The global semiconductor etch equipment market was valued at $20,455.6 million in 2021, and is projected to reach $46,382.5 million by 2031, registering a CAGR of 8.3% from 2022 to 2031.
The wet etching method or the dry etching method are both used with semiconductor etch equipment to remove certain materials from the surface of silicon wafer substrate. The selective material is removed from silicon wafer substrate using chemicals in the wet etch process. The selective material is removed from the silicon wafer substrate using plasma ions in the dry etch process. In order to develop patterns that are appropriate for the semiconductor's applications, the etching process removes material from the semiconductor's surface.
The market is primarily driven by the semiconductor industry's rapid growth. One of the most crucial requirements in the worldwide electronics sector is equipment for manufacturing semiconductors. A unique method to integrate Silicon Carbide (SiC)-powered semiconductors with contemporary weapons and equipment is being developed by U.S. Army researchers. Moreover, consumers' rising need for electronics devices increases the demand for chips, which is anticipated to indirectly increase demand for semiconductor etching equipment during the forecast period. The demand for semiconductor chips is being driven by a rise in the need for hybrid circuits in medical equipment as a result of an increase in patients. For instance, according to UN estimates, the number of people in the region who are 60 years of age or older might reach 806.55 million by 2024.
The market for electric circuit boards is anticipated to be stimulated by shifting consumer electronics demand, which would then feed the demand for semiconductor etching equipment. Such instances are expected to augment the growth of the market. Government-led stringent laws, tariffs, and regulations against deforestation, metals, and other materials used in semiconductor etching system have declined revenues and profits of manufacturers to a substantial extent. For instance, in 2018, the U.S. government increased tariffs on import of metals (effective from February 2020) by 25% on steel and 10% on aluminum, which further escalated costs of these metals in the U.S. Hence, fluctuation in prices of metals and other materials is anticipated to restrict the growth of the semiconductor etch equipment market during the forecast period.
The demand for semiconductor etch equipment is also significantly influenced by the government authorities' shifting attention to the semiconductor industry. For instance, in February 2022, Bosch announced that it would expand the scale of its wafer fabrication facility in Reutlingen, Germany. By 2025, it intends to invest more than EUR 250 million (USD 278.2 million) in new production facilities and the amenities they are going to need. Such growth strategies are offering lots of growth opportunities and promoting the market for semiconductor etch equipment.
The semiconductor etch equipment market is segmented into type, process, end user industry, and region. On the basis of type, it is bifurcated into wet etch equipment and dry etch equipment. By process, it is segregated into conductor etch and dielectric etch. On the basis of end user industry, it is classified into integrated device manufacturers, foundry, and memory manufacturers. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The wet etching method or the dry etching method are both used with semiconductor etch equipment to remove certain materials from the surface of silicon wafer substrate. The selective material is removed from silicon wafer substrate using chemicals in the wet etch process. The selective material is removed from the silicon wafer substrate using plasma ions in the dry etch process. In order to develop patterns that are appropriate for the semiconductor's applications, the etching process removes material from the semiconductor's surface.
The market is primarily driven by the semiconductor industry's rapid growth. One of the most crucial requirements in the worldwide electronics sector is equipment for manufacturing semiconductors. A unique method to integrate Silicon Carbide (SiC)-powered semiconductors with contemporary weapons and equipment is being developed by U.S. Army researchers. Moreover, consumers' rising need for electronics devices increases the demand for chips, which is anticipated to indirectly increase demand for semiconductor etching equipment during the forecast period. The demand for semiconductor chips is being driven by a rise in the need for hybrid circuits in medical equipment as a result of an increase in patients. For instance, according to UN estimates, the number of people in the region who are 60 years of age or older might reach 806.55 million by 2024.
The market for electric circuit boards is anticipated to be stimulated by shifting consumer electronics demand, which would then feed the demand for semiconductor etching equipment. Such instances are expected to augment the growth of the market. Government-led stringent laws, tariffs, and regulations against deforestation, metals, and other materials used in semiconductor etching system have declined revenues and profits of manufacturers to a substantial extent. For instance, in 2018, the U.S. government increased tariffs on import of metals (effective from February 2020) by 25% on steel and 10% on aluminum, which further escalated costs of these metals in the U.S. Hence, fluctuation in prices of metals and other materials is anticipated to restrict the growth of the semiconductor etch equipment market during the forecast period.
The demand for semiconductor etch equipment is also significantly influenced by the government authorities' shifting attention to the semiconductor industry. For instance, in February 2022, Bosch announced that it would expand the scale of its wafer fabrication facility in Reutlingen, Germany. By 2025, it intends to invest more than EUR 250 million (USD 278.2 million) in new production facilities and the amenities they are going to need. Such growth strategies are offering lots of growth opportunities and promoting the market for semiconductor etch equipment.
