Semiconductor Etch Equipment Global Market Report 2024

The semconductor etch equipment market size has grown strongly in recent years. It will grow from $21.57 billion in 2023 to $23.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed during the historical period can be attributed to several factors, including the rising adoption of smartphones and other electronic advancements, the increasing complexity of integrated circuits, efforts towards enhancing supply chain resilience and localization, the shorter product lifecycle of electronic devices, and the rapid expansion of wearable devices.

The semconductor etch equipment market size is expected to see strong growth in the next few years. It will grow to $30.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period is driven by several factors, including increasing investments in foundries, the transition to FinFET and 3D NAND technologies, growing demand for high-density etch equipment, rapid expansion of wearable devices, and high demand for consumer electronics. Major trends expected during this period include advancements in technology, heterogeneous integration, a shift towards advanced etching techniques, expansion of the semiconductor industry, and the adoption of multi-patterning techniques.

The anticipated rise in demand for semiconductor devices is poised to drive the expansion of the semiconductor etch equipment market in the future. Semiconductor devices, crucial electronic components crafted from semiconductor materials, rely on the electronic properties of these materials for their functionality. Semiconductor etch equipment plays a pivotal role in enabling the precise fabrication of intricate patterns and structures on semiconductor substrates. As semiconductor devices grow increasingly complex and feature sizes shrink, the capabilities of etching equipment become indispensable for achieving the necessary precision and control in the manufacturing process. For instance, data from the Semiconductor Industry Association, a US-based semiconductor industry organization, reveals that the industry witnessed record-breaking sales of 1.15 trillion semiconductors, amounting to $555.9 billion, representing the highest-ever annual total and a 26.2% increase compared to the previous year. Consequently, the mounting demand for semiconductor devices acts as a driving force behind the growth of the semiconductor etch equipment market.

Major companies in the semiconductor etch equipment market are concentrating on the development of innovative technologies such as mass production-proven bevel technology, aimed at facilitating advanced wafer semiconductor manufacturing processes. Mass production-proven bevel technology pertains to a method utilized in the semiconductor industry for precisely shaping and profiling the edges of semiconductor wafers during the manufacturing process. For example, in June 2023, Lam Research Semiconductor, a US-based semiconductor company, introduced Coronus DX, a bevel deposition solution specifically optimized to address significant manufacturing challenges encountered in next-generation logic, 3D NAND, and advanced packaging applications. This protective layer serves to prevent defects and damage, thereby enhancing yield and enabling chipmakers to implement new leading-edge 3D NAND and advanced packaging applications. The technology underlying Coronus DX enables best-in-class precision wafer centering and process control, inclusive of integrated metrology, ensuring consistency and repeatability throughout the manufacturing process.

In November 2021, Denton Vacuum LLC, a US-based company specializing in thin film deposition technology, acquired 4Wave Incorporated for an undisclosed sum. This strategic move enriched Denton Vacuum's product portfolio by incorporating all ion beam deposition and etch technologies, equipment, and intellectual property from 4Wave. The acquisition strengthens Denton Vacuum's offerings, enabling it to provide comprehensive nano-engineering solutions to meet the evolving process requirements in the semiconductor market. 4Wave Incorporated, also based in the US, is a semiconductor manufacturing company offering plasma processing equipment, thin film coatings, milling equipment, and services tailored to vacuum equipment and thin film processing requirements.

Major companies operating in the semiconductor etch equipment market report are Panasonic Corporation, Lam Research Corporation, Tokyo Electron Limited (TEL), KLA Corporation, Hitachi High-Tech Corporation, Nikon Corporation, Nordson Corporation, SEMES Co. Ltd., Advanced Dicing Technologies (ADT), Axcelis Technologies, Veeco Instruments, Shibaura Mechatronics Corporation, Oxford Instruments, EV Group (EVG), Mattson Technology, Canon Anelva Corporation, SPTS Technologies, Advanced Micro-Fabrication Equipment Inc., Nova Measuring Instruments, ULVAC Technologies Inc., Plasma-Therm LLC, SAMCO Inc., Tegal Corporation, Plasma Systems Inc.

Asia-Pacific was the largest region in the semiconductor etch equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor etch equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the semiconductor etch equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Semiconductor etch equipment encompasses devices utilized within the semiconductor industry to selectively remove materials from the surface of semiconductors, facilitating the creation of intricate patterns and structures. These devices are integral to the semiconductor device fabrication process, enabling the production of complex patterns and structures on semiconductor surfaces.

The primary products in semiconductor etch equipment include high-density etch equipment and low-density etch equipment. High-density etch equipment refers to specialized semiconductor etching machinery engineered to achieve heightened precision and efficiency in the etching process. The etching film comprises conductor etching, dielectric etching, and polysilicon etching, catering to applications in foundries, micro-electromechanical systems (MEMS), sensors, and power devices.

The semiconductor etch equipment market research report is one of a series of new reports that provides semiconductor etch equipment market statistics, including semiconductor etch equipment industry global market size, regional shares, competitors with a semiconductor etch equipment market share, detailed semiconductor etch equipment market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor etch equipment industry. This semiconductor etch equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The semiconductor etch equipment market includes revenues earned by entities by providing services such as installation and setup, maintenance and repair, training and support, and process optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The semiconductor etch equipment market also includes sales of plasma etching equipment, dry etch equipment, wet etch equipment, and mask etchers. 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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