 市場多様化:ハイブリッドボンディング市場における新製品、未開拓地域、最近の開発状況、投資に関する網羅的な情報
  • 競合評価:ハイブリッドボンディング市場における主要企業(EV Group (EVG) (オーストリア)、Applied Materials, Inc. (米国)、SUSS MicroTec SE (ドイツ)、Besi (オランダ)、Kulicke & Soffa Industries, Inc. (シンガポール)、東京エレクトロン(TEL) (日本)、ASMPT (シンガポール)、Lam Research Corporation (米国)、芝浦メカトロニクス株式会社 (日本))の市場シェア、成長戦略、製品ラインナップに関する詳細な評価

Report Description

The global hybrid bonding market is expected to reach USD 164.7 million in 2025 and USD 633.9 million by 2032, recording a CAGR of 21.2% from 2025 to 2032. Global hybrid bonding adoption is accelerating as semiconductor manufacturers transition to 3D integration to overcome scaling limitations and achieve higher bandwidth, lower latency, and improved power efficiency. The rise of chiplet-based architectures in AI, HPC, and advanced logic devices further strengthens the need for ultra-fine-pitch interconnects that hybrid bonding enables. Continued investments in advanced packaging capacity by leading foundries and IDMs, combined with increasing requirements for compact, high-performance electronics, are reinforcing strong market momentum worldwide.

ハイブリッドボンディング市場規模、シェア、動向、2032年までの世界予測
Hybrid Bonding Market – Global Forecast To 2032

“Wafer-to-wafer (W2W) segment accounted for the largest market share in 2024.”

The wafer-to-wafer (W2W) segment held the largest share of the hybrid bonding market in 2024 as it provides the highest level of process uniformity, alignment accuracy, and throughput, making it ideal for large-scale production environments. Major memory manufacturers and foundries rely heavily on W2W processes for 3D NAND, DRAM stacking, and CIS manufacturing, where consistent wafer-level bonding is essential to achieving high yields. Its capability to support extremely fine-pitch interconnects across full wafers also reduces overall manufacturing complexity compared to die-level approaches. As leading semiconductor fabs continue expanding 3D integration capacity, W2W remains the foundation of most high-volume hybrid bonding deployments.

ハイブリッドボンディング市場規模、シェア、動向、2032年までの世界予測 - by packaging architecture
Hybrid Bonding Market – Global Forecast To 2032 – by packaging architecture

“Computing & logic segment is projected to witness the highest CAGR in the hybrid bonding market from 2025 to 2032.”

Computing & logic applications are expected to grow the fastest during the forecast period due to the demand for high-performance AI accelerators, HPC processors, data-center workloads, and advanced edge computing systems. Hybrid bonding enables the ultra-dense vertical interconnects these devices require to achieve higher bandwidth, improved energy efficiency, and tighter logic-to-memory integration. The rapid industry shift toward chiplet-based designs further boosts adoption, as hybrid bonding helps overcome reticle-size limits and enhances scalability. With continuous investments in next-generation logic architectures and multi-die packaging, the computing and logic segment is positioned for the strongest growth trajectory.

ハイブリッドボンディング市場規模、シェア、動向、2032年までの世界予測 - 地域
Hybrid Bonding Market – Global Forecast To 2032 – region

“India is expected to record the highest CAGR in the Asia Pacific hybrid bonding market from 2025 to 2032.”

India is expected to exhibit the highest CAGR in Asia Pacific during the forecast period due to its rapid expansion of semiconductor manufacturing and advanced packaging initiatives supported by strong government incentives and policy frameworks. Large-scale investments under national semiconductor missions accelerate the development of new fabs, OSAT facilities, and research centers focused on 3D integration and hybrid bonding–related capabilities. The country also witnesses the rising demand for high-performance electronics across telecom, automotive, and data-center sectors, which drives the need for advanced packaging technologies. Combined with increasing collaboration with global equipment suppliers and technology partners, the country is positioned for the fastest growth in hybrid bonding adoption in the region.

Extensive primary interviews were conducted with key industry experts in the hybrid bonding market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The breakdown of primary participants for the report is shown below:

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-level Executives – 40%, Managers – 30%, and Others – 30%
  • By Region: North America – 40%, Europe – 30%, Asia Pacific – 20%, and RoW – 10%
ハイブリッドボンディング市場規模、シェア、動向、2032年までの世界予測 - 対象企業
Hybrid Bonding Market – Global Forecast To 2032 – ecosystem

Daifuku Co., Ltd. (Japan), MURATA MACHINERY, LTD. (Japan), Exyte Group (Germany), DuPont (US), and Thermo Fisher Scientific Inc. (US) are some key players in the hybrid bonding market.

Research Coverage:

This research report categorizes the hybrid bonding market based on Packaging Architecture [Wafer-to-Wafer (W2W), Die-to-Wafer (D2W), and Die-to-Die (D2D)], Process Flow (Front-end and Back-end), Equipment Type (Wafer Bonders, Cleaning & CMP Systems, Surface Prep Tools, and Inspection & Metrology Tools), Bonding Type [Copper-to-copper (Cu-Cu), Copper-to-pad/metal-to-pad, and Other Bonding Types], Integration Level (2.5D Packaging with Hybrid Bonding, 3D Stacked ICs, and Heterogeneous Integration), Application (Computing & Logic, Memory & Storage, Sensing & Interface, Connectivity & Communications, and Other Applications) Vertical (IT & Telecommunications, Consumer Electronics, Automotive, Aerospace & Defense, Healthcare & Medical, Industrial Automation, and Other Verticals), and Region (North America, Europe, Asia Pacific, and RoW). The report describes the major drivers, restraints, challenges, and opportunities pertaining to the hybrid bonding market and forecasts the same till 2030. Apart from this, the report also consists of leadership mapping and analysis of all the companies included in the hybrid bonding ecosystem.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market by providing information on the closest approximations of the revenue numbers for the overall hybrid bonding market and the subsegments. This report will help stakeholders to understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

  • Analysis of key drivers (Rising demand for high-bandwidth, low-latency interconnects in AI, HPC, and logic-memory systems, Increasing reliance on advanced hybrid bonding to power >200-layer 3D memory, Shift toward chiplet-based architectures to overcome reticle limits and reduce system power, Growing need for low-temperature bonding to support fragile materials, advanced BEOL stacks, and next-gen devices), restraints (Substantial upfront capital investment and Stringent environment and surface quality requirements), opportunities (Rising need for ultra-dense logic-to-memory connectivity in AI/ML accelerators and Deployment of hybrid bonding in CIS and AR/VR sensors to improve SNR and pixel density), and challenges (Issues in maintaining ultra-low defectivity across wafers and Lack of standardization in die formats, pad structures, and surface pre-treatment flows) influencing the growth of the hybrid bonding market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hybrid bonding market
  • Market Development: Comprehensive information about lucrative markets–the report analyzes the hybrid bonding market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hybrid bonding market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players, including EV Group (EVG) (Austria), Applied Materials, Inc. (US), SUSS MicroTec SE (Germany), Besi (Netherlands), Kulicke & Soffa Industries, Inc. (Singapore), Tokyo Electron (TEL) (Japan), ASMPT (Singapore), Lam Research Corporation (US), and SHIBAURA MECHATRONICS CORPORATION (Japan), in the hybrid bonding market

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKET SEGMENTATION AND REGIONAL SCOPE                 28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      29

1.4           CURRENCY CONSIDERED            30

1.5           UNIT CONSIDERED        30

1.6           LIMITATIONS    30

1.7           STAKEHOLDERS               30

2               EXECUTIVE SUMMARY  31

2.1           MARKET HIGHLIGHTS AND KEY INSIGHTS          31

2.2           KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS              33

2.3           DISRUPTIVE TRENDS IN HYBRID BONDING MARKET                 33

2.4           HIGH-GROWTH SEGMENTS        34

2.5           REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST                35

3               PREMIUM INSIGHTS       36

3.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID BONDING MARKET        36

