Wafer Fabrication Equipment Is Fastest Growing Segment Fueling The Growth Of Semiconductor Equipment Market.
Semiconductor Equipment Market 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 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Semiconductor equipment is used for manufacturing integrated circuits, memory chips, and optoelectronics components. These devices find applications in various end-use industries including consumer electronics, healthcare, and automotive. Semiconductor equipment help perform critical steps such as deposition, etch, ion implantation and thermal diffusion during the wafer fabrication process. Market key trends: Miniaturization of semiconductors is one of the key trends witnessed in the global semiconductor equipment market. Continuous advancement and miniaturization help pack more transistors in a given chip area which boosts the performance of devices. Additionally, continuous downscaling a...