PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485753
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485753
Semiconductor Process Control Market size was valued at USD 8,679.20 million in 2023, expanding at a CAGR of 7.6% from 2024 to 2032.
A crucial component of the semiconductor industry, semiconductor process control equipment service guarantees the efficient running and peak performance of the machinery used in semiconductor manufacture. The market for semiconductor process control equipment is expanding due to several factors, one of which is the rising need for sophisticated consumer electronics. The market is growing more quickly thanks to the increase in money spent by manufacturers on R&D for more sophisticated technologies and the growing demand for high-performance, low-power semiconductors.
Semiconductor Process Control Market- Market Dynamics
Growing Demand for Semiconductor Devices in Various End Use Industries
The market for semiconductor process control equipment is mostly driven by the growing need for semiconductor devices across a range of end-use industries, including consumer electronics, automotive, healthcare, and industrial automation. Various countries are taking initiatives to boost the semiconductor industry across the world. For instance, Japan has started infrastructure projects in several prefectures, such as a Flash-3D NAND facility in Mie Prefecture and a logic IC factory for TSMC in Kumamoto, to increase its self-sufficiency in advanced semiconductor manufacturing. The need for dependable and high-quality semiconductor manufacturing processes is being driven by the growth of smartphones, the Internet of Things (IoT), and the requirement for sophisticated semiconductor components in medical devices and autonomous cars. In March 2024, The Indian government approved the construction of three semiconductor manufacturing and assembly plants, attracting an investment of $15.2 billion and marking a significant step towards technological self-sufficiency.
Semiconductor Process Control Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.6% over the forecast period (2024-2032)
Based on product type segmentation, inspection equipment was predicted to show maximum market share in the year 2023
Based on end user segmentation, foundries were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Semiconductor Process Control Market is segmented based on Product Type, Application, End User, and Region.
The market is divided into three categories based on product type: Metrology equipment, process control equipment, and inspection equipment. Throughout the projection period, the inspection equipment category is anticipated to grow at a rapid pace and hold a significant market share. This is mostly due to the growing requirement for sophisticated semiconductor equipment as well as the growing necessity to guarantee the continuous operation of processes.
The market is divided into three categories based on end users: memory manufacturers, foundries, and IDMS. Foundries make up the largest share of the industry share. Segmental growth will continue to be supported in the coming years by the strong demand for integrated circuits (ICs) and the expanding need for technological advancements in semiconductor production processes.
Semiconductor Process Control Market- Geographical Insights
The market for semiconductor process control equipment is dominated by North America due to the region's concentration on technical innovation and the presence of important semiconductor manufacturers. Numerous top universities, research centers, and semiconductor businesses that support the creation of cutting-edge process control systems are located in the area. The market expansion in North America is also being driven by the need for semiconductor devices across several industries, such as consumer electronics, automotive, and defense. For instance, in the U.S. recently, the CHIPS Act was passed, allocating $52 billion over five years to support capital investment in the semiconductor industry, as well as research and development expenditures.
The prominent players in the semiconductor process control include Lasertec Corporation, Hitachi High-Technologies Corporation., KLA Corporation, Applied Materials, Inc., Carl Zeiss AG, Nanometrics Incorporated., Nova Measuring Instruments Ltd., Leading market participants are working together with other businesses in an attempt to keep one step ahead of the competition. To diversify their product offering, numerous businesses are also investing in the introduction of new products. For instance, in May 2024, The US chip behemoth Intel will collaborate with fourteen Japanese firms to create automation technologies for "backend" semiconductor operations including packing. By 2028, automation is expected to be achieved, underscoring US and Japanese efforts to work together and lower geopolitical risks in the semiconductor supply chain.
In December 2023, Siemens and Intel collaborated to advance semiconductor manufacturing production efficiency and sustainability across the value chain. This collaboration will advance factory efficiency and sustainability while supporting global industry ecosystems.
In April 2024, Microchip Technology announced the partnership with TSMC, the world's leading semiconductor foundry, to enable a specialized 40nm manufacturing capacity in Japan. This partnership aims to build resiliency in its supply chain
GLOBAL SEMICONDUCTOR PROCESS CONTROL MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Applied Materials
Hitachi High-Technologies
KLA-Tencor
Carl Zeiss
Hermes Microvision
Lasertec
Nanometrics
Nova Measuring Instruments
Rudolph Technologies
Toray Engineering
Others