The growth Semiconductor Manufacturing Equipment Market explained

The most exciting is to see that, the key factors driving the growth of the market include progress in research and development (R&D) facilities, increasing demand for electrical and hybrid vehicles, growing consumer electronic market, and increase in the number of foundries.

However, the high cost and maintenance of the equipment and complexity of pattern and functional defects in manufacturing processes are inhibiting the growth of this market.

According to Research and Markets, the semiconductor manufacturing equipment market is projected to reach USD 62.56 billion by 2023 and is likely to grow at a CAGR of 6.86% between 2017 and 2023.