3.2           HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE                36

3.3           HYBRID BONDING MARKET, BY PROCESS FLOW                 37

3.4           HYBRID BONDING MARKET, BY APPLICATION  37

3.5           HYBRID BONDING MARKET, BY VERTICAL           38

3.6           HYBRID BONDING MARKET, BY REGION               38

4               MARKET OVERVIEW       39

4.1           INTRODUCTION              39

4.2           MARKET DYNAMICS       39

4.2.1        DRIVERS               40

4.2.1.1    Rising demand for high-bandwidth, low-latency interconnects in AI, HPC, and logic-memory systems 40

4.2.1.2    Increasing reliance on advanced hybrid bonding to power >200-layer 3D memory  40

4.2.1.3    Shift toward chiplet-based architectures to overcome reticle limits and reduce system power         41

4.2.1.4    Growing need for low-temperature bonding to support fragile materials, advanced BEOL stacks, and next-gen devices               42

4.2.2        RESTRAINTS      44

4.2.2.1    Substantial upfront capital investment              44

4.2.2.2    Stringent environment and surface quality requirements                 44

4.2.3        OPPORTUNITIES              45

4.2.3.1    Rising need for ultra-dense logic-to-memory connectivity in AI/ML accelerators              45

4.2.3.2    Deployment of hybrid bonding in CIS and AR/VR sensors to improve SNR and pixel density          45

4.2.4        CHALLENGES    46

4.2.4.1    Issues in maintaining ultra-low defectivity across wafers                 46

4.2.4.2    Lack of standardization in die formats, pad structures, and surface pre-treatment flows                47

4.3           UNMET NEEDS AND WHITE SPACES       48

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              49

4.5           STRATEGIC MOVES BY TIER-1/2/3 PLAYERS        50

5               INDUSTRY TRENDS         51

5.1           PORTER’S FIVE FORCES ANALYSIS           51

5.1.1        INTENSITY OF COMPETITIVE RIVALRY 52

5.1.2        BARGAINING POWER OF SUPPLIERS       52

5.1.3        BARGAINING POWER OF BUYERS             52

5.1.4        THREAT OF SUBSTITUTES          52

5.1.5        THREAT OF NEW ENTRANTS      52

5.2           MACROECONOMIC OUTLOOK  53

5.2.1        INTRODUCTION              53

5.2.2        GDP TRENDS AND FORECAST   53

5.2.3        TRENDS IN GLOBAL SEMICONDUCTOR MANUFACTURING EQUIPMENT INDUSTRY         53

5.2.4        TRENDS IN GLOBAL SEMICONDUCTOR INSPECTION AND METROLOGY INDUSTRY    54

5.3           SUPPLY CHAIN ANALYSIS             54

5.4           ECOSYSTEM ANALYSIS  57

5.5           PRICING ANALYSIS          58

5.5.1        AVERAGE SELLING PRICE OF WAFER BONDERS, BY KEY PLAYER, 2024      58

5.5.2        AVERAGE SELLING PRICE OF WAFER BONDERS, BY REGION, 2024     59

5.6           TRADE ANALYSIS             59

5.6.1        IMPORT SCENARIO (HS CODE 848620)    60

5.6.2        EXPORT SCENARIO (HS CODE 848620)    61

5.7           KEY CONFERENCES AND EVENTS, 2025–2026        62

5.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            63

5.9           INVESTMENT AND FUNDING SCENARIO               63

5.10         CASE STUDY ANALYSIS 64

5.10.1      IMEC PARTNERS WITH EV GROUP TO DEVELOP ADVANCED PROCESS FLOWS TO ACHIEVE FINE-PITCH INTERCONNECTS            64

5.10.2      SUSS MICROTEC INTRODUCES XBC300 GEN2 TO ENABLE WAFER-TO-WAFER AND DIE-TO-WAFER BONDING IN INNOVATION CENTERS AND SEMICONDUCTOR PILOT LINES                 65

5.10.3      APPLIED MATERIALS AND BESI DELIVER INTEGRATED D2W HYBRID BONDING TO SUPPORT HIGH-VOLUME MANUFACTURING          65

5.11         IMPACT OF 2025 US TARIFF – HYBRID BONDING MARKET               65

5.11.1      INTRODUCTION              65

5.11.2      KEY TARIFF RATES          66

5.11.3      PRICE IMPACT ANALYSIS             66

5.11.4      IMPACT ON COUNTRIES/REGIONS         67

5.11.4.1  US           67

5.11.4.2  Europe   67

5.11.4.3  Asia Pacific            67

5.11.5      IMPACT ON VERTICALS                67

6               TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACTS, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 69

6.1           KEY EMERGING TECHNOLOGIES              69

6.1.1        SUB-MICRON AND DIRECT CU-TO-CU HYBRID BONDING            69

6.1.2        LOW-TEMPERATURE HYBRID BONDING (<200°C)                 69

6.2           COMPLEMENTARY TECHNOLOGIES       70

6.2.1        ADVANCED CMP              70

6.3           TECHNOLOGY/PRODUCT ROADMAP    70

6.4           PATENT ANALYSIS          72

6.5           IMPACT OF AI/GEN AI ON HYBRID BONDING MARKET                 75

6.5.1        TOP USE CASES AND MARKET POTENTIAL          75

6.5.2        BEST PRACTICES FOLLOWED BY OEMS IN HYBRID BONDING MARKET         76

6.5.3        CASE STUDIES RELATED TO AI IMPLEMENTATION IN HYBRID BONDING MARKET        76

6.5.4        INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS           76

6.5.5        CLIENTS’ READINESS TO ADOPT AI-INTEGRATED HYBRID BONDING SOLUTIONS 77

7               REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES       78

7.1           REGIONAL REGULATIONS AND COMPLIANCE   78

7.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             78

7.1.2        INDUSTRY STANDARDS                80

7.2           SUSTAINABILITY INITIATIVES   80

7.3           IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES   81

7.4           CERTIFICATIONS, LABELING, AND ECO-STANDARDS                 82

8               CUSTOMER LANDSCAPE AND BUYER BEHAVIOR                 84

8.1           DECISION-MAKING PROCESS     84

8.2           KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA       85

8.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           85

8.2.2        BUYING CRITERIA           86

8.3           ADOPTION BARRIERS AND INTERNAL CHALLENGES                 86

8.4           UNMET NEEDS OF VARIOUS VERTICALS               87

9               MATERIALS FOR HYBRID BONDING        89

9.1           INTRODUCTION              89

9.2           BONDING MATERIALS (OXIDE LAYERS, COPPER, AND METALLIZATION STACKS)           89

9.3           ADHESIVES AND TEMPORARY BONDING MATERIALS                 90

9.4           CLEANING AND SURFACE PREPARATION MATERIALS                 91

10            HYBRID BONDING MARKET, BY BONDING TYPE                 93

10.1         INTRODUCTION              94

10.2         COPPER-TO-COPPER (CU-CU)   95

10.2.1      DEMAND FOR HIGH-PERFORMANCE INTERCONNECTS AT FINE PITCHES TO DRIVE MARKET     95

10.3         COPPER-TO-PAD/METAL-TO-PAD          95

10.3.1      NEED FOR PROCESS FLEXIBILITY AND COMPATIBILITY WITH DIVERSE METALLIZATION SCHEMES TO FUEL SEGMENTAL GROWTH  95

10.4         OTHER BONDING TYPES              96

11            HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE                97

11.1         INTRODUCTION              98

11.2         WAFER-TO-WAFER (W2W)            99

11.2.1      HIGH THROUGHPUT, PITCH SCALABILITY, AND COST EFFICIENCY FOR HOMOGENEOUS HIGH-VOLUME STACKS TO SPUR DEMAND 99

11.3         DIE-TO-WAFER (D2W)   100

11.3.1      YIELD OPTIMIZATION AND HETEROGENEOUS COMPONENT INTEGRATION TO BOLSTER SEGMENTAL GROWTH             100

11.4         DIE-TO-DIE (D2D)           101

11.4.1      FOCUS ON MODULARITY, LATENCY REDUCTION, AND POWER EFFICIENCY OF COMPUTE ARCHITECTURES TO BOOST SEGMENTAL GROWTH  101

