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Semiconductor Assembly And Packaging Equipment Market Overview: Major Drivers, Top Players, And Strategies - By The Business Research CompanyThe Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 LONDON, March 16, 2023 /PRNewswire/ -- As per The Business Research Company's Semiconductor Assembly And Packaging Equipment Global Market 2023, the global semiconductor assembly and packaging equipment market size will grow from $10.4 billion in 2022 to $11.8 billion in 2023 at a compound annual growth rate (CAGR) of more than 13%. The global semiconductor assembly and packaging equipment market size is then expected to grow to $18.7 billion in 2027 at a CAGR of more than 12%.  The rise in demand for electric vehicles (EVs) across the world will contribute to the growth of the semiconductor assembly and packaging equipment market in the forecast period. Semiconductors are the most important part of electric vehicles. In September 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, electric vehicle (EV) sales doubled from the previous year in 2021, reaching a new high of 6.6 million unit sales. Additionally, the sales of electric cars worldwide in 2021 had a sales share of 4%. Therefore, the rise in demand for EVs will increase the demand for semiconductors, thereby contributing to the semiconductor assembly and packaging equipment market growth in the forecast period. Learn More On The Semiconductor Assembly And Packaging Equipment Market Report – https://www.thebusinessresearchcompany.com/report/semiconductor-assembly-and-packaging-equipment-global-market-report Companies in the semiconductor assembly and packaging equipment market are focusing on innovating new products with advanced semiconductor packaging techniques. For instance, in September 2020, KLA corporation, a US-based semiconductor manufacturing company, launched new advanced semiconductor packaging techniques, thereby enhancing its systems portfolio for advanced packaging with the launch of the new tools. These advanced tools include the Kronos 1190 wafer-level packaging inspection system, the ICOS F160XP, and the ICOS T3/T7 Series. Furthermore, semiconductor assembly and packaging equipment market companies are forming partnerships to develop new products. For instance, in Request A Free Sample Of The Semiconductor Assembly And Packaging Equipment Market Report – https://www.thebusinessresearchcompany.com/sample.aspx?id=3687&type=smp The global semiconductor assembly and packaging equipment market is segmented - 1) By Type: Plating Equipment, Inspection and Dicing Equipment, Wire Bonding Equipment, Die-Bonding Equipment 2) By Application: Consumer Electronics, Healthcare Devices, Automotive, Enterprise Storage, Other Applications 3) By End-User: OSATs, IDMs According to semiconductor assembly and packaging equipment market analysis, popular market-trend-based strategies that companies in the semiconductor assembly and packaging equipment market can take up include focus on the launch of new semiconductor inspection machines using big data and AI (artificial intelligence), focus on introducing compound semiconductor equipment to strengthen the wet process product line, focus on seeking investment and partnerships to develop new products. View More Similar Market Reports: Semiconductor And Related Devices Global Market Report 2023 Semiconductor And Other Electronic Component Global Market Report 2023 Semiconductor Machinery Global Market Report 2023 https://www.thebusinessresearchcompany.com/report/semiconductor-machinery-global-market-report Interested to know more about The Business Research Company? The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The World's Most Comprehensive Database The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions. Contact Information The Business Research Company Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
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