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Semiconductor OHT (Overhead Hoist Transport) Market Size to Grow USD 1246.2 Million by 2029 at a CAGR of 9.6% | Valuates Reports

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BANGALORE, India, July 17, 2024 /PRNewswire/ — Semiconductor OHT Market is Segmented by Type (within 20 Meters, 20-40 Meters), by Application (200mm Wafer Factory, 300mm Wafer Factory, 450mm Wafer Factory): Global Opportunity Analysis and Industry Forecast, 2024-2029.

Global Semiconductor OHT (Overhead Hoist Transport) Market is expected to reach USD 719 Million in 2023, with a positive growth of %, compared with USD 669 Million in 2022. Backed with the increasing demand from downstream industries, Semiconductor OHT (Overhead Hoist Transport) industry is estimated to reach USD 1246.2 Million in 2029. The CAGR will be 9.6% during 2023 to 2029.

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Major Factors Driving the Growth of Semiconductor OHT Market:

The semiconductor Overhead Hoist Transport (OHT) market is experiencing significant growth due to the increasing demand for efficient and automated material handling systems in semiconductor manufacturing. OHT systems are critical in semiconductor fabs for moving wafers and materials seamlessly between different process stages.

The growing complexity and miniaturization of semiconductor devices necessitate highly precise and reliable transport systems to maintain production efficiency and yield. Additionally, the push towards smart manufacturing and Industry 4.0 integration drives the adoption of advanced OHT solutions equipped with IoT and AI capabilities for real-time monitoring and optimization. As semiconductor manufacturers strive to enhance productivity and reduce operational costs, the demand for sophisticated OHT systems continues to rise, bolstering market expansion.

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TRENDS INFLUENCING THE GROWTH OF THE SEMICONDUCTOR OHT MARKET:

The expansion of the Semiconductor OHT market is being driven by the adoption of Within 20 Meters Semiconductor Overhead Hoist Transport (OHT) systems in 300mm wafer facilities. These systems improve the accuracy and efficiency of material handling procedures in small, tightly packed manufacturing settings. Wafers may be transported between processing equipment quickly and reliably with the help of these short-distance OHT systems, which also minimize delays and lower the possibility of contamination or damage. The strict quality and productivity criteria needed for 300mm wafer fabrication depend heavily on the high throughput and operating flexibility offered by these technologies. As a result, as semiconductor manufacturers look to streamline their processes and boost output, the use of within 20 meters OHT systems is spreading and driving the market’s expansion.

By improving the efficiency and accuracy of material handling procedures in small, closely spaced manufacturing settings, the usage of Within 20 Meters Semiconductor Overhead Hoist Transport (OHT) systems in 300mm wafer manufacturers is propelling the growth of the Semiconductor OHT market. By facilitating the quick and dependable transfer of wafers between processing apparatus, these short-distance OHT systems save downtime and lower the possibility of contamination or damage. These systems’ high throughput and operating flexibility are essential for upholding the exacting productivity and quality requirements needed in the 300mm wafer fabrication process. Because semiconductor firms want to boost output and streamline processes in order to drive market expansion, there is a growing trend toward the deployment of within 20 meters OHT systems.

The market for semiconductor overhead hoist transport (OHT) is expanding due to the increasing use of 20-40 meters systems, which provide medium-sized semiconductor production facilities with an efficient wafer transport solution by balancing speed and distance. In order to connect multiple process regions inside the fab and ensure the smooth and timely supply of wafers to various stages of production, these mid-range OHT systems are crucial. These systems aid in the reduction of bottlenecks and enhancement of overall manufacturing efficiency by optimizing the flow of materials over modest distances. Because of its adaptability and scalability, 20–40 meters OHT systems are essential to the modernization and growth of semiconductor fabs, which in turn drives considerable market increase.

The ongoing usage and modernization of 200mm wafer facilities is a major element driving the growth of the Semiconductor Overhead Hoist Transport (OHT) industry. In order to improve their production procedures and maintain their competitiveness, these older but still operating fabs are progressively implementing OHT systems. In 200mm wafer facilities, OHT implementation enhances automation, lowers mistakes in human handling, and boosts throughput. The continued need for semiconductors in a variety of sectors makes it imperative to preserve and maximize the output of the 200mm fabs that are currently in place. As a result, these manufacturers are investing more in OHT systems, which helps the Semiconductor OHT market develop by prolonging the life and productivity of already-established production facilities.

