Semiconductor production equipment is a complex manufacturing process in the production of semiconductor devices. This semiconductor products including memory devices and microprocessors used for the devices namely, personal computers, consumer electronics and telecommunications equipment. As per the regional analysis, Japan is leading country in 2017 with the billing of USD $ 1.25 billion followed by North America and Europe.
The overall semiconductor manufacturing equipment market is expected to grow from USD 42.03 billion in 2017 to USD 62.56 billion by 2023 at a CAGR of 6.86%. Progress in research and development facilities, increasing demand for electric and hybrid vehicles, growing consumer electronics market and increasing in the number of foundries are the key factors driving the growth of semiconductor manufacturing equipment market.
