Semiconductor Equipment Market Is Estimated To Witness High Growth Owing To Increasing Demand For Electronic Devices.
Semiconductor Equipment Market Semiconductor equipment are electronic measurement instruments and component used in the design, development, fabrication and testing of semiconductors, electronic integrated circuits and electronic devices. The key equipment includes wafer fabrication equipment, packaging and assembly equipment, test equipment, process control and metrology equipment. Semiconductor equipment help deliver high-performance and energy-efficient devices with greater functionality to support various end-use applications. There is increasing demand for electronic devices such as smartphones, laptops, tablets and TVs which is expected to drive the demand for semiconductor equipment. The global Semiconductor Equipment Market is estimated to be valued at US$ 83.3 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Increasing demand for electronic devi...