The Semiconductor OHT market is expanding as a result of the continual shrinking and rising complexity of semiconductor devices, which call for sophisticated and accurate material handling solutions. Wafer transportation must be free of contamination and damage as semiconductor components get smaller and more complex. OHT systems offer the safe handling conditions needed for these fragile wafers. Furthermore, very accurate and dependable material handling systems are required due to the complexity of today’s semiconductor production processes, which include several delicate phases and tight integration. OHT systems’ capacity to satisfy these demanding specifications establishes them as crucial elements in contemporary fabs, fostering industry expansion.

One of the main factors propelling the semiconductor OHT market is the move toward more automation in semiconductor production. By reducing the need for manual labor, automation improves process accuracy and uniformity while reducing the possibility of human mistake. OHT systems are essential to this automation because they offer effective, automated material handling solutions that work in unison with other automated operations in the fabrication facility. To ensure high throughput and efficiency, wafers must be transported between stages of manufacturing properly and rapidly. OHT system use is anticipated to increase, supporting market expansion, as the semiconductor sector continues to embrace automation in order to remain competitive.

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SEMICONDUCTOR OHT MARKET SHARE:

Some of the leading companies in Semiconductor OHT (Overhead Hoist Transport) include Shinsung E&G, SMCore, DAIFUKU, Murata Machinery, and SYNUS Tech.

About 80% of the market is currently held by Single Track OHT; in the upcoming years, Double Track OHT will expand at a quicker rate.

Because of its thriving semiconductor manufacturing sector, North America is a major player in the semiconductor OHT market. The US and Canada are home to some of the world’s top semiconductor businesses, and their vast R&D efforts fuel the need for sophisticated OHT systems. The market is further propelled by North America’s emphasis on automation and the uptake of Industry 4.0 technology. The OHT market is expanding because of the region’s well-established infrastructure and ongoing expenditures in modernizing industrial facilities.

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Murata MachinerySMCoreZenixSYNUS TechShinsung E&GSiasun RoboticsSeen BnTek

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–  The global Diamond-based Semiconductors market was valued at USD 53 Million in 2023 and is anticipated to reach USD 139.1 Million by 2030, witnessing a CAGR of 14.6% during the forecast period 2024-2030.

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–  The semiconductor foundry market was valued at D106.94 billion in 2022, and is estimated to reach D231.5 billion by 2032, growing at a CAGR of 8.1% from 2023 to 2032.

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–  Semiconductor Advanced Packaging market was valued at USD 15670 Million in 2023 and is anticipated to reach USD 26270 Million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

–  Semiconductor Stocker Market

–  Semiconductor Pellicle market is projected to reach USD 1998.1 Million in 2029, increasing from USD 1209 Million in 2022, with a CAGR of 7.1% during the period of 2023 to 2029.

–  Semiconductor Remanufactured Equipment market was valued at USD 5853 Million in 2023 and is anticipated to reach USD 10720 Million by 2030, witnessing a CAGR of 9.0% during the forecast period 2024-2030.

–  Semiconductor Wafer Mounting Machine Market revenue was USD 113 Million in 2022 and is forecast to a readjusted size of USD 191.1 Million by 2029 with a CAGR of 7.7% during the forecast period (2023-2029).

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–  Semiconductor Memory Market revenue was USD 142800 Million in 2022 and is forecast to a readjusted size of USD 361050 Million by 2029 with a CAGR of 14.0% during the forecast period (2023-2029).

–  Semiconductor Radiation Detector Market revenue was USD 345.2 Million in 2022 and is forecast to a readjusted size of USD 487.5 Million by 2029 with a CAGR of 5.2% during the forecast period (2023-2029).

–  Semiconductor Silicon Wafer Market revenue was USD 10990 Million in 2022 and is forecast to a readjusted size of USD 14510 Million by 2029 with a CAGR of 4.0% during the forecast period (2023-2029).

–  Semiconductor Liquid Filter market was valued at USD 490.9 Million in 2023 and is anticipated to reach USD 866.8 Million by 2030, witnessing a CAGR of 8.8% during the forecast period 2024-2030.

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–  Semiconductor CMP Machine market was valued at USD 2855 Million in 2023 and is anticipated to reach USD 6170.1 Million by 2030, witnessing a CAGR of 11.5% during the forecast period 2024-2030.

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Technology

RHEI Unveils Data Monetization Platform, Activating Over $35 Million to Help Creators Unlock the Value of Their Existing Content

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VANCOUVER, BC and LAS VEGAS, Jan. 9, 2025 /PRNewswire/ – RHEI, a global leader in content distribution and marketing for the creator economy, today announced the launch of RHEI Data Pro, a first-of-its-kind Data Monetization Platform designed to enable creators and content owners to earn revenue from their extensive libraries of content. Launched with over $35 million activated in partnership with numerous mega platforms, RHEI Data Pro enables partners to license their existing content for training next-generation foundational models. The solution underscores RHEI’s commitment to supporting growth for creators and content owners, ensuring they are fairly compensated when their content is being leveraged for training purposes.

