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Semiconductor Manufacturing Equipment Market to Reach USD 53200 Million by 2027 at CAGR 3.9% - Valuates Reports
Semiconductor Manufacturing Equipment Market is Segmented
by Type (Front-end Equipment, Backend Equipment),
by Application (Automation, Chemical control equipment, Gas control equipment, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published on
Valuates Reports in the
Manufacturing Category.
The global Semiconductor Manufacturing Equipment market is projected to reach USD 53200 Million by 2027, from USD 39510 Million in 2020, at a CAGR of 3.9% during the forecast period 2021-2027.
Major factors driving the growth of the semiconductor manufacturing equipment market are:
Growing consumer electronics market and rise in trend of miniaturization and technology migration.
IIoT and Digitization to Have Strong Impact on Industrial Machinery Manufacturing Businesses | Discover Company Insights on BizVibe
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NEW YORK, May 5, 2021 /PRNewswire/
BizVibe has identified the adoption of the industrial internet of things (IIoT) and digitization as a major trend for the industrial machinery manufacturing industry. The IIoT is paving a path for the growth of the manufacturing industry. Communications between devices, advanced data analytics about material usage and products, and less human intervention are helping manufacturing floors become more efficient. This trend is expected to have a strong influence on industrial machinery manufacturing companies, especially in North America and Europe.