Fab equipment spending is forecast to achieve 24 percent growth in 2021 to $67.7 billion, according to SEMI World Fab Forecast report.
Memory fabs will lead semiconductor segments with $30 billion in equipment spending, while leading-edge logic and foundry is expected to rank second with $29 billion in investments.
The 3D NAND memory sub-segment will help power the spending spree with 30 percent increase in investments in 2020 and 17 percent growth in 2021.
DRAM fab investments will grow 50 percent next year after declining 11 percent in 2020.
Fab spending on logic and foundry, mainly leading edge, will be rising 16 percent 2021 after an 11 percent drop this year.
Fab equipment spending on image sensors will achieve 60 percent increase in 2020 and 36 percent surge in 2021.
Analog and mixed signal will grow by 40 percent in 2020 and 13 percent in 2021. Power-related devices are forecast to register 16 percent growth in 2020 and 67 percent increase in 2021.
Global fab equipment spending QoQ declined 15 percent in the first quarter of 2020.