Semiconductor Inspection System Market to Reach $8.9 Billion, Globally, by 2031 at 5.4% CAGR
November 28, 2022 | PRNewswireEstimated reading time: 3 minutes
Allied Market Research published a report, titled, "Semiconductor Inspection System Market By Type (Wafer Inspection System, Mask Inspection System), By Technology (Optical, E-beam), By End-User (Integrated Device Manufacturers (IDM), Foundry, Memory Manufacturers): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global semiconductor inspection system industry generated $5.2 billion in 2021, and is estimated to reach $8.9 billion by 2031, witnessing a CAGR of 5.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Drivers and Opportunities
Expansion of the semiconductor industry in countries such as China, U.S. Japan, and Taiwan, the increase in demand for electronic products such as smartphones, wearables, laptop, computers, television, and others drive the growth of the global semiconductor inspection system market. However, fluctuation in raw material prices hamper the market growth. On the other hand, growth in demand for hybrid circuits from medical, military, photonics, and wireless electronics applications present new opportunities for the market in the coming years.
Covid-19 Scenario
During the COVID-19 pandemic, various producers in the semiconductor inspection system market in countries such as China, the U.S., and India were compelled to put a halt to their business. This resulted in reduced sales of semiconductor inspection system companies.
Moreover, a lack of manpower and raw materials for semiconductor inspection systems, affected the growth of the market.
However, the introduction of vaccines for the coronavirus disease, led to the re-opening of semiconductor inspection system companies and production facilities.
The wafer inspection segment to rule the roost during the forecast period
Based on type, the wafer inspection segment was the largest market in 2021, contributing to nearly two-thirds of the global semiconductor inspection system market, and is expected to maintain its leadership status during the forecast period. This is owing to its ability to find the position coordinates of defects (X, Y). On the other hand, the mask inspection segment is projected to witness the fastest CAGR of 5.6% from 2022 to 2031, owing to the increase in demand for the latest technologies to identify photomask defects, for instance, automated systems that include scanning electron microscopes and other advanced tools.
The integrated device manufacturers segment to maintain its dominance during the forecast period
Based on end-user, the integrated device manufacturers (IDM) segment held the largest market share of nearly two-thirds of the global semiconductor inspection system market in 2021 and is expected to maintain its dominance during he forecast period. However, the memory manufacturers segment is projected to witness the largest CAGR of 6.7% from 2022 to 2031, owing to the rise in demand for smartphones, high-density storage capability, and quick read & write cycle.
The e-beam segment to maintain the fastest growth during the forecast period
Based on technology, the optical segment held the largest market share of more than two-thirds of the global semiconductor inspection system market in 2021, and is expected to maintain its dominance during the forecast period. The optical technology is commonly used in the production line, as it is faster and is being stretched to the advanced nodes limit. It offers different working distances, measurement ranges, spot sizes & numerical aperture to better suit the application requirements. However, the e-beam segment is projected to witness the highest CAGR of 5.8% from 2022 to 2031, owing to It being attractive because it enables fine resolutions without the need for a photomask.
Asia-Pacific to maintain its dominance by 2031
Based on region, Asia-Pacific was the largest market in 2021, capturing more than three-fourths of the global semiconductor inspection system market share, and is expected to lead the trail during the forecast period. The same market is projected to manifest the fastest CAGR of 5.6% during the forecast period. This is owing to the expansion of the semiconductor industry in South Korea, China, Japan, Taiwan, and India. Furthermore, Asia-Pacific's high concentration of IC makers is expected to drive the demand for semiconductor inspection systems in the region.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.