The global market for semiconductor robots is anticipated to be worth US$ 1.1 billion in 2023 and to grow at a CAGR of 17.5% to US$ 5.6 billion by the end of the forecast period.
Due to their wide range of uses in consumer electronics, automobiles, medical devices, and other products, semiconductors are in high demand worldwide. To meet this demand, semiconductor manufacturers are increasing their production capacity and implementing semiconductor robots for a better result.
“Surge in Semiconductor Demand to Support Sales of Semiconductor Robots”
The automotive, medical, electronic, and aerospace industries have consistently forecasted a healthy CAGR of over 5.0%, and it is anticipated that they will continue to do so during the forecast period. Due to this, there is now a significant demand for semiconductors, which are widely used for a variety of purposes including blood pressure monitors, magnetic resource imaging, and navigation control.
Why is the US market forecasting a high demand for robots that use semiconductors?
By the end of the forecast period, it is expected that the US semiconductor robot will have grown at a CAGR of 18.2% and be worth US$ 817.9 million.
Since the US has a strong economy and is expected to have a high demand for consumer electronics as well as massive data centres to store enormous amounts of data, which require semiconductors, the US is investing in semiconductor manufacturing, which opens the door for semiconductor robots.
Market Titans Key Strategies
Prominent semiconductor robot manufacturers are Samsun Electronics, Intel, SK Hynix, Qualcomm, Broadcom, Micron, Texas Instrument, Microchip, STMicroelectronics, NXP Semiconductors, and other players.
Manufacturers are focused on expanding their territories across emerging nations to gain high-profit margins. Hence, acquisition and collaboration are preferred strategies for the market titans willing to expand their business.
Companies in the semiconductor robot market are dedicated to providing after-sale robot services, and technical assistance to maintain a good relationship with semiconductors manufacturers.
Fact.MR has provided detailed information about the price points of key manufacturers of semiconductor robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
These insights are based on a report on Semiconductor Robot Market by Fact.MR.