12            HYBRID BONDING MARKET, BY INTEGRATION LEVEL                 104

12.1         INTRODUCTION              105

12.2         2.5D PACKAGING              106

12.2.1      NEED FOR HIGH-BANDWIDTH INTERCONNECTS AND IMPROVED SIGNAL INTEGRITY IN LATERAL DIE CONFIGURATIONS TO DRIVE MARKET 106

12.3         3D STACKED ICS               106

12.3.1      RISING ADOPTION OF STACKED COMPUTE TILES IN HPC AND DATA CENTER PROCESSORS TO FOSTER SEGMENTAL GROWTH             106

12.4         HETEROGENEOUS INTEGRATION            107

12.4.1      SUPPORT FOR ADVANCED SURFACE ACTIVATION, HIGH-ACCURACY DIE PLACEMENT, WARPAGE CONTROL, AND LOW-TEMPERATURE BONDING TO SPUR DEMAND        107

13            HYBRID BONDING MARKET, BY PROCESS FLOW                 108

13.1         INTRODUCTION              109

13.2         BACK-END          110

13.2.1      FOCUS ON CREATING DENSE, LOW-LATENCY INTERCONNECTS AT PACKAGING LEVEL TO ACCELERATE SEGMENTAL GROWTH  110

13.3         FRONT-END       110

13.3.1      NEED FOR HIGH INTERCONNECT PERFORMANCE AND INTEGRATION PRECISION TO AUGMENT SEGMENTAL GROWTH             110

14            HYBRID BONDING MARKET, BY EQUIPMENT TYPE                 111

14.1         INTRODUCTION              112

14.2         WAFER BONDERS            113

14.2.1      NEED FOR SUB-MICRON ALIGNMENT, ULTRA-FLAT SURFACES, AND LOW-TEMPERATURE CU–CU DIFFUSION BONDING TO FUEL SEGMENTAL GROWTH         113

14.3         SURFACE PREPARATION TOOLS               114

14.3.1      ABILITY TO SUPPORT PLASMA ACTIVATION, ION-BEAM CLEANING, AND CHEMICAL SURFACE CONDITIONING TO CONTRIBUTE TO SEGMENTAL GROWTH              114

14.4         INSPECTION & METROLOGY TOOLS       114

14.4.1      SUB-MICRON OVERLAY MEASUREMENT, VOID DETECTION, AND POST-BOND VERIFICATION ATTRIBUTES TO FOSTER SEGMENTAL GROWTH 114

14.5         CLEANING & CMP SYSTEMS        115

14.5.1      ABILITY TO PROVIDE PLANARIZED COPPER/DIELECTRIC LAYERS AND CONTAMINANT-FREE SURFACES TO BOLSTER SEGMENTAL GROWTH                 115

15            HYBRID BONDING MARKET, BY APPLICATION  116

15.1         INTRODUCTION              117

15.2         COMPUTING & LOGIC   118

15.2.1      HIGH-PERFORMANCE COMPUTING (HPC) & AI ACCELERATORS                120

15.2.1.1  Requirement for massive bandwidth scaling, fine-grained parallelism, and data locality optimization to drive market            120

15.2.2      HETEROGENEOUS SOCS & CHIPLET INTEGRATION                 121

15.2.2.1  Extremely dense, short-reach links of chip architectures to contribute to segmental growth          121

15.3         MEMORY & STORAGE    122

15.3.1      HIGH-BANDWIDTH MEMORY (HBM)      123

15.3.1.1  Increasing demand for multi-terabit bandwidth between GPUs/AI accelerators and memory stacks to boost segmental growth                 123

15.3.2      3D NAND & STACKED DRAM       124

15.3.2.1  Rising need for ultra-large vertical stacking and reduced interconnect delay in dense memory arrays to drive market          124

15.4         SENSING & INTERFACE 125

15.4.1      CMOS IMAGE SENSORS (CIS)      127

15.4.1.1  Requirement for higher frame rates and lower latency to accelerate segmental growth               127

15.4.2      MICRO-LED DISPLAYS   128

15.4.2.1  Ability to support fine-pitch interconnects for mass transfer, reduced defect density, and high optical efficiency to spur demand                 128

15.4.3      MEMS & OTHER SENSORS            129

15.4.3.1  Requirement for low-profile, multi-functional sensing stacks to augment segmental growth 129

15.5         CONNECTIVITY & COMMUNICATIONS  130

15.5.1      RF FRONT-END MODULES (FEM)             132

15.5.1.1  Reliance on hybrid bonding to shorten RF signal paths and reduce insertion loss to contribute to segmental growth             132

15.5.2      PHOTONICS & OPTICAL INTERCONNECTS          133

15.5.2.1  Focus on reducing optical power requirements and improving signal fidelity to augment segmental growth    133

15.5.3      5G DEVICES        134

15.5.3.1  Support for compact integration of RF front-end modules, antenna arrays, and baseband processors at fine pitches to spur demand                 134

15.6         OTHER APPLICATIONS 135

16            HYBRID BONDING MARKET, BY VERTICAL           137

16.1         INTRODUCTION              138

16.2         IT & TELECOMMUNICATIONS   139

16.2.1      EXPANSION OF CLOUD-NATIVE INFRASTRUCTURE AND HYPERSCALE INFRASTRUCTURE TO DRIVE MARKET                 139

16.2.2      DATA CENTER  140

16.2.3      CLOUD COMPUTING     140

16.3         CONSUMER ELECTRONICS          141

16.3.1      PREFERENCE FOR COMPACT, POWER-EFFICIENT, AND FEATURE-DENSE DEVICES TO ACCELERATE SEGMENTAL GROWTH             141

16.3.2      SMARTPHONES 142

16.3.3      WEARABLES       142

16.4         AUTOMOTIVE   143

16.4.1      DEMAND FOR RELIABLE ELECTRONIC ARCHITECTURES TO SUPPORT AUTONOMOUS AND SOFTWARE-DEFINED VEHICLES TO FUEL SEGMENTAL GROWTH             143

16.4.2      ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS)                 143

16.4.3      INFOTAINMENT               144

16.5         AEROSPACE & DEFENSE                145

16.5.1      NEED FOR ROBUST, MINIATURIZED, AND HIGH-PERFORMANCE ELECTRONIC ARCHITECTURES TO BOLSTER SEGMENTAL GROWTH  145

16.6         HEALTHCARE & MEDICAL           146

16.6.1      FOCUS ON MINIATURIZATION, PRECISION, AND DATA THROUGHPUT TO AUGMENT SEGMENTAL GROWTH    146

16.7         INDUSTRIAL AUTOMATION       148

16.7.1      ADOPTION OF ADVANCED CONTROL SYSTEMS, REAL-TIME ANALYTICS, ROBOTICS, AND EDGE AI TO FOSTER SEGMENTAL GROWTH  148

16.8         OTHER VERTICALS         149

17            HYBRID BONDING MARKET, BY REGION               151

17.1         INTRODUCTION              152

17.2         ASIA PACIFIC     153

17.2.1      CHINA  159

17.2.1.1  High emphasis on advanced packaging capabilities to accelerate market growth       159

17.2.2      JAPAN   160

17.2.2.1  Strong focus on 3D integration and expertise in ultra-precision manufacturing to fuel market growth                160

17.2.3      INDIA    161

17.2.3.1  Increasing investment in semiconductor manufacturing and advanced packaging ecosystem to boost market growth 161

17.2.4      SOUTH KOREA  162

17.2.4.1  High commitment to expand memory manufacturing and hybrid bonding equipment supply to contribute to market growth           162

17.2.5      TAIWAN               163

17.2.5.1  Rise in foundries and advanced packaging facilities to expedite market growth       163

17.2.6      REST OF ASIA PACIFIC   163

17.3         NORTH AMERICA             164

17.3.1      US           170

17.3.1.1  Leadership in chiplet architectures, AI compute, and advanced packaging R&D to augment market growth     170

17.3.2      CANADA               171

17.3.2.1  Presence of specialized research institutions and photonic integration labs to contribute to market growth              171

