PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629202
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629202
The Etching Machine Market was valued at USD 10,521.5 million in 2023, growing at a CAGR of 11.50% from 2024 to 2032.
An etching machine removes layers or modifies the surface of an object using lasers, chemicals or acids, electric current, plasma, and other means to leave a permanently etched picture on the surface. Etching machines are used to manufacture electronic components, integrated circuits, plastic packaging, and mobile communications devices. They are also used to mark component labels, barcodes, serial numbers, date codes, and individual part numbers in a range of industries.
Etching Machine Market- Market Dynamics
Surging demand for electronic components drives growth in the etching machine market.
An increase in demand for electronic components is projected to drive future growth in the etching machine market. Electronic components are small circuit elements that help a circuit function and regulate the flow of electrons in an electronic circuit, electronic system, or electronic device. Laser etching is used in the electronics manufacturing process to create customised process control boards (PCBs) that govern consumer electronics and provide a straightforward way to connect numerous electronic components. For instance, in March 2022, the Electronic Components Industry Association (ECIA), a trade association for electronic component manufacturers based in the United States, reported that the actual overall sales sentiment for February was 129.4, which was 16.3 points higher than the February 2022 Electronic Component Sales Trend Survey. As a result, the growing need for electronic components is boosting the etching machine market.
Etching Machine Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 11.50% from 2024-2032.
According to Product Type segmentation, the Plasma etching Product Type will dominate the market share by 2032
Automatic operation was the most popular segmentation of operations.
Dry Etching now dominates the Etching Machine business, according to Technology segmentation.
In 2023, Electronic Components were the most dominant application segment.
In 2023, Electrical and Electronics was the most popular sort of Industry segmentation.
On the basis of region, North America was the leading revenue generator in 2023
The Global Etching Machine Market is divided into six segments: Product Type, Operation, Technology, Application, Industry, and region.
The market is divided into two segments based on Product Types: Electrolytic, Plasma, and Other. Plasma etching will dominate the industry by 2032. Plasma etching is frequently utilised in semiconductor and microelectromechanical systems sectors. In the production of printed circuit boards (PCBs), isotropic etching is used to plasma clean circuits after machining (known as desmearing) and before electroplating. Anisotropic etching is used on wafers to create circuit patterns. In this application, a high-energy anisotropic plasma etching technique known as reactive ion etching is applied. Smart gadgets are