Analysis & Market Insights of the Latest Trends In Semiconductor Manufacturing Equipment Industry

With a compound annual growth rate (CAGR) of 10.4% from 2023 to 2028, the market for semiconductor manufacturing equipment is expected to grow from USD 91.2 billion in 2023 to USD 149.8 billion. Some of the key reasons propelling the global market expansion are the widespread usage of 5G technology and the need for semiconductor parts in electric and hybrid vehicles.

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