17.3.3      MEXICO                171

17.3.3.1  Rising deployment of hybrid-bonded semiconductor components to bolster market growth     171

17.4         EUROPE               172

17.4.1      GERMANY           179

17.4.1.1  Transition toward autonomous driving and software-defined platforms to drive market    179

17.4.2      FRANCE                179

17.4.2.1  Presence of laboratories and advanced packaging pilot lines to foster market growth            179

17.4.3      UK          180

17.4.3.1  Demand for advanced packaging from aerospace, defense, and HPC research to fuel market growth 180

17.4.4      ITALY    180

17.4.4.1  Preference for fine interconnect pitches in electronic packages to accelerate market growth    180

17.4.5      SPAIN    181

17.4.5.1  Strong focus on IoT and smart infrastructure deployment to expedite market growth       181

17.4.6      POLAND               182

17.4.6.1  Expanding electronics manufacturing clusters and government-backed semiconductor initiatives to drive market           182

17.4.7      NORDICS             182

17.4.7.1  Emphasis on deep-tech research to accelerate market growth                 182

17.4.8      REST OF EUROPE             183

17.5         ROW      183

17.5.1      MIDDLE EAST   189

17.5.1.1  Growing emphasis on high-tech R&D and defense electronics modernization to fuel market growth                189

17.5.2      AFRICA 191

17.5.2.1  Development of academic research programs and electronics testing laboratories to facilitate market growth                191

17.5.3      SOUTH AMERICA             193

17.5.3.1  Growing demand for high-end electronics, industrial IoT, and research-led semiconductor development to drive market             193

