Semiconductor Machinery Global Market Report 2024 – Strong Growth with Market Set to Reach $225.03 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.6% – ResearchAndMarkets.com
The semiconductor ministry request size has grown explosively in recent times. It’ll grow from$162.44 billion in 2023 to$174.37 billion in 2024 at a composite periodic growth rate( CAGR) of7.3. The semiconductor ministry request size is anticipated to see strong growth in the coming many times. It’ll grow to$225.03 billion in 2028 at a composite periodic growth rate( CAGR) of 6.6. The awaited growth in the cast period can be attributed to colorful factors, including the proliferation of IoT( Internet of effects) and connectivity results, the expansion of 5G and connectivity technologies, the trend towards miniaturization of semiconductor chips, the adding relinquishment of sustainable manufacturing practices, and the growing demand for high- chastity and high- performance accouterments in a semiconductor product. Major trends anticipated in the cast period include advancements in packaging technologies, the use of extreme ultraviolet( EUV) lithography, the relinquishment of smart manufacturing and Assiduity4.0 practices, a focus on sustainability and green manufacturing, and the integration of cooperative robotics in semiconductor manufacturing processes. The semiconductor ministry request is passing significant growth, driven by the added demand for electric vehicles. The rise in electric auto relinquishment can be attributed to the growing number of charging stations worldwide.
Advances in semiconductor assiduity are enabling longer battery life for electric vehicles, enhancing their appeal and immolation substantial business openings for semiconductor manufacturers. According to the International Energy Agency’s( IEA) Global Electric Vehicle Outlook 2022, deals of electric buses, including completely electric and plug-in mongrels, doubled in 2021, reaching a new record of 6.6 million. especially, electric auto deals nearly tripled to 3.3 million in China in 2021, accounting for about half of the global aggregate. thus, the adding demand for electric vehicles is anticipated to be a crucial motorist of the semiconductor ministry request’s growth. The semiconductor ministry request is also anticipated to profit from the rising demand for renewable electricity. Semiconductor manufacturing processes are energy-ferocious, and the use of renewable electricity sources can significantly reduce the carbon footmark of semiconductor fabs. These sources give clean and sustainable energy, helping semiconductor companies meet environmental pretensions while lowering energy costs. The force chain issues are posing challenges to the semiconductor ministry request’s growth during the cast period. These issues relate to unanticipated dislocations in the force chain network, performing in longer lead times for carrying necessary factors and accouterments.
Extended lead times can lead to product detainments, making it challenging for manufacturers to fulfill orders in a timely manner, potentially causing client dissatisfaction and missed openings. For cases, businesses reported detainments in manufacturing and force services, profit declines, and client losses in colorful cases. Given this situation, about 23 of the companies believe force chain problems will persist into the summer of 2023. As a result, force chain issues are hindering the growth of the semiconductor ministry request. Major companies operating in the semiconductor ministry request are fastening on invention, introducing new technological products similar to semiconductor wafer transfer robots to enhance profitability. These robots are designed to automate the movement of wafers between cassettes, boats, and process outfits, specifically for semiconductor assiduity. For illustration, Nidec Sankyo Corporation launched a new semiconductor wafer transfer robot with the capability to switch between four cassettes, potentially perfecting semiconductor product effectiveness. The report covers request characteristics, size and growth, segmentation, indigenous and country breakdowns, competitive geography, request shares, trends, and strategies for this request. It traces the request’s major and forecast request growth by terrain.