“RHEI is committed to ensuring that creators are empowered to actively take part in the evolution of AI by ensuring they are fairly compensated when their content and data fuel innovation,” said Shahrzad Rafati, CEO of RHEI. “The increasing symbiosis between AI and human creativity is very exciting, and we developed RHEI Data Pro to create new revenue pathways for creators based on the years of work they’ve already put into their craft. Our vision is for creators to be recognized at the forefront of this transformation, not just as participants but as invaluable contributors to the Augmented Creativity Era.”

RHEI Data Pro offers creators and content owners a seamless and flexible way to monetize their extensive video libraries while retaining full ownership rights. For every 1,000 hours of licensed content, they stand to earn up to $100,000 from multiple licensing transactions — providing an opportunity to unlock meaningful revenue from content already in their portfolio. This ensures creators and content owners can participate in the growing demand for high-value, diverse content in multiple languages, which plays a pivotal role in training foundational models.

“Data is no longer just the foundation of the solutions we build; it is a pivotal driver of growth and innovation for our company and our partners,” said Lewis Ball, Chief Strategy and Product Officer at RHEI. “With RHEI Data Pro, we are redefining the role of data—transforming it into a lucrative revenue stream for creators and content owners. This platform not only empowers them to monetize their content in innovative ways but also underscores our commitment to leveraging data as a strategic asset that delivers long-term value for all stakeholders.”

The licensing process has been designed to be as seamless as possible. RHEI manages all aspects of data preparation and augmentation, ensuring content meets the requirements of major technology companies and integrating accompanying metadata to enhance data value. The flexible, per-hour pricing model ensures that creators are compensated fairly, based on the unique value of each video.

About RHEI
RHEI’s mission is to redefine content distribution and marketing in the creator economy to empower human creativity, with a focus on pioneering personalized, effective, and intelligent AI solutions. RHEI is headquartered in Vancouver, Canada, reaching a global audience of 600 million unique monthly viewers across 150 countries. www.rhei.com

Media Contact:
pr@rhei.com

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SOURCE RHEI Creations Corp.

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ASEA unveils vision for the future as it enters its 15th year of innovation, growth, and dedication to direct sales

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ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

PLEASANT GROVE, Utah, Jan. 9, 2025 /PRNewswire-PRWeb/ — ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

This vision was shared earlier today at its Pleasant Grove headquarters during an exclusive invitation-only event with the company’s top associate leaders from around the world.

“Fifteen years of success is not merely a celebration of the past, but a launchpad for the future,” Norton stated. “Yes, we’ve built a strong, stable foundation. But by embracing both the heart and the opportunities of a start-up—along with Jarom’s energetic and strategic leadership—we are poised to propel ASEA into a new era of growth and innovation.”

Fully open and operating in 34 countries, ASEA’s global presence underscores the power of a principles-based direct-selling model that has proven resilient amid industry challenges. The company remains deeply committed to the direct sales distribution channel and the long-term, legacy success of its associates across the world.

Webb, who is a founding executive of ASEA and has held various leadership roles ranging from CFO to president since the company’s inception, stepped into the role of CEO in November. Earlier today, he expressed excitement about the opportunities ahead.

“Today, more than ever,” Webb emphasized, “we are extraordinarily well-positioned to elevate our founding vision of bringing our life-changing products, financial opportunity, and culture to the world—and to do that through you and through a channel I’ve been part of and have loved for more 25 years.”

ASEA’s journey reflects a commitment to consistent growth, grounded in a culture that values stability as a driver for transformation. With a 15-year track record of profitability, no long-term debt, and a privately held, founder-controlled structure, ASEA is prepared to seize new opportunities.

“At ASEA, stability is foundational to our mission,” Webb remarked. “Looking to 2025 and beyond, we will not only maintain our success but amplify it. We have tremendous financial flexibility and scalability to make investments in our field, to further strengthen both our products and our systems, and to capitalize on future global opportunities.

Norton further underscored, “We are catalysts for change—not just in our business but in the lives of our associates, customers, and communities. We are poised to inspire transformation for everyone connected to ASEA.”

ASEA, a global leader in redox technology, is pioneering cellular health products through a principles-based, direct-selling business model. ASEA offers first-to-market revolutionary redox signaling molecule products, helping your cells work together as they’re meant to do. Our redox technology supports the body’s natural cellular renewal and communication and signals the regulation of genetic pathways. ASEA redox products power the potential of your cells, body, and life to help you feel your best.* Founded in 2010, ASEA currently operates in 34 international markets. For more information about ASEA® products or the accompanying business opportunity, visit aseaglobal.com. ASEA: We power potential™

*These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. This material is intended for a US audience only.