18            COMPETITIVE LANDSCAPE         196

18.1         OVERVIEW          196

18.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 196

18.3         MARKET SHARE ANALYSIS, 2024                 197

18.4         REVENUE ANALYSIS, 2020–2024  201

18.5         COMPANY VALUATION AND FINANCIAL METRICS                 202

18.6         PRODUCT COMPARISON              203

18.6.1      APPLIED MATERIALS, INC.           203

18.6.2      SUSS MICROTEC SE         203

18.6.3      BESI       204

18.6.4      KULICKE AND SOFFA INDUSTRIES, INC.                204

18.6.5      EV GROUP (EVG)              204

18.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 204

18.7.1      STARS   204

18.7.2      EMERGING LEADERS     204

18.7.3      PERVASIVE PLAYERS      204

18.7.4      PARTICIPANTS 205

18.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         206

18.7.5.1  Company footprint               206

18.7.5.2  Region footprint   206

18.7.5.3  Application footprint            207

18.7.5.4  Packaging architecture footprint        208

18.7.5.5  Equipment type footprint    208

18.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        209

18.8.1      PROGRESSIVE COMPANIES         209

18.8.2      RESPONSIVE COMPANIES            209

18.8.3      DYNAMIC COMPANIES  209

18.8.4      STARTING BLOCKS         209

18.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 211

18.8.5.1  Detailed list of key startups/SMEs    211

18.8.5.2  Competitive benchmarking of key startups/SMEs          211

18.9         COMPETITIVE SCENARIO             212

18.9.1      DEALS  214

19            COMPANY PROFILES      216

19.1         INTRODUCTION              216

19.2         KEY PLAYERS     216

19.2.1      APPLIED MATERIALS, INC.           216

19.2.1.1  Business overview 216

19.2.1.2  Products/Solutions/Services offered 217

19.2.1.3  Recent developments           218

19.2.1.3.1                Product launches  218

19.2.1.3.2                Deals      219

19.2.1.3.3                Expansions             219

19.2.1.4  MnM view              220

19.2.1.4.1                Key strengths/Right to win 220

19.2.1.4.2                Strategic choices   220

19.2.1.4.3                Weaknesses/Competitive threats       220

19.2.2      SUSS MICROTEC SE         221

19.2.2.1  Business overview 221

19.2.2.2  Products/Solutions/Services offered 222

19.2.2.3  Recent developments           223

19.2.2.3.1                Product Launches 223

19.2.2.3.2                Expansions             224

19.2.2.4  MnM view              224

19.2.2.4.1                Key strengths/Right to win 224

19.2.2.4.2                Strategic choices   224

19.2.2.4.3                Weaknesses/Competitive threats       224

19.2.3      BESI       225

19.2.3.1  Business overview 225

19.2.3.2  Products/Solutions/Services offered 226

19.2.3.3  MnM view              227

19.2.3.3.1                Key strengths/Right to win 227

19.2.3.3.2                Strategic choices   227

19.2.3.3.3                Weaknesses/Competitive threats       227

19.2.4      EV GROUP (EVG)              228

19.2.4.1  Business overview 228

19.2.4.2  Products/Solutions/Services offered 229

19.2.4.3  Recent developments           229

19.2.4.3.1                Product launches  229

19.2.4.3.2                Deals      230

19.2.4.3.3                Expansions             231

19.2.4.4  MnM view              231

19.2.4.4.1                Key strengths/Right to win 231

19.2.4.4.2                Strategic choices   231

19.2.4.4.3                Weaknesses/Competitive threats       231

19.2.5      KULICKE AND SOFFA INDUSTRIES, INC.                232

19.2.5.1  Business overview 232

19.2.5.2  Products/Solutions/Services offered 233

19.2.5.3  Recent developments           234

19.2.5.3.1                Deals      234

19.2.5.4  MnM view              234

19.2.5.4.1                Key strengths/Right to win 234

19.2.5.4.2                Strategic choices   234

19.2.5.4.3                Weaknesses/Competitive threats       235

19.2.6      TOKYO ELECTRON LIMITED      236

19.2.6.1  Business overview 236

19.2.6.2  Products/Solutions/Services offered 237

19.2.6.3  Recent developments           238

19.2.6.3.1                Product launches  238

19.2.6.3.2                Deals      238

19.2.6.3.3                Expansions             239

19.2.6.4  MnM view              239

19.2.6.4.1                Key strengths/Right to win 239

19.2.6.4.2                Strategic choices   239

19.2.6.4.3                Weaknesses/Competitive threats       239

19.2.7      LAM RESEARCH CORPORATION                240

19.2.7.1  Business overview 240

19.2.7.2  Products/Solutions/Services offered 241

19.2.7.3  Recent developments           241

19.2.7.3.1                Deals      241

19.2.7.4  MnM view              242

19.2.7.4.1                Key strengths/Right to win 242

19.2.7.4.2                Strategic choices   242

19.2.7.4.3                Weaknesses/Competitive threats       242

19.2.8      SHIBAURA MECHATRONICS CORPORATION       243

19.2.8.1  Business overview 243

19.2.8.2  Products/Solutions/Services offered 244

19.2.8.3  MnM view              245

19.2.8.3.1                Key strengths/Right to win 245

19.2.8.3.2                Strategic choices   245

19.2.8.3.3                Weaknesses/Competitive threats       245

19.2.9      ASMPT  246

19.2.9.1  Business overview 246

19.2.9.2  Products/Solutions/Services offered 247

19.2.9.3  Recent developments           248

19.2.9.3.1                Deals      248

19.2.9.4  MnM view              249

19.2.9.4.1                Key strengths/Right to win 249

19.2.9.4.2                Strategic choices   249

19.2.9.4.3                Weaknesses/Competitive threats       249

19.2.10   HANMI SEMICONDUCTOR           250

19.2.10.1                 Business overview 250

19.2.10.2                 Products/Solutions/Services offered 251

19.2.10.3                 Recent developments           251

19.2.10.3.1             Developments       251

19.2.10.4                 MnM view              252

19.2.10.4.1             Key strengths/Right to win 252

19.2.10.4.2             Strategic choices   252

19.2.10.4.3             Weaknesses/Competitive threats       252

19.3         OTHER PLAYERS              253

19.3.1      ONTO INNOVATION      253

19.3.2      DISCO CORPORATION  254

19.3.3      TORAY ENGINEERING CO.,LTD.                254

19.3.4      KLA CORPORATION       255

19.3.5      BEIJING U-PRECISION TECH CO., LTD    255

19.4         END USERS         256

19.4.1      TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED        256

19.4.2      SAMSUNG            257

19.4.3      SMIC      257

19.4.4      UNITED MICROELECTRONICS CORPORATION  258

19.4.5      GLOBALFOUNDRIES      258

19.4.6      INTEL CORPORATION   259

19.4.7      SK HYNIX INC.   259

19.4.8      MICRON TECHNOLOGY, INC.     260

19.4.9      TEXAS INSTRUMENTS INCORPORATED 260

19.4.10   AMKOR TECHNOLOGY 261

19.4.11   ASE TECHNOLOGY HOLDING CO., LTD.                261

19.4.12   JSCJ        262

19.4.13   SILICONWARE PRECISION INDUSTRIES CO., LTD.                 263

19.4.14   POWERTECH TECHNOLOGY INC.             264

19.4.15   SONY SEMICONDUCTOR SOLUTIONS CORPORATION                 265

20            RESEARCH METHODOLOGY       266

20.1         RESEARCH DATA              266

20.1.1      SECONDARY DATA          267

20.1.1.1  Key data from secondary sources       267

20.1.1.2  List of key secondary sources              268

20.1.2      PRIMARY DATA 268

20.1.2.1  Key data from primary sources           268

20.1.2.2  List of primary interview participants               269

20.1.2.3  Breakdown of primaries      270

20.1.2.4  Key industry insights           270

20.1.3      SECONDARY AND PRIMARY RESEARCH 271

20.2         MARKET SIZE ESTIMATION         271

20.2.1      BOTTOM-UP APPROACH              272

20.2.1.1  Approach to arrive at market size using bottom-up analysis (demand side)       272

20.2.2      TOP-DOWN APPROACH                273

20.2.2.1  Approach to arrive at market size using top-down analysis (supply side)        273

20.3         DATA TRIANGULATION                274

20.4         MARKET FORECAST APPROACH                275

20.4.1      SUPPLY SIDE     275

20.4.2      DEMAND SIDE  275

20.5         RESEARCH ASSUMPTIONS           276

20.6         RESEARCH LIMITATIONS             276

20.7         RISK ANALYSIS  277

21            APPENDIX           278

21.1         INSIGHTS FROM INDUSTRY EXPERTS     278

21.2         DISCUSSION GUIDE        279

21.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                282

21.4         CUSTOMIZATION OPTIONS        284

21.5         RELATED REPORTS         284

21.6         AUTHOR DETAILS           285

LIST OF TABLES

TABLE 1                HYBRID BONDING MARKET: INCLUSIONS AND EXCLUSIONS      29

TABLE 2                UNMET NEEDS AND WHITE SPACES       48

TABLE 3                INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES            49

TABLE 4                MARKET DYNAMICS       50

TABLE 5                IMPACT OF PORTER’S FIVE FORCES        51

TABLE 6                ROLE OF COMPANIES IN HYBRID BONDING ECOSYSTEM       57

TABLE 7                AVERAGE SELLING PRICE OF WAFER BONDERS PROVIDED BY KEY PLAYERS,

2024 (USD MILLION)       58

TABLE 8                AVERAGE SELLING PRICE OF WAFER BONDERS, BY REGION, 2024 (USD MILLION)              59

TABLE 9                IMPORT DATA FOR HS CODE 848620-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            60

TABLE 10              EXPORT DATA FOR HS CODE 848620-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            61

TABLE 11              LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        62

TABLE 12              US-ADJUSTED RECIPROCAL TARIFF RATES                 66

TABLE 13              TECHNOLOGY/PRODUCT ROADMAP    70

TABLE 14              LIST OF MAJOR PATENTS, 2022−2024      73

TABLE 15              TOP USE CASES AND MARKET POTENTIAL                 75

TABLE 16              BEST PRACTICES FOLLOWED BY OEMS 76

TABLE 17              CASE STUDIES RELATED TO AI IMPLEMENTATION         76

TABLE 18              INTERCONNECTED ECOSYSTEM AND IMPACT ON PLAYERS IN HYBRID BONDING MARKET       76

TABLE 19              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 78

TABLE 20              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           79

TABLE 21              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 79

TABLE 22              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           79

TABLE 23              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE VERTICALS (%)  85

TABLE 24              KEY BUYING CRITERIA FOR TOP THREE VERTICALS         86

TABLE 25              UNMET NEEDS IN HYBRID BONDING MARKET, BY VERTICAL     88

TABLE 26             HYBRID BONDING MARKET, BY BONDING TYPE, 2021–2024 (USD MILLION)            94

TABLE 27             HYBRID BONDING MARKET, BY BONDING TYPE, 2025–2032 (USD MILLION)            95

TABLE 28              HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2021–2024 (USD MILLION)            98

TABLE 29              HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2025–2032 (USD MILLION)            98

TABLE 30              WAFER-TO-WAFER (W2W): HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            99

TABLE 31              WAFER-TO-WAFER (W2W): HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            100

TABLE 32              DIE-TO-WAFER (D2W): HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            101

TABLE 33              DIE-TO-WAFER (D2W): HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            101

TABLE 34              DIE-TO-DIE (D2D): HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            102

TABLE 35              DIE-TO-DIE (D2D): HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            102

TABLE 36              HYBRID BONDING MARKET, BY INTEGRATION LEVEL, 2021–2024 (USD MILLION)             105

TABLE 37              HYBRID BONDING MARKET, BY INTEGRATION LEVEL, 2025–2032 (USD MILLION)             105

TABLE 38              HYBRID BONDING MARKET, BY PROCESS FLOW, 2021–2024 (USD MILLION)            109

TABLE 39              HYBRID BONDING MARKET, BY PROCESS FLOW, 2025–2032 (USD MILLION)            109

TABLE 40              HYBRID BONDING MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)                112

TABLE 41              HYBRID BONDING MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)                113

TABLE 42              HYBRID BONDING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            117

TABLE 43              HYBRID BONDING MARKET, BY APPLICATION, 2025–2032 (USD MILLION)            118

TABLE 44              COMPUTING & LOGIC: HYBRID BONDING MARKET, BY TYPE,

2021–2024 (USD MILLION)            118

TABLE 45              COMPUTING & LOGIC: HYBRID BONDING MARKET, BY TYPE,

2025–2032 (USD MILLION)            119

TABLE 46              COMPUTING & LOGIC: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            119

TABLE 47              COMPUTING & LOGIC: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            119

TABLE 48              HIGH-PERFORMANCE COMPUTING & AI ACCELERATORS: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)       120

TABLE 49              HIGH-PERFORMANCE COMPUTING & AI ACCELERATORS: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)       120

TABLE 50              HETEROGENEOUS SOCS & CHIPLET INTEGRATION: HYBRID BONDING MARKET,

BY REGION, 2021–2024 (USD MILLION)   121

TABLE 51              HETEROGENEOUS SOCS & CHIPLET INTEGRATION: HYBRID BONDING MARKET,

BY REGION, 2025–2032 (USD MILLION)   122

TABLE 52              MEMORY & STORAGE: HYBRID BONDING MARKET, BY TYPE,

2021–2024 (USD MILLION)            122

TABLE 53              MEMORY & STORAGE: HYBRID BONDING MARKET, BY TYPE,

2025–2032 (USD MILLION)            122

TABLE 54              MEMORY & STORAGE: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            123

TABLE 55              MEMORY & STORAGE: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            123

TABLE 56              HIGH-BANDWIDTH MEMORY (HBM): HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)                 124

TABLE 57              HIGH-BANDWIDTH MEMORY (HBM): HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)                 124

TABLE 58              3D NAND & STACKED DRAM: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            125

TABLE 59              3D NAND & STACKED DRAM: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            125

