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Semiconductor Manufacturing Equipment Market size crossed USD 100 billion in 2022 and is anticipated to exhibit over 5% CAGR from 2023 to 2032. A surge in investments across advanced mobility solutions will impel the market demand.
New trends in the automotive sector such as electric and hybrid mobility, AI-based automotive systems, and shared mobility are proliferating the demand for high-performance semiconductors, sensors, and microcontrollers. Growing consumer interest in electric vehicles will pave the way for a massive chip production volume, thus consolidating the industry value.