Media Contact

Robb Bruce, ASEA LLC, 1 7275438215, rbruce@aseaglobal.com, aseaglobal.com

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SOURCE ASEA LLC

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Virtual Reality (VR) Market , 33% of Growth to Originate from North America, Technavio

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — The global virtual reality (VR) market size is estimated to grow by USD 133.17 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 38% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

End-user (Enterprise and Consumer), Component (Hardware and Software), Geography (North America, APAC, Europe, Middle East and Africa, and South America), Device, technology, application.

Key Companies Covered

3D Systems Corp., Acer Inc., Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Baidu Inc., DPVR, FOVE Inc., HTC Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp, Osso VR Inc., Pico Technology Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unity Technologies Inc., Valve Corp., Varjo Technologies Oy, Virtuix Inc, Barco NV; CyberGlove Systems, Inc, Sensics, Inc.; Sixense Enterprises, Inc. (Penumbra, Inc.); Ultraleap Ltd

Regions Covered

North America, APAC, Europe, Middle East and Africa, and South America

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 33%. To the growth of the global market. The Virtual Reality (VR) Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The North American virtual reality market is experiencing significant growth due to several key factors. Major vendors such as Alphabet, Facebook Inc., and Microsoft Corp. Have established a strong presence in the region and are heavily investing in virtual reality technology. Consumers are increasingly adopting technologically advanced applications, driving market expansion. Additionally, substantial research activities aim to broaden the scope of virtual reality technologies. The US and Canada are the leading contributors to the regional market, making North America a significant market for virtual reality technology.

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Segmentation Overview

End-user 1.1 Enterprise1.2 ConsumerComponent 2.1 Hardware2.2 SoftwareGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South AmericaCountry 4.1 Mexico4.2 Italy4.3 India4.4 Argentina4.5 South AfricaDeviceTechnologyApplication

1.1 Fastest growing segment:

Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment, presented to users in a way that they perceive it as real. VR does not interact with the physical world. Instead, it creates a new experience, often through the use of a headset. Advancements in VR hardware, such as new headset launches, are driving user adoption in industries like gaming, entertainment, retail, sports, travel, and healthcare. In healthcare, VR is used for disease diagnosis and therapy. For instance, doctors at George Washington University Hospital used VR technology to detect healthy and COVID-19-infected tissues. Oxford VR launched a VR-based therapy for social anxiety. However, the rise of augmented reality (AR) technology may hinder VR growth. Yet, the demand for remote working applications, OTT platforms, and online shopping increased due to the pandemic, driving the need for faster networks and digital solutions among enterprises. This trend is expected to fuel VR market growth during the forecast period.

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Research Analysis

Virtual Reality (VR) technology is revolutionizing various industries by providing experiences through VR headsets. In healthcare, VR is used for therapy and training, benefiting patients and technicians alike. In gaming and entertainment, VR glasses transport users to 3D virtual worlds, offering unprecedented immersion. VR gloves and bodysuits add an extra layer of interaction, allowing users to feel and move in the virtual environment. Instructional training in industries like defense and automotive uses VR for simulation, enhancing learning and reducing risks. Virtual platforms in the hardware segment power these experiences, while software segment offers AI applications and the metaverse for social interaction. PropVR and REAL System are leading VR technology providers. VR content creation tools enable users to build their virtual tours, virtual classrooms, and VR arcades. VR fitness and therapy applications offer health benefits, while VR therapy is transforming rehabilitation. Augmented reality (AR) complements VR, merging virtual and real worlds. Virtual reality is set to transform education, entertainment, and industries, offering endless possibilities.

Market Overview

The Virtual Reality (VR) market is revolutionizing various sectors, including Architecture and Planning, with 3D models and virtual walkthroughs. In the segment, VR technology is used for instructional training in sectors like Aviation for pilots and Defense personnel, as well as for Technicians in healthcare, automotive, and other organizations. VR technology is also being explored for addressing mental health issues, creating virtual platforms for meetings, and implementing policies & strategies. Event organizers are leveraging VR for live virtual entertainment, while VR simulators offer exciting experiences in gaming, entertainment, and virtual theme parks. The Hardware segment includes VR headsets, glasses, gloves, and bodysuits, with advancements in AI applications and the Metaverse shaping the future of VR. Companies are also developing VR content creation tools, collaboration tools, virtual classrooms, and VR arcades for fitness and therapy. Amidst the coronavirus outbreak and pandemic crisis, VR is becoming increasingly important for remote work and social interaction. Additionally, AR technology and virtual tours are complementing VR in various applications.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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