Semiconductor manufacturing equipment market to cross $153.1 Billion by 2028

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The Global Semiconductor Manufacturing Equipment Market finds that the increasing semiconductor industry is expediting market growth. Primarily driven by growing usage of semiconductor in a variety of applications, such as automobiles and smart devices, the total Global Semiconductor Manufacturing Equipment Market is estimated to reach $153.1 Billion by the year 2028, as per the report from vantage market Research. The Global Semiconductor Manufacturing Equipment Market revenue stood at a value $94.9 Billion in the year 2021 and is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 8.3%. Asia Pacific is projected to dominate the worldwide Semiconductor Manufacturing Equipment market. Furthermore, the growing government initiatives are also anticipated to augment the growth of the Global Semiconductor Manufacturing Equipment Market. The increasing semiconductor industry is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market within the estimated period. The global semiconductor industry was valued at $553 billion in 2021, up from $440 billion in 2020, an increase of over 25%.

Further, as per Semiconductor Industry Association (SIA), 2021, the computing and communication are about equal in size and comprise the major end uses of semiconductors, representing over 60% of global market value and the industrial and automotive uses comprised 12% and 11.4% respectively of the global market value. The increasing usage of semiconductor in a variety of applications, such as automobiles and smart devices is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market in the years to come. A normal vehicle, for example, has approximately USD 330 in semiconductor value, but a hybrid electric vehicle with a fully integrated sensor platform encloses between USD 1000 and 3500 in semiconductor value. As a result, the demand for semiconductor manufacturing equipment is anticipated to grow due to risi.

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    The Global Semiconductor Manufacturing Equipment Market finds that the increasing semiconductor industry is expediting market growth. Primarily driven by growing usage of semiconductor in a variety of applications, such as automobiles and smart devices, the total Global Semiconductor Manufacturing Equipment Market is estimated to reach $153.1 Billion by the year 2028, as per the report from vantage market Research. The Global Semiconductor Manufacturing Equipment Market revenue stood at a value $94.9 Billion in the year 2021 and is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 8.3%. Asia Pacific is projected to dominate the worldwide Semiconductor Manufacturing Equipment market. Furthermore, the growing government initiatives are also anticipated to augment the growth of the Global Semiconductor Manufacturing Equipment Market. The increasing semiconductor industry is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market within the estimated period. The global semiconductor industry was valued at $553 billion in 2021, up from $440 billion in 2020, an increase of over 25%.

    Further, as per Semiconductor Industry Association (SIA), 2021, the computing and communication are about equal in size and comprise the major end uses of semiconductors, representing over 60% of global market value and the industrial and automotive uses comprised 12% and 11.4% respectively of the global market value. The increasing usage of semiconductor in a variety of applications, such as automobiles and smart devices is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market in the years to come. A normal vehicle, for example, has approximately USD 330 in semiconductor value, but a hybrid electric vehicle with a fully integrated sensor platform encloses between USD 1000 and 3500 in semiconductor value. As a result, the demand for semiconductor manufacturing equipment is anticipated to grow due to risi

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    Annual chip sales to reach all-time highs in 2021

    The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors were $48.8 billion in October 2021, an increase of 24.0% from the October 2020 total of $39.4 billion and 1.1% more than the September 2021 total of $48.3 billion. Growth is driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points, with increased memory pricing. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will increase 25.6% in 2021 and 8.8% in 2022. SIA represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Global semiconductor demand remained high in October, with year-to-year sales increasing substantially across all major regional markets,” said John Neuffer, SIA president and CEO. “Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022.

    Additionally, SIA endorsed the WSTS Fall 2021 global semiconductor sales forecast, which projects the industry’s worldwide sales will be $553.0 billion in 2021, a 25.6% increase from the 2020 sales total of $440.4 billion. WSTS projects year-to-year increases in Asia Pacific (26.7%), Europe (25.6%), the United States (24.6%), and Japan (19.5%). In 2022, the global market is projected to post moderate growth of 8.8% to reach $601.5 billion in annual sales. WSTS tabulates its semi-annual industry forecast by gathering inputs from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends. According to IDC, 5G semiconductor revenues will increase by 128%, with total mobile phone semiconductors expected to grow by 28.5%. Game

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    The government has launched several initiatives to promote semiconductor manufacturing and attract investments in the sector. The 'Make in India' campaign, introduced to boost domestic manufacturing across various industries, has a specific focus on electronics and semiconductors. Additionally, the government's National Policy on Electronics aims to make India a global hub for electronics manufacturing, including semiconductors.

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