Tag: forecast
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Semiconductor robot market set to grow to more than $1 billion
The global market for semiconductor robots is anticipated to be worth $1.1 billion in 2023 and to grow at a CAGR of 17.5 percent to $5.6 billion by the end of the forecast period, according to Fact.MR. Due to their wide range of uses in consumer electronics, automobiles, medical devices, and other products, semiconductors are…
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Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022
Global fabrication equipment spending for front-end facilities is expected to increase approximately 9 percent year-over-year to a new “all-time high” of $99 billion in 2022, according to SEMI. The industry association revealed its prediction in its latest quarterly World Fab Forecast report. The report also shows the global fab equipment industry increasing capacity this year…
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Global spending on semiconductor fabrication equipment expected to reach record $109 billion
Global fab equipment spending for front-end facilities is expected to increase 20 percent year-over-year to an all-time high of $109 billion in 2022, marking a third consecutive year of growth following a 42 percent surge in 2021. This is according to industry association SEMI, which published the figure in its latest quarterly World Fab Forecast…
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Spending on semiconductor fabrication equipment expected to reach record $107 billion in 2022
Global fab equipment spending for front-end facilities is expected to jump 18 percent year-over-year to an all-time high of $107 billion in 2022, marking a third consecutive year of growth following a 42 percent surge in 2021, according to a report by industry association SEMI. Ajit Manocha, president and CEO of SEMI, says: “Crossing the…
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Retail robots market expected to reach $55.8 billion by 2028
The global market for retail robots was valued at $7.1 billion in 2020 and is expected to surpass $55.8 billion by 2028, registering an annual growth rate of 30.1 percent during the forecast period (2021-2028), according to Coherent Market Insights. Retail service robots bring the intelligence of big-data knowledge of consumers to provide useful and…
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Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028
The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights. The ongoing advancement in technologies is propelling the…
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Intralogistics market forecast to grow at 15 percent a year
The global intralogistics market is expected to surge at a compound annual growth rate of 15.5 percent from 2020 to 2030, according to FactMR.com., which would provide more opportunities for automated guided vehicle and autonomous mobile robot suppliers. The market burgeoned at a spritely rate of 14.3 percent over the last five years owing to…
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Global service robots market forecast to reach $110 billion by 2027
The global professional service robots market is expected to be valued at $109.91 billion by the end of 2027, growing at an annual rate of 24.5 percent from 2020 to 2027, as highlighted in a report published by Coherent Market Insights. Rising funding for research and development in robotics is expected to drive growth of…
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Automated trucks market offers ‘lucrative opportunities’ as investment in automation grows
The innovation in automated trucks has made it possible to transport goods and materials without manual support, according to a new report by Fact.mr. The market itself offers “lucrative opportunities” to companies. The technology is hailed by the automotive sector since it has helped them in significantly curbing the risk of accidents caused due to…
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Spending on chip manufacturing equipment to reach record high of $70 billion in 2021
Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020, compared to $59.6 billion in 2019, before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, according to industry association SEMI. The group revealed the figures is its…