Market Research Future published a research report on “Semiconductor Inspection System Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Research Future (MRFR) proclaims that the global semiconductor inspection system market is anticipated to garner a CAGR of 14.3% during the forecast period (2017-2023). The surging demand for low-cost and high-performing semiconductor chips is encouraging the market growth. The semiconductor sector has experienced drastic changes in the past few years, and these changes have resulted in making complicated semiconductor manufacturing assembly lines. Semiconductor inspection system operates in the semiconductor production lines to improve the quality of the manufactured semiconductor device. The semiconductor inspection system can be described as the equipment which is used in the manufacturing procedure of the semiconductor device which detects the failure. Failure at any step means interrupting the subsequent step in order to avoid the production of the defective product.
Market Potential and Pitfalls
The global Semiconductor Inspection System Market is likely to experience a sturdy growth owing to the increased demand for low-cost and high-performing semiconductor chips. With the increased demand for wafers in the consumer electronics sector, the market is likely to witness an upsurge in the coming years. The advent of IoT along with its subsequent integration in connected devices is expected to bode well for the market. The Semiconductor Inspection System Market has experienced a tectonic surge in the past few years owing to its wide application in the manufacturing consumer electronics due to the mounting demand for fridges, air conditioners, and washing machines. This has triggered the demand for defect-free and efficient semiconductor devices, which has further positively impacted the market growth.
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With miniaturization playing a crucial part in the manufacturing of the semiconductor devices, it is extensively contributing towards the reduction of the material cost and also increases the complexity in the assembly lines. This has further triggered the demand for semiconductor inspection system which controls and integrates high-performance evaluation and inspection tools.
On the contrary, the paucity of resources coupled with the limited number of manufacturers are the top two constraints impacting the market growth across the globe. Moreover, the existing inspection systems are neither capable of detecting nor inspecting problems which are likely to pose the biggest threats to the vendors in order to offer inspection systems capable of eliminating false defects.
Rudolph Technologies, Inc., JEOL Ltd., Nanometrics, Inc., KLA-Tencor Corporation, Applied Materials, Inc., Nikon Metrology NV, Lasertec Corporation, Hitachi High-Technologies Corp., Thermo Fisher Scientific, Inc., and ASML Holding NV are noteworthy players in the Semiconductor Inspection System Market. Players in the market are focusing on reducing the size of integrated circuits while possessing double the capacity and speed of previous generational semiconductor chips. Advent of IoT and urgent need for sensors in connected devices can present new growth opportunities for these players.
The global semiconductor inspection system market has been segmented on the basis of type and end-users.
By mode of type, the global semiconductor inspection system market has been segmented into wafer and mask inspection systems. Among these, the wafer inspection system is predicted to witness a CAGR of 14.7%. The surging adoption of novel consumer electronic devices along with the emerging manufacturers are likely to foster the growth of wafer inspection system segment.
By mode of end-users, the global semiconductor inspection system market has been segmented into large and small & medium enterprises (SMEs). Among these, the large enterprise segment is estimated to dominate the global market. The growth has been ascribed to the rapid urbanization coupled with the immense demand for a wide array of equipment in order to operate in large-scale assemblies.
Geographically, the semiconductor inspection system market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Considering the global scenario, the Asia Pacific region is likely to witness a surging demand for semiconductor wafers in consumer electronics owing to the high adoption of smart devices by the consumers of the region. Economies like Japan, South Korea, and China are among the major hubs for manufacturing companies which has further enabled the market to reach out to a wider range of audiences. Moreover, the stable economic growth witnessed by these nations coupled with the industrialization is likely to impact the regional market positively.
The North American region has experienced a vigorous growth owing to the presence of existing players who are trying to improve their financial state by investing in semiconductor inspection systems. With the increased merger and acquisition activities, the market in this region is likely to propel. For instance, Cohu, Inc. and Xcerra Corporation went into a merger agreement in 2018 which helped to strengthen the position of Cohu in the global market.
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TABLE OF CONTENTS
List of Tables
Table 1 List Of Assumptions
Table 2 Global Market, By Type (Usd Million) (2016-2023)
Table 3 Global Market, By End-User (Usd Million) (2016-2023)
Table 4 Global Market, By Region, 2016-2023 (Usd Million)
Table 5 Global Market (Y-O-Y), By Region, 2017-2023 (%)
Table 6 North America Market, By Country (Usd Million) (2016-2023)
Table 7 North America Market (Y-O-Y), By Country, 2017-2023 (%)
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