Etching Machine Market Report 2026

The etching machine market size has grown rapidly in recent years. It will grow from $12.66 billion in 2025 to $13.98 billion in 2026 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to growth in electronics and semiconductor production, rising use of etching in automotive components, increasing demand for precision metal processing, availability of advanced etching technologies, expansion of industrial manufacturing bases.

The etching machine market size is expected to see rapid growth in the next few years. It will grow to $21.49 billion in 2030 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to increasing demand for miniaturized electronic components, rising investments in semiconductor fabs, expansion of advanced manufacturing techniques, growing adoption of automation in surface processing, increasing focus on process consistency. Major trends in the forecast period include increasing adoption of automated etching systems, rising use of plasma etching for precision components, growing demand for micro-patterning capabilities, expansion of etching in semiconductor manufacturing, enhanced process control requirements.

The rising demand for electronic components is expected to drive the growth of the etching machine market in the coming years. Electronic components are small elements within a circuit that facilitate its operation and regulate the flow of electrons in electronic circuits, systems, or devices. Laser etching is employed in the electronics manufacturing process to produce customized process control boards (PCBs) that manage consumer electronics and provide efficient integration of various electronic components. For example, in March 2025, the Electronic Components Industry Association (ECIA), a US-based trade association for electronic component manufacturers, reported an overall sales sentiment index for electronic components increasing by 4.7 points to 113.1, marking the highest level since April 2024. Therefore, the rising demand for electronic components is propelling the etching machine market.

Leading companies in the etching machine market are focusing on the development of innovative etching machines, such as diode laser technology, which differs from plasma and vacuum technologies, to address the growing demands for miniaturization and sustainability in sectors like electronics and semiconductor manufacturing. Diode laser technology uses a semiconductor to generate laser light via electroluminescence when an electric current is applied. These lasers are compact, efficient, and commonly used across various applications, including telecommunications and medical devices. For example, in April 2023, ELEGOO, a China-based technology firm, introduced the PHECDA laser engraving machine. This machine offers versatile engraving and cutting capabilities for different materials, featuring user-friendly options like Wi-Fi connectivity and safety mechanisms. Its affordable price and ample workspace make it a great choice for hobbyists and small businesses looking to efficiently create custom projects.

In September 2023, Plasma-Therm, a US-based global manufacturer, acquired Thin Film Equipment Srl (TFE) for an undisclosed amount. This acquisition allows Plasma-Therm to expand its presence in the European market, enhance its product offerings in the power device sector, and improve customer support. TFE, an Italy-based supplier, specializes in the manufacturing of deposition systems that complement etching machines to create and pattern thin films for semiconductor and microelectronic applications.

Major companies operating in the etching machine market are Tokyo Electron Ltd., Applied Materials Inc., Lam Research Corporation, Hitachi High-Tech Corporation, Plasma-Therm LLC, CVD Equipment Corporation, DISCO Corporation, Advanced Dicing Technologies, Trumpf GmbH + Co. KG, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Coherent Inc., Jenoptik AG, Trotec Laser GmbH, Universal Laser Systems, Epilog Laser, Eurolaser GmbH, Suzhou Delphi Laser Co. Ltd., Sintec Optronics Pte Ltd., Oxford Instruments plc, SPTS Technologies Ltd., Samco Inc., Nordson Corporation.

North America was the largest region in the etching machine market in 2025. The regions covered in the etching machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the etching machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The etching machine market consists of sales of CNC (computer numerical control) milling machines, vinyl cutting plotter machines, and laser cutting machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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