TABLE 60              SENSING & INTERFACE: HYBRID BONDING MARKET, BY TYPE,

2021–2024 (USD MILLION)            126

TABLE 61              SENSING & INTERFACE: HYBRID BONDING MARKET, BY TYPE,

2025–2032 (USD MILLION)            126

TABLE 62              SENSING & INTERFACE: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            126

TABLE 63              SENSING & INTERFACE: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            127

TABLE 64              CMOS IMAGE SENSORS (CIS): HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            128

TABLE 65              CMOS IMAGE SENSORS (CIS): HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            128

TABLE 66              MICRO-LED DISPLAYS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            129

TABLE 67              MICRO-LED DISPLAYS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            129

TABLE 68              MEMS & OTHER SENSORS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            130

TABLE 69              MEMS & OTHER SENSORS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            130

TABLE 70              CONNECTIVITY & COMMUNICATION: HYBRID BONDING MARKET, BY TYPE,

2021–2024 (USD MILLION)            131

TABLE 71              CONNECTIVITY & COMMUNICATION: HYBRID BONDING MARKET, BY TYPE,

2025–2032 (USD MILLION)            131

TABLE 72              CONNECTIVITY & COMMUNICATION: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)                 131

TABLE 73              CONNECTIVITY & COMMUNICATION: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)                 132

TABLE 74              RF FRONT-END MODULES (FEM): HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            132

TABLE 75              RF FRONT-END MODULES (FEM): HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            133

TABLE 76              PHOTONICS & OPTICAL INTERCONNECTS: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)            133

TABLE 77              PHOTONICS & OPTICAL INTERCONNECTS: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)            134

TABLE 78              5G DEVICES: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)          134

TABLE 79              5G DEVICES: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)          135

TABLE 80              OTHER APPLICATIONS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            135

TABLE 81              OTHER APPLICATIONS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            136

TABLE 82              HYBRID BONDING MARKET, BY VERTICAL, 2021–2024 (USD MILLION)            138

TABLE 83              HYBRID BONDING MARKET, BY VERTICAL, 2025–2032 (USD MILLION)            139

TABLE 84              IT & TELECOMMUNICATIONS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            141

TABLE 85              IT & TELECOMMUNICATIONS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            141

TABLE 86              CONSUMER ELECTRONICS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            142

TABLE 87              CONSUMER ELECTRONICS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            143

TABLE 88              AUTOMOTIVE: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)          144

TABLE 89              AUTOMOTIVE: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)          145

TABLE 90              AEROSPACE & DEFENSE: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            146

TABLE 91              AEROSPACE & DEFENSE: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            146

TABLE 92              HEALTHCARE & MEDICAL: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            147

TABLE 93              HEALTHCARE & MEDICAL: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            147

TABLE 94              INDUSTRIAL AUTOMATION: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            148

TABLE 95              INDUSTRIAL AUTOMATION: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            149

TABLE 96             OTHER VERTICALS: HYBRID BONDING MARKET, BY REGION,

2021–2024 (USD MILLION)            149

TABLE 97             OTHER VERTICALS: HYBRID BONDING MARKET, BY REGION,

2025–2032 (USD MILLION)            150

TABLE 98              HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)       152

TABLE 99              HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)       152

TABLE 100            ASIA PACIFIC: HYBRID BONDING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            154

TABLE 101            ASIA PACIFIC: HYBRID BONDING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            155

TABLE 102            ASIA PACIFIC: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2021–2024 (USD MILLION)            155

TABLE 103            ASIA PACIFIC: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2025–2032 (USD MILLION)            155

TABLE 104            ASIA PACIFIC: HYBRID BONDING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            156

TABLE 105            ASIA PACIFIC: HYBRID BONDING MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            156

TABLE 106            ASIA PACIFIC: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE, 2021–2024 (USD MILLION)                 156

TABLE 107            ASIA PACIFIC: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE, 2025–2032 (USD MILLION)                 157

TABLE 108            ASIA PACIFIC: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE, 2021–2024 (USD MILLION)                 157

TABLE 109            ASIA PACIFIC: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE, 2025–2032 (USD MILLION)                 157

TABLE 110            ASIA PACIFIC: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE, 2021–2024 (USD MILLION)                 157

TABLE 111            ASIA PACIFIC: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE, 2025–2032 (USD MILLION)                 158

TABLE 112            ASIA PACIFIC: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS, BY TYPE, 2021–2024 (USD MILLION)            158

TABLE 113            ASIA PACIFIC: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS, BY TYPE, 2025–2032 (USD MILLION)            158

TABLE 114            ASIA PACIFIC: HYBRID BONDING MARKET, BY VERTICAL,

2021–2024 (USD MILLION)            159

TABLE 115            ASIA PACIFIC: HYBRID BONDING MARKET, BY VERTICAL,

2025–2032 (USD MILLION)            159

TABLE 116            NORTH AMERICA: HYBRID BONDING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            165

TABLE 117            NORTH AMERICA: HYBRID BONDING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            165

TABLE 118            NORTH AMERICA: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE, 2021–2024 (USD MILLION)                 165

TABLE 119            NORTH AMERICA: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE, 2025–2032 (USD MILLION)                 166

TABLE 120            NORTH AMERICA: HYBRID BONDING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            166

TABLE 121            NORTH AMERICA: HYBRID BONDING MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            166

TABLE 122            NORTH AMERICA: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE, 2021–2024 (USD MILLION)                 167

TABLE 123            NORTH AMERICA: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE, 2025–2032 (USD MILLION)                 167

TABLE 124            NORTH AMERICA: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE, 2021–2024 (USD MILLION)                 167

TABLE 125            NORTH AMERICA: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE, 2025–2032 (USD MILLION)                 168

TABLE 126            NORTH AMERICA: HYBRID BONDING MARKET FOR SENSING & INTERFACE,

BY TYPE, 2021–2024 (USD MILLION)         168

TABLE 127            NORTH AMERICA: HYBRID BONDING MARKET FOR SENSING & INTERFACE,

BY TYPE, 2025–2032 (USD MILLION)         168

TABLE 128            NORTH AMERICA: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS, BY TYPE, 2021–2024 (USD MILLION) 169

TABLE 129            NORTH AMERICA: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS, BY TYPE, 2025–2032 (USD MILLION) 169

TABLE 130            NORTH AMERICA: HYBRID BONDING MARKET, BY VERTICAL,

2021–2024 (USD MILLION)            169

TABLE 131            NORTH AMERICA: HYBRID BONDING MARKET, BY VERTICAL,

2025–2032 (USD MILLION)            170

TABLE 132            EUROPE: HYBRID BONDING MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     173

TABLE 133            EUROPE: HYBRID BONDING MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     174

TABLE 134            EUROPE: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2021–2024 (USD MILLION)            174

TABLE 135            EUROPE: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2025–2032 (USD MILLION)            174

TABLE 136            EUROPE: HYBRID BONDING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            175

TABLE 137            EUROPE: HYBRID BONDING MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            175

TABLE 138            EUROPE: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE,

2021–2024 (USD MILLION)            175

TABLE 139            EUROPE: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE,

2025–2032 (USD MILLION)            176

TABLE 140            EUROPE: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE,

2021–2024 (USD MILLION)            176

TABLE 141            EUROPE: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE,

2025–2032 (USD MILLION)            176

TABLE 142            EUROPE: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE,

2021–2024 (USD MILLION)            177

TABLE 143            EUROPE: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE,

2025–2032 (USD MILLION)            177

TABLE 144            EUROPE: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS,

BY TYPE, 2021–2024 (USD MILLION)         177

TABLE 145            EUROPE: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS,

BY TYPE, 2025–2032 (USD MILLION)         178

TABLE 146            EUROPE: HYBRID BONDING MARKET, BY VERTICAL, 2021–2024 (USD MILLION)     178

TABLE 147            EUROPE: HYBRID BONDING MARKET, BY VERTICAL, 2025–2032 (USD MILLION)     178

TABLE 148            ROW: HYBRID BONDING MARKET, BY REGION, 2021–2024 (USD MILLION)            184

TABLE 149            ROW: HYBRID BONDING MARKET, BY REGION, 2025–2032 (USD MILLION)            185

TABLE 150            ROW: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2021–2024 (USD MILLION)            185

