Semiconductor Chip Handler Market Soars with 10.9% CAGR (2024-2030) as IoT and Automotive Demand Surge | Valuates Reports | PR Newswire [Video]

, /PRNewswire/ — Semiconductor Chip Handler Market is Segmented by Type (Pick-and-Place Handlers, Turret Handlers, Gravity Handlers), by Application (OSATs, IDMs): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Semiconductor Chip Handler Market was valued at USD 886 Million in 2023 and is anticipated to reach USD 1843.2 Million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Semiconductor Chip Handler Market:

The semiconductor chip handler market is growing rapidly, driven by the increasing demand for consumer electronics, automotive applications, and IoT devices. Key factors include advancements in chip handling technologies, rising investments in semiconductor manufacturing, and the adoption of advanced packaging techniques.

As the semiconductor industry evolves to meet the needs of emerging technologies like 5G and AI, the demand for high-performance chip handlers is expected to grow steadily, driving market expansion.

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TRENDS INFLUENCING THE GROWTH OF THE SEMICONDUCTOR CHIP HANDLER MARKET:

Pick-and-place handlers are critical …