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“Global Semiconductor Equipment and Materials Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in-depth analysis of the global semiconductor equipment and materials market with description of market sizing and growth. The analysis includes the market by value, by product, by segment and by region. Furthermore, the report also provides detailed product, segment and regional analysis.
The global semiconductor equipment and materials market has augmented at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 2024. The market would propel with support of different growth drivers such as escalating consumer electronics sector, surging demand for medical devices, growing smartphone penetration, upsurge in Internet of Things (IoT) devices and emerging industrial rob
Global Semiconductor Manufacturing Equipment Market Outlook 2019-2020 & 2027 - ResearchAndMarkets.com
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Global Semiconductor Manufacturing Equipment market accounted for $56.12 billion in 2019 and is expected to reach $131.20 billion by 2027 growing at a CAGR of 11.2% during the forecast period.
Some of the key factors propelling the market growth include increasing investments in R&D facilities, growing demand for electric and hybrid vehicles, trend of miniaturization and technology migration, and high demand for chips to provide computation power and connectivity for AI applications. However, high purchase and maintenance costs are likely to restraining the market growth.
Semiconductor manufacturing is a difficult process that provides quality assertion of various semiconductor products. This equipment is used in order to safeguard assembling of semiconductor parts, testing of the entire device and wafer fab. It is an important component for car