Global Semiconductor Metrology and Inspection Equipment Market is expected to reach approximately US$ 15 billion by 2028: Ken Research
What Is the Size of Global Semiconductor Metrology & Inspection Equipment Industry?
Global Semiconductor Metrology & Inspection Equipment market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Semiconductor Metrology & Inspection Equipment Market is largely driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally.
Due to the increase in the number of smartphones and also due to the miniaturization of gadgets the proper inspection of the semiconductor manufacturing is important so that it does not cause any malfunction which results in a short circuit and damages the product. The challenge faced by the global semiconductor metrology and inspection equipment market is the high dependence of countries like the USA on China for semiconductor parts. On the other hand, high investments and maintenance expenses and the complications of structure and functional defects in manufacturing procedures are expected to obstruct the market growth.
COVID-19 heavily affected the global semiconductor metrology and inspection equipment market. Manufacturing sectors suffered severe losses due to factory shutdowns and fewer production volumes which prevented the growth of the automotive, electronics & semiconductor markets.
Global Semiconductor Metrology & Inspection Equipment Market By Type
The Global Semiconductor Metrology & Inspection Equipment market is segmented by type into Lithography Metrology, Wafer Inspection, Thin Film Metrology and Other Process Control Systems. The lithography metrology type segment held the largest market share in the Global Semiconductor Metrology and Inspection Equipment Market in 2022.
With nonstop transitions, such as the miniaturization of nodes and wafer sizes, the growth in demand for accelerating wafer sizes for ultra-large-scale integration fabrication technology has fostered the growth of lithography metrology equipment.
Global Semiconductor Metrology & Inspection Equipment Market By Organization Size
The Global Semiconductor Metrology & Inspection Equipment market is segmented by Organization Size into Large Enterprises and Small Enterprises. The large enterprise segment held the largest share of the Global Semiconductor Metrology and Inspection Equipment Market in 2022.
Large enterprises are generally the major end-user of the market. This comprises foundries, similar to TSMC and Global Foundry, and integrated device manufacturers, similar to Intel Corporation and Samsung which play a major part in the growth of this segment.
Global Semiconductor Metrology & Inspection Equipment Market By Geography
The Global Semiconductor Metrology & Inspection Equipment market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 within the total Global Semiconductor Metrology and Inspection Equipment Market.
The Asia Pacific is one of the prominent regions for the semiconductor industry regarding manufacturing and application. According to the Secretariat of Industrial Approvals (SIA), Asia Pacific is the largest indigenous semiconductor market, and China is the largest single-country market.
Additionally, in the region, the trend toward multiple-layer measurement is expanding due to the use of cluster deposition systems, where the lack of reality of single-layer measurement is driving the demand. Also, the fab manufacturers are shifting process monitors from bare wafers to production wafers due to the high cost and inspection challenges faced by the miniaturization of wafers.
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Competition Scenario In Global Semiconductor Metrology & Inspection Equipment Market
The global semiconductor metrology and inspection equipment market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players. Country-Niche players comprise the highest share of 50% total competitors which is followed by the regional players holding a 35% share. Some of the major players in the market include KLA Corporation, Applied Materials Inc., Onto Innovation Inc. Thermo Fisher Scientific Inc., Hitachi High-Tech Corporation, Nova Ltd., ASML Holding NV, Lasertec Corporation., JEOL Ltd.., Nikon Metrology NV, Camtek Limited., Unity Semiconductor SAS, and others.
What Is the Expected Future Outlook for the Overall Global Semiconductor Metrology & Inspection Equipment Market Across the Globe?
The Global Semiconductor Metrology & Inspection Equipment market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Semiconductor Metrology & Inspection Equipment market is driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
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With the increasing collaboration and emergence of new products, the Global Semiconductor Metrology & Inspection Equipment market is changing rapidly. For instance, In July 2022, Onto Innovation Inc., declared the launch of its innovative acoustic metrology products. The new Echo system further expands the transferable request for in-line characterization of opaque films, which is estimated to be roughly USD 110 million, by using the principle of picosecond ultrasonic to deliver critical thickness metrology and material characterization for crucial technology transitions in the DRAM and high- stack NAND memory markets.
In June 2022, Hitachi High-Tech Corporation declared the launch of the Hitachi Dark Field Wafer Defect Inspection System DI2800, a critical element in semiconductor manufacturers’ metrology capabilities. The DI2800 is a high-speed metrology system designed to identify faults and particles on patterned wafers up to 8 inches (200 mm) in diameter. Its high output and performance can help assure device trust ability and safety, particularly for largely sensitive operations like the Internet of Things (IoT) and automotive fields where 100 inspections are needed.
The global semiconductor metrology and inspection equipment market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for the miniaturization of electronic circuits in consumer electronic devices and rising industrial automation and widespread chip integration in the demand for the studied market. The market is highly competitive with ~150 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.
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