TABLE 151            ROW: HYBRID BONDING MARKET, BY PACKAGING ARCHITECTURE,

2025–2032 (USD MILLION)            185

TABLE 152            ROW: HYBRID BONDING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              186

TABLE 153            ROW: HYBRID BONDING MARKET, BY APPLICATION, 2025–2032 (USD MILLION)              186

TABLE 154            ROW: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE,

2021–2024 (USD MILLION)            186

TABLE 155            ROW: HYBRID BONDING MARKET FOR COMPUTING & LOGIC, BY TYPE,

2025–2032 (USD MILLION)            187

TABLE 156            ROW: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE,

2021–2024 (USD MILLION)            187

TABLE 157            ROW: HYBRID BONDING MARKET FOR MEMORY & STORAGE, BY TYPE,

2025–2032 (USD MILLION)            187

TABLE 158            ROW: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE,

2021–2024 (USD MILLION)            187

TABLE 159            ROW: HYBRID BONDING MARKET FOR SENSING & INTERFACE, BY TYPE,

2025–2032 (USD MILLION)            188

TABLE 160            ROW: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS,

BY TYPE, 2021–2024 (USD MILLION)         188

TABLE 161            ROW: HYBRID BONDING MARKET FOR CONNECTIVITY & COMMUNICATIONS,

BY TYPE, 2025–2032 (USD MILLION)         188

TABLE 162          ROW: HYBRID BONDING MARKET, BY VERTICAL, 2021–2024 (USD MILLION)            189

TABLE 163          ROW: HYBRID BONDING MARKET, BY VERTICAL, 2025–2032 (USD MILLION)            189

TABLE 164            MIDDLE EAST: HYBRID BONDING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            190

TABLE 165            MIDDLE EAST: HYBRID BONDING MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            190

TABLE 166            MIDDLE EAST: HYBRID BONDING MARKET, BY VERTICAL,

2021–2024 (USD MILLION)            191

TABLE 167            MIDDLE EAST: HYBRID BONDING MARKET, BY VERTICAL,

2025–2032 (USD MILLION)            191

TABLE 168            AFRICA: HYBRID BONDING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              192

TABLE 169            AFRICA: HYBRID BONDING MARKET, BY APPLICATION, 2025–2032 (USD MILLION)              192

TABLE 170            AFRICA: HYBRID BONDING MARKET, BY VERTICAL, 2021–2024 (USD MILLION)     193

TABLE 171            AFRICA: HYBRID BONDING MARKET, BY VERTICAL, 2025–2032 (USD MILLION)     193

TABLE 172            SOUTH AMERICA: HYBRID BONDING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            194

TABLE 173            SOUTH AMERICA: HYBRID BONDING MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            194

TABLE 174            SOUTH AMERICA: HYBRID BONDING MARKET, BY VERTICAL,

2021–2024 (USD MILLION)            195

TABLE 175            SOUTH AMERICA: HYBRID BONDING MARKET, BY VERTICAL,

2025–2032 (USD MILLION)            195

TABLE 176            HYBRID BONDING MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2021–OCTOBER 2025                196

TABLE 177            HYBRID BONDING MARKET: DEGREE OF COMPETITION, 2024       198

TABLE 178            HYBRID BONDING MARKET: REGION FOOTPRINT       206

TABLE 179            HYBRID BONDING MARKET: APPLICATION FOOTPRINT       207

TABLE 180            HYBRID BONDING MARKET: PACKAGING ARCHITECTURE FOOTPRINT     208

TABLE 181            HYBRID BONDING MARKET: EQUIPMENT TYPE FOOTPRINT       208

TABLE 182            HYBRID BONDING MARKET: DETAILED LIST OF KEY STARTUPS/SMES    211

TABLE 183            HYBRID BONDING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          211

TABLE 184            HYBRID BONDING MARKET: PRODUCT LAUNCHES,

JANUARY 2021–OCTOBER 2025   212

TABLE 185            HYBRID BONDING MARKET: DEALS, JANUARY 2021–OCTOBER 2025        214

TABLE 186            APPLIED MATERIALS, INC.: COMPANY OVERVIEW          216

TABLE 187            APPLIED MATERIALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    217

TABLE 188            APPLIED MATERIALS, INC.: PRODUCT LAUNCHES          218

TABLE 189            APPLIED MATERIALS, INC.: DEALS           219

TABLE 190            APPLIED MATERIALS, INC.: EXPANSIONS                 219

TABLE 191            SUSS MICROTEC SE: COMPANY OVERVIEW                 221

TABLE 192            SUSS MICROTEC SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    222

TABLE 193            SUSS MICROTEC SE: PRODUCT LAUNCHES                 223

TABLE 194            SUSS MICROTEC SE: EXPANSIONS            224

TABLE 195            BESI: COMPANY OVERVIEW        225

TABLE 196            BESI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             226

TABLE 197            EV GROUP (EVG): COMPANY OVERVIEW                 228

TABLE 198            EV GROUP (EVG): PRODUCTS/SOLUTIONS/SERVICES OFFERED    229

TABLE 199            EV GROUP (EVG): PRODUCT LAUNCHES                 229

TABLE 200            EV GROUP (EVG): DEALS              230

TABLE 201            EV GROUP (EVG): EXPANSIONS 231

TABLE 202            KULICKE AND SOFFA INDUSTRIES, INC.: COMPANY OVERVIEW   232

TABLE 203            KULICKE AND SOFFA INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    233

TABLE 204            KULICKE AND SOFFA INDUSTRIES, INC.: DEALS                 234

TABLE 205            TOKYO ELECTRON LIMITED: COMPANY OVERVIEW          236

TABLE 206            TOKYO ELECTRON LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    237

TABLE 207            TOKYO ELECTRON LIMITED: PRODUCT LAUNCHES          238

TABLE 208            TOKYO ELECTRON LIMITED: DEALS      238

TABLE 209            TOKYO ELECTRON LIMITED: EXPANSIONS                 239

TABLE 210            LAM RESEARCH CORPORATION: COMPANY OVERVIEW          240

TABLE 211            LAM RESEARCH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 212            LAM RESEARCH CORPORATION: DEALS                 241

TABLE 213            SHIBAURA MECHATRONICS CORPORATION: COMPANY OVERVIEW   243

TABLE 214            SHIBAURA MECHATRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    244

TABLE 215            ASMPT: COMPANY OVERVIEW  246

TABLE 216            ASMPT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             247

TABLE 217            ASMPT: DEALS  248

TABLE 218            HANMI SEMICONDUCTOR: COMPANY OVERVIEW          250

TABLE 219            HANMI SEMICONDUCTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 220            HANMI SEMICONDUCTOR: DEVELOPMENTS                 251

TABLE 221            ONTO INNOVATION: COMPANY OVERVIEW                 253

TABLE 222            DISCO CORPORATION: COMPANY OVERVIEW                 254

TABLE 223            TORAY ENGINEERING CO.,LTD: COMPANY OVERVIEW          254

TABLE 224            KLA CORPORATION: COMPANY OVERVIEW                 255

TABLE 225            BEIJING U-PRECISION TECH CO., LTD: COMPANY OVERVIEW   255

TABLE 226            TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED: COMPANY OVERVIEW        256

TABLE 227            SAMSUNG: COMPANY OVERVIEW            257

TABLE 228            SMIC: COMPANY OVERVIEW       257

TABLE 229            UNITED MICROELECTRONICS CORPORATION: COMPANY OVERVIEW   258

TABLE 230            GLOBALFOUNDRIES: COMPANY OVERVIEW                 258

TABLE 231            INTEL CORPORATION: COMPANY OVERVIEW                 259

TABLE 232            SK HYNIX INC.: COMPANY OVERVIEW    259

TABLE 233            MICRON TECHNOLOGY, INC.: COMPANY OVERVIEW          260

TABLE 234            TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW   260

