Semiconductor Equipment Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The semiconductor equipment market is expected to reach a value of USD 142.53 billion in 2027, registering a CAGR of 4.08% during the forecast period. The global semiconductor industry is driven by the simultaneous growth of smartphones and other devices, such as advanced consumer electronics, and the growth of the automotive industry.
Key HighlightsThe intensity of competitive rivalry is moderately high in the semiconductor equipment market. Firm specialization is driven by the high R&D investments and capital expenditures required to compete in the SME industry. Some key players are Applied Materials Inc., ASML Holding Semiconductor Company, and KLA Corporation. A few recent developments in this market are:
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