Semiconductors are the backbone of modern technology, powering everything from smartphones and computers to autonomous vehicles and IoT devices. The production of semiconductors involves highly precise and complex processes, requiring advanced manufacturing equipment to ensure quality, efficiency, and miniaturization of chips.

Market Growth and Industry Trends
Expanding Market (2024-2032): The demand for semiconductor production equipment is increasing due to AI, 5G, automotive electronics, and high-performance computing.

CAGR: The market is expected to grow at a strong CAGR, fueled by advancements in EUV lithography, chiplet technology, and automation.