PUNE, India, Jan. 11, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the is global Semiconductor Manufacturing Equipment Market will grow at a CAGR of 9.9%, reaching USD 196.7 billion during the forecast period 2023-2029. The market was valued at $88.2 billion in 2021. The market growth is attributed to factors such as the increasing product demand for wireless technology and the manufacturing sector.
Key Industry Development:
March 2021 – Soitec acquired high technology company NOVASiC. The latter enabled the development of semiconductors for power supply systems in industrial and electromobility applications through the deal.
Request a copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/semiconductor-manufacturing-equipment-market-101964
List of Key Players Mentioned in the Report:
- Applied Materials Inc (USA)
- Tokyo Electron Limited (Japan)
- Lam Research Corporation (USA)
- ASML (Netherlands)
- KLA Corporation (Netherlands)
- Dainippon Screen Group (Japan)
- Hitachi High Technologies Corporation (Japan)
- ASM International (USA)
- Ferrotec Holdings Corporation (Japan)
- Canon Machinery Inc (Japan)
Scope and Segmentation of Semiconductor Manufacturing Equipment Market Report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 9.9% |
| Value prognosis 2029 | $196.7 billion |
| base year | 2021 |
| Market size in 2022 | $101.6 billion |
| Historical data | 2018-2020 |
| number of pages | 140 |
| Covered Segments | By device type, by dimension, by application, by region |
| Semiconductor Manufacturing Equipment Market Growth Drivers | Increasing product demand for wireless technology and manufacturing sectors to fuel market growth |
Segments:
Front-end equipment segment shows significant growth due to increasing demand for IC chips
Based on device type, the market is segmented into front-end devices and back-end devices. Of these, the front-end segment is expected to witness notable growth over the analysis period, driven by the escalating demand for IC chips for…
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