Pune, India, May 06, 2019 (GLOBE NEWSWIRE) -- The report found on Wise Guy Reports (WGR) states that the global semiconductor inspection systems market is on track to reach an attractive valuation of USD 6.90 billion by 2023. The report also states that the market will be surging at a CAGR of 14.3% during the forecast period (2018-2023).
Rising Demand for Low-Cost Semiconductors to Benefit Market
Data experts have noted a drastic rise in demand for low-cost but high performing semiconductors, which has, in turn, raised the adoption rate of inspection systems. Another primary factor responsible for the strong growth of the semiconductor inspection system market is the growing complexity in production as well as the design of the semiconductor chip. On top of that, the surging demand for gaming consoles, notebooks, tablets, smartphones, digital cameras, network switches, and set-top boxes is set to elevate the demand within foundries. These factors are bound to bring lucrative opportunities to the market in the near future.
A Tectonic Shift in Market with Rising Use of IoT
A significant factor bringing about a major transformation in the semiconductor inspection system market is the rising proliferation of the Internet of Things (IoT) and the emergence of connected devices. In addition, the growing need for semiconductor memory devices such as dynamic random access memory (DRAM) and 3D NAND will bode well with the growth of the market as well.
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Increasing Acceptance of Wearable Devices to be an Exciting Trend
Wearable devices like smart fabrics, smartwatches, smart glasses, fitness bands, and heart rate monitors, are generally used for tracking daily activities, in addition to monitoring of fitness levels and also providing communication services. Wearable devices are sensor-integrated, which make use of mobile communication technology. Upon realization of the market potential of wearable devices, many semiconductor device manufacturers like Toshiba are in the process of developing specialized integrated circuits (ICs) which can support every technology requirement.
The wearable devices technology as a trend will be gaining immense momentum during the review period on account of its adoption by consumers. This factor is set to prompt numerous semiconductor device manufacturers to produce high-quality semiconductor devices which are essential for wearable devices.
The Emergence of Multi-Layer Wiring to Act as a Challenge
The introduction of multi-layer wiring as well as planarization process in the manufacturing process of semiconductor devices, which the inspection systems are incapable of detecting, can act as a debilitating factor in the ongoing growth rate of the semiconductor inspection system market.
Wafer Inspection System to be the Commanding Segment
Type-wise, the global market is considered for wafer inspection system and mask inspection system. Out of these, the wafer inspection system is known for maintaining a high process throughput, in addition to detecting particles present on the surface and also the ones present at the bottom of contact holes. Owing to these characteristics, the demand for wafer inspection system is soaring high, which is expected to land the segment in the top position in the global semiconductor inspection market. It is projected to surge at a faster CAGR of 14.7% during the assessment period.
Large Enterprises to be the Leading End-Users
The end-users in the semiconductor inspection system market include small and medium enterprises (SMEs) and large enterprises. During the forecast period, the large enterprise segment will be taking the lead at a faster CAGR of 15%. It was valued at USD 1,769.3 million in 2016. The segment is ahead of its counterparts, as a result of the availability of a large number of equipment along with a huge production line. Large enterprises have a strong grasp over the semiconductor market, which will ensure their dominance in the semiconductor inspection system industry in the coming years.
Leading Companies
The leading companies making their presence known in the worldwide semiconductor inspection system market are JEOL Ltd (Japan), Nanometrics, Inc. (U.S.), Applied Materials, Inc. (U.S.), Lasertec Corporation (Japan), Hitachi High-Technologies Corp. (Japan), KLA-Tencor Corporation (U.S.), ASML Holding NV (Netherlands), Nikon Metrology NV (Belgium), Rudolph Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.) among others.
Regional Analysis
The global semiconductor inspection system market covers opportunities within the prominent regions of Europe, Asia Pacific, North America, along with Rest-of-the-World (RoW).
Asia Pacific Spearheads the Global Market with Fastest Growth Rate
The Asia Pacific is the prominent revenue-generating market in the global semiconductor inspection systems, along with being the fastest growing market. The regional market is responsible for about 15.6% of the total market share. The primary participants responsible for the lucrative performance are the countries of Japan, China, and South Korea, known for being home for semiconductor component manufacturers. Also, the strong demand for wafers in consumer electronics products will bring further success to the regional market in the coming years.
North America Launches Ahead Aggressively to Gain Second Spot
The semiconductor inspection system market in North America has lurched ahead vigorously backed by the presence of ambitious industry players striving to enhance their financial fluidity for investing in semiconductor inspection systems. Besides, localization seems to be a highly favored trend being adopted by manufacturers within the region, which is anticipated to create substantial opportunities for the market to grow more in the future. The rising number of merger and acquisition activities has done wonders for the market as well. Case in point being Xcerra Corporation, which had entered into a merger agreement with Cohu Inc. in 2018, strengthening Cohu’s position internationally and locally.
Germany Stands Tall in Europe Region as Automotive Sector Expands
The region of Europe is witnessing a growing demand for low costing and high-quality semiconductors, which is expected to mold the market shape positively. Germany is among some of the prominent countries which is a hub for thriving electronics and automotive sectors, which reflects on the performance of the semiconductor inspection system market in the region. In addition, massive demand for gaming consoles, laptops, tablets, set-top boxes, and smartphones will also set to the tone for the regional market in the forthcoming years, in terms of revenue and volume.
The Middle East and Africa to Give Stiff Competition to Other Regions
The semiconductor inspection system market in the Middle East and Africa has been growing steadily, owing to the emergence of new players striving to widen their customer base. Fierce competition between industry participants coupled with significant production of semiconductor inspection systems in the region will help the regional market create substantial space for itself in the global market. Furthermore, a hike in the demand for semiconductor integrated circuits (ICs) for applications like automobiles, industrial, and consumer electronics within the region is encouraging various firms to up their production in the near future.
Recent News
April 2019
Dahua Technology is set to highlight its latest industrial products along with related advanced solutions of machine vision at Automate 2019 in North America. One of these products is a large-area camera which consists of 31MP Sony chip displays for high-precision images that are ideal for aspects such as LCD screen inspection, semiconductor inspection as well as wafer inspection.
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