The semiconductor etch equipment market is segmented into type, process, end user industry, and region. On the basis of type, it is bifurcated into wet etch equipment and dry etch equipment. By process, it is segregated into conductor etch and dielectric etch. On the basis of end user industry, it is classified into integrated device manufacturers, foundry, and memory manufacturers. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the semiconductor etch equipment market analysis from 2021 to 2031 to identify the prevailing semiconductor etch equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the semiconductor etch equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global semiconductor etch equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Wet etch equipment
- Dry etch equipment
By Process
- Dielectric Etch
- Conductor Etch
By End User
- Integrated device manufacturers
- Foundry
- Memory manufacturers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Taiwan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Applied Materials, Inc.
- Spts technologies ltd.
- Panasonic Industry Co., Ltd.
- EV Group (EVG)
- Samco inc.
- ASML Holding NV
- Hitachi High-Technologies Corp (HHT)
- Tokyo Electron Limited
- Shenzhen Delphi Laser & Robot Co., Ltd.
- Ulvac
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SEMICONDUCTOR ETCH EQUIPMENT MARKET, BY TYPE
CHAPTER 5: SEMICONDUCTOR ETCH EQUIPMENT MARKET, BY PROCESS
CHAPTER 6: SEMICONDUCTOR ETCH EQUIPMENT MARKET, BY END USER
CHAPTER 7: SEMICONDUCTOR ETCH EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Semiconductor Etch Equipment Market," The semiconductor etch equipment market was valued at $20.5 billion in 2021, and is estimated to reach $46.4 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.Semiconductor etch equipment are devices that are used to remove selective materials from the surface of the silicon wafer substrate by using wet etching method or dry etching method. The wet etch method use chemical to remove the selective material from the silicon wafer substrate. The dry etch method use plasma ion to remove the selective material from the silicon wafer substrate. The etching process removes the material from the surface of the semiconductor to create patterns according to its applications.
Key factors driving the growth of the semiconductor etch equipment market include rapid growth of the semiconductor industry, growing demand for electronics products and rise in demand for hybrid circuits. Developing nations such as India are witnessing increase in investments for semiconductors manufacturing industries. For instance, in June 2022, India government announced that, India is expected to spend $30 billion to restructure its IT industry and build up a semiconductor supply chain. According to Gourangalal Das, director-general of the India-Taipei Association, the South Asian country's de-facto embassy in Taipei, the investment initiative is aimed to boost local production of semiconductors, displays, advanced chemicals, networking, and telecom equipment, as well as batteries and electronics. All such factors are fueling the semiconductor etch equipment market growth.
Furthermore, due to various government initiatives, India is also witnessing an increase in the number of smart cities, which are intended to combine technological solutions for reasons such as surveillance, maintenance, and monitoring. Such instances are expected to augment the growth of semiconductor etch equipment market.
The market also offers growth opportunities to the key players in the market. The demand for semiconductor etch equipment is significantly influenced by the government authorities' shifting attention to the semiconductor industry. For instance, the Chinese government is focusing on assisting the chip industry and has budgeted over USD 150 billion in investments by 2030 to push semiconductor production. Such instances are promoting the market for semiconductor etch equipment.
The semiconductor etch equipment market is segmented into type, process, end user industry, and region. On the basis of type, it is bifurcated into wet etch equipment and dry etch equipment. By process, it is segregated into conductor etch and dielectric etch. On the basis of end user industry, it is further classified as integrated device manufacturers, foundry, and memory manufacturers. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, Taiwan, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the semiconductor etch equipment market include Applied Materials, Inc., ASML technology, EV Group, Hitachi High-Technologies Corporation, Panasonic Corporation, SAMCO INC., Shenzhen Delphi Laser & Robot Co., Ltd., Suzhou, Delphi Laser Co. Ltd., Tokyo Electron Ltd., And ULVAC Technologies.
Key Market Insights (Updated)
- By type, the dry etch equipment segment was the highest revenue contributor to the market and is estimated to reach $26,519.7 million by 2031, with a CAGR of 8.2%. However, the wet etch equipment segment is estimated to be the fastest-growing segment with a CAGR of 8.5% during the forecast period.
- By process, the conductor etch segment dominated the global market. However, the dielectric etch segment is expected to be the fastest-growing segment with a CAGR of 8.6% during the forecast period.
- Based on end user, the integrated device manufacturers segment was the highest revenue contributor to the market with a CAGR of 7.9% during the forecast period.
- Based on region, Asia-Pacific garnered the largest revenue share in 2021, whereas North America is anticipated to grow at the highest CAGR of 8.9% during the forecast period.
Companies Mentioned
- Applied Materials, Inc.
- Spts technologies ltd.
- Panasonic Industry Co., Ltd.
- EV Group (EVG)
- Samco inc.
- ASML Holding NV
- Hitachi High-Technologies Corp (HHT)
- Tokyo Electron Limited
- Shenzhen Delphi Laser & Robot Co., Ltd.
- Ulvac
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 20455.6 million |
| Forecasted Market Value ( USD | $ 46382.5 million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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