TABLE 235            AMKOR TECHNOLOGY: COMPANY OVERVIEW                 261

TABLE 236            ASE TECHNOLOGY HOLDING CO., LTD.: COMPANY OVERVIEW   261

TABLE 237            JSCJ: COMPANY OVERVIEW         262

TABLE 238            SILICONWARE PRECISION INDUSTRIES CO., LTD.: COMPANY OVERVIEW       263

TABLE 239            POWERTECH TECHNOLOGY INC.: COMPANY OVERVIEW          264

TABLE 240            SONY SEMICONDUCTOR SOLUTIONS CORPORATION: COMPANY OVERVIEW 265

TABLE 241            MAJOR SECONDARY SOURCES  268

TABLE 242            DATA CAPTURED FROM PRIMARY SOURCES                 268

TABLE 243            PRIMARY INTERVIEW PARTICIPANTS     269

TABLE 244            HYBRID BONDING MARKET: RISK ANALYSIS                 277

LIST OF FIGURES

FIGURE 1              HYBRID BONDING MARKET SEGMENTATION AND REGIONAL SCOPE 28

FIGURE 2              HYBRID BONDING MARKET: DURATION CONSIDERED    29

FIGURE 3              MARKET SCENARIO        32

FIGURE 4              GLOBAL HYBRID BONDING MARKET, 2021–2032                 32

FIGURE 5              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID BONDING MARKET, 2021–2025             33

FIGURE 6              DISRUPTIONS INFLUENCING GROWTH OF HYBRID BONDING MARKET        33

FIGURE 7              HIGH-GROWTH SEGMENTS IN HYBRID BONDING MARKET, 2025–2030    34

FIGURE 8              ASIA PACIFIC TO REGISTER HIGHEST CAGR IN HYBRID BONDING MARKET, IN TERMS OF VALUE, DURING FORECAST PERIOD         35

FIGURE 9              GROWING FOCUS ON MEETING AI, HOC, AND NEXT-GEN MEMORY REQUIREMENTS TO DRIVE HYBRID BONDING MARKET         36

FIGURE 10            DIE-TO-WAFER (D2W) TO HOLD LARGEST MARKET SHARE IN 2032 36

FIGURE 11            BACK-END SEGMENT TO DOMINATE HYBRID BONDING MARKET DURING FORECAST PERIOD               37

FIGURE 12            MEMORY & STORAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025             37

FIGURE 13            AUTOMOTIVE TO GROW AT HIGHEST RATE DURING FORECAST PERIOD       38

FIGURE 14            ASIA PACIFIC TO DOMINATE HYBRID BONDING MARKET FROM 2025 TO 2032       38

FIGURE 15            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    39

FIGURE 16            IMPACT ANALYSIS: DRIVERS      43

FIGURE 17            IMPACT ANALYSIS: RESTRAINTS               45

FIGURE 18            IMPACT ANALYSIS: OPPORTUNITIES     46

FIGURE 19            IMPACT ANALYSIS: CHALLENGES             47

FIGURE 20            PORTER’S FIVE FORCES ANALYSIS           51

FIGURE 21            SUPPLY CHAIN ANALYSIS             55

FIGURE 22            HYBRID BONDING ECOSYSTEM                57

FIGURE 23            AVERAGE SELLING PRICE OF WAFER BONDERS OFFERED BY KEY PLAYERS, 2024                58

FIGURE 24            IMPORT SCENARIO FOR HS CODE 848620-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2020–2024                 60

FIGURE 25            EXPORT SCENARIO FOR HS CODE 848620-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2020–2024                 61

FIGURE 26            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   63

FIGURE 27            INVESTMENT AND FUNDING SCENARIO, 2019–2025        64

FIGURE 28            PATENT ANALYSIS, 2015–2024     72

FIGURE 29            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS   85

FIGURE 30            KEY BUYING CRITERIA FOR TOP THREE VERTICALS         86

FIGURE 31            ADOPTION BARRIERS AND INTERNAL CHALLENGES    87

FIGURE 32            COPPER-TO-COPPER (CU-CU) SEGMENT TO EXHIBIT HIGHEST

CAGR FROM 2025 TO 2032             94

FIGURE 33            DIE-TO-DIE (D2D) SEGMENT TO RECORD HIGHEST CAGR FROM 2025 TO 2032         98

FIGURE 34            HETEROGENEOUS INTEGRATION SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2025 AND 2032        105

FIGURE 35            BACK-END SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       109

FIGURE 36            WAFER BONDERS SEGMENT TO HOLD LARGEST MARKET SHARE

IN 2025 AND 2032              112

FIGURE 37            COMPUTING & LOGIC SEGMENT TO DOMINATE HYBRID BONDING MARKET DURING FORECAST PERIOD                117

FIGURE 38            AUTOMOTIVE SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2025 TO 2032             138

FIGURE 39            ASIA PACIFIC TO RECORD HIGHEST CAGR IN HYBRID BONDING MARKET DURING FORECAST PERIOD                 152

FIGURE 40            ASIA PACIFIC: HYBRID BONDING MARKET SNAPSHOT          154

FIGURE 41            NORTH AMERICA: HYBRID BONDING MARKET SNAPSHOT          164

FIGURE 42            EUROPE: HYBRID BONDING MARKET SNAPSHOT          173

FIGURE 43            ROW: HYBRID BONDING MARKET SNAPSHOT                 184

FIGURE 44            MARKET SHARE OF COMPANIES OFFERING HYBRID BONDING EQUIPMENT, 2024     198

FIGURE 45            HYBRID BONDING MARKET: REVENUE ANALYSIS OF TOP FOUR

PLAYERS, 2020–2024         201

FIGURE 46            COMPANY VALUATION 202

FIGURE 47            FINANCIAL METRICS (EV/EBITDA)          202

FIGURE 48            PRODUCT COMPARISON              203

FIGURE 49            HYBRID BONDING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         205

FIGURE 50            HYBRID BONDING MARKET: COMPANY FOOTPRINT       206

FIGURE 51            HYBRID BONDING MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                210

FIGURE 52            APPLIED MATERIALS, INC.: COMPANY SNAPSHOT          217

FIGURE 53            SUSS MICROTEC SE: COMPANY SNAPSHOT                 222

FIGURE 54            BESI: COMPANY SNAPSHOT        226

FIGURE 55            KULICKE AND SOFFA INDUSTRIES, INC.: COMPANY SNAPSHOT   233

FIGURE 56            TOKYO ELECTRON LIMITED: COMPANY SNAPSHOT          237

FIGURE 57            LAM RESEARCH CORPORATION: COMPANY SNAPSHOT          240

FIGURE 58            SHIBAURA MECHATRONICS CORPORATION: COMPANY SNAPSHOT   244

FIGURE 59            ASMPT: COMPANY SNAPSHOT  247

FIGURE 60            HANMI SEMICONDUCTOR: COMPANY SNAPSHOT          250

FIGURE 61            HYBRID BONDING MARKET: RESEARCH DESIGN                 266

FIGURE 62            DATA CAPTURED FROM SECONDARY SOURCES                 267

FIGURE 63            BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION  270

FIGURE 64            CORE FINDINGS FROM INDUSTRY EXPERTS                 270

FIGURE 65            HYBRID BONDING MARKET: RESEARCH APPROACH         271

FIGURE 66            HYBRID BONDING MARKET SIZE ESTIMATION (SUPPLY SIDE)  272

FIGURE 67            HYBRID BONDING MARKET: BOTTOM-UP APPROACH         273

FIGURE 68            HYBRID BONDING MARKET: TOP-DOWN APPROACH         273

FIGURE 69            HYBRID BONDING MARKET: DATA TRIANGULATION             274

FIGURE 70            HYBRID BONDING MARKET: RESEARCH ASSUMPTIONS  276

FIGURE 71            HYBRID BONDING MARKET: RESEARCH LIMITATIONS    276

FIGURE 72            HYBRID BONDING MARKET: INSIGHTS FROM INDUSTRY EXPERTS       278