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The Semiconductor Wafer Inspection Equipment Market will register a CAGR of more than 6% by 2023
LONDON, Jan. 3, 2019 /PRNewswire/ -- About this market
The growing investments in lower technology node to drive growth in the market. Semiconductor industries and IDMs are investing heavily on R&D to identify new technologies that can support the production of smaller process nodes. Technavio's analysts have predicted that the semiconductor wafer inspection equipment market will register a CAGR of more than 6% by 2023.
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Market Overview
Increasing number of data centers
With an increasing number of data centers, there has been a rising demand for semiconductor components. Semiconductors are an integral part of data centers, which have thousands of servers and each server runs with the help of semiconductor ICs.
Complexity of technological transitions
A major challenge hindering growth of the global semiconductor wafer inspection equipment market is the complexity of technological transitions that are occurring acrss the semiconductor industry.
For the detailed list of factors that will drive and challenge the growth of the semiconductor wafer inspection equipment market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Applied Materials and ASML the competitive environment is quite intense. Factors such as the growing investments in lower technology node and the increasing number of data centers, will provide considerable growth opportunities to semiconductor wafer inspection equipment manufactures. Applied Materials, ASML, Hitachi High-Technologies, KLA-Tencor, and Rudolph Technologies are some of the major companies covered in this report.
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