Lucintel Forecasts Semiconductor Production Equipment Market To Reach $162.7 Billion By 2028

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According to the recent study the semiconductor production equipment market is projected to reach an estimated $162.7 billion by 2028 from $104.0 billion in 2023, at a CAGR of 9.4% from 2023 to 2028. Growth in this market is primarily driven by increasing penetration of semiconductor chips in the consumer electronic, medical gadget, and sensor system applications and growing integration of connected devices with IoT and artificial intelligence across the globe.
A more than 150–page report is developed to understand trends, opportunities and forecast in semiconductor production equipment market by product type (front-end equipment and back-end equipment), function (integrated circuits and optoelectronics, sensors, and discretes (OSD)), supply chain process (intregated device manufacturer (IDM), outsourced semiconductor assembly and test (OSAT), and foundry), and region.
Download sample report by clicking on below link https://www.lucintel.com/semiconductor-production-equipment-market.aspx

“Front-end equipment market is expected to remain the largest segment during the forecast period.”
Based on ...
... product type, the semiconductor production equipment market is segmented into ront-end equipment and back-end equipment. Lucintel forecasts that the front-end equipment market is expected to remain the largest segment due to increasing demand for consumer electronic devices and growing usage of semiconductor parts in electric and hybrid vehicles.
“Within the semiconductor production equipment market, the intregated device manufacturer (IDM) segment is expected to remain the largest supply chain process.”
Based on supply chain process the intregated device manufacturer (IDM) segment is expected to witness the highest growth over the forecast period due to increasing spending in research and development activities so as to develop sophisticated semiconductor ICs, RFID circuits, and sensors.
“Asia pacific will dominate the semiconductor production equipment market in near future.”
APAC will remain the largest region due to the presence of major semiconductor manufacturers in countries, like China and Taiwan, and supportive government programs and financial actions that boost semiconductor production in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/semiconductor-production-equipment-market.aspx
Major players of semiconductor production equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Alsil Material, ASML Holdings, Screen Holdings, Teradyne Inc., Applied Materials, Veeco Instruments, KLA Corporation, Nikon Corporation, and Onto Innovation are among the major semiconductor production equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductor-production-equipment-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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