Product ID: SQMIG45N2084
Report ID:
SQMIG45N2084 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
173 |
Figures:
79
Global Semiconductor Production Equipment Market size was valued at USD 67.69 billion in 2019 and is poised to grow from USD 95.70 billion in 2023 to USD 192.52 billion by 2031, growing at a CAGR of 9.13% during the forecast period (2024-2031).
Investment in semiconductor fabrication and increase in manufacturing of automobiles and consumer electronics are the major semiconductor production equipment market growth drivers. Miniaturization of IC’s and investment in the development of technology in the production and fabrication of different electronic machines are also creating a demand for semiconductor production gear.
Different countries governments spend on the expansion of semiconductor foundries to meet the increasing need of semiconductors' chips. Major vendors are close competitors in the global market in terms of R&D investment to offer customizable semiconductor processing equipment to their customers and grow their product ranges. They are increasingly extending their supply chain, which will allow them to seize more market share in the semiconductor production equipment market.
Semiconductor production factories include different kinds of machines that are used to make semiconductors. Semiconductors are being fast adopted by both consumer markets and the automotive industry. Components such as abatement and sub-fab systems, DC & RF power generators, mass flow controllers, process control valves, RF match, roughing pumps, temperature controllers, and turbopumps are examples of semiconductor production equipment.
Semiconductor manufacturing operations also adopt dicing and probing machines, CMP, polish and edge grinders, chemical mechanical planarization, integrated circuit production equipment, and sliced wafer demounting and cleaning machines for semiconductor production.
Semiconductors are used to create lots of electrical & electronic products like desktop computers, mobile phones & portable electronic equipment. New technology R&D is forecast to promote the semiconductor production equipment market growth in the next few years. Consumer electronics producers are extensively exploring the field where compact devices are developed, opening a new area for a corresponding growth in the demand for advanced semiconductor manufacturing equipment. Efficiency, compactness, cost-effectiveness are the competitive advantages of pocket products. Many semiconductor production equipment are used to produce integrated circuits and other semiconductor components employed in the tiny-scaled electronic devices.
US Semiconductor Production Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Semiconductor Production Equipment Market size was valued at USD 67.69 billion in 2019 and is poised to grow from USD 95.70 billion in 2023 to USD 192.52 billion by 2031, growing at a CAGR of 9.13% during the forecast period (2024-2031).
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Product ID: SQMIG45N2084