Market Research Future (MRFR) has announced a new release on the global semiconductor inspection system market. The report assesses the global semiconductor inspection system market from various angles and presents readers with a comprehensive overview of the market, its current conditions, and future growth outlook over the 2017-2023 forecast period.
Semiconductor inspection systems are systems used to inspect and detect faults in semiconductor systems prior to fabrication. The growing semiconductor industry has benefitted the semiconductor inspection system market and is likely to be the major growth driver for the market over the forecast period. The growing electronics industry is the major driver for the global semiconductor inspection system market and is likely to remain the foremost contributor in the coming years due to the growing demand for consumer electronics in regions across the world.
The rapid emergence of the Internet of Things and its incorporation into a wide range of industries is also likely to drive the semiconductor industry and, consequently, drive the semiconductor inspection system market over the forecast period. According to the MRFR report, the global semiconductor inspection system market is likely to reach a value of USD 6.91 billion by 2023, exhibiting a robust 14.3% CAGR over the 2017-2023 forecast period.
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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 use.
On the basis of type, the global semiconductor inspection system market is segmented into wafer and mask inspection systems. Of these, the wafer inspection systems segment is expected to rise at the higher growth rate, with the segment expected to exhibit a strong 14.7% CAGR over the 2017-2023 forecast period. Wafer inspection systems are vital in maintaining a high process throughput and are thus likely to grow steadily in demand over the forecast period.
By end use, the global semiconductor inspection system market is segmented into large enterprises and small and midsized enterprises. Large enterprises hold the dominant share in the global semiconductor inspection system market at present and are likely to remain the leading contributor over the forecast period owing to the rapid industrialization across the globe.
The global semiconductor inspection system market has been segmented into four major regional segments: North America, Europe, Asia Pacific (APAC), and Rest of the World.
North America is likely to dominate the global semiconductor inspection system market over the forecast period due to the rapid progress of the IoT field in the region and the consequently increasing adoption of semiconductor inspection systems. North America is the global hub for semiconductor research and development, and many major semiconductor industry players have their headquarters in North America. This is likely to be a major driver for the semiconductor inspection system market in North America in the coming years. The rapid increase in industrialization in developed North American countries such as the U.S. and Canada as well the rapidly emerging Mexico is also likely to drive the adoption of semiconductor inspection systems in North America over the forecast period.
APAC is likely to exhibit strong growth in the global semiconductor inspection system market over the forecast period. APAC countries are rapidly becoming important hubs for semiconductor development and research, while the adoption of IoT is also growing rapidly in major Asian economies such as China, India, Japan, and Korea. This region is also home to several major manufacturers of semiconductor chips, with the region’s semiconductor industry recording revenue of close to USD 250 billion in 2017, which is likely to drive the semiconductor inspection system market in the region.
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- Memory Manufacturers
- Semiconductor Product Manufacturing Companies
- Sensors and ICs Manufacturers
- Electronic Component Suppliers
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