The Semiconductor CVD Equipment Market size is estimated at USD 17.02 billion in 2024, and is expected to reach USD 22.72 billion by 2029, growing at a CAGR of 5.95% during the forecast period (2024-2029).
Increasing demand for microelectronics-based consumer products, resulting in the faster growth of the semiconductor, LED, and storage device industry and strict regulations on the use of Cr6 for electroplating are primarily driving the growth of the CVD equipment market.
The market is fragmented with high competitive rivalry. Also, owing to their market penetration and the ability to offer advanced products, the competitive rivalry is expected to be high. Although the market comprises various players, only a handful are prominent in the market for their high standards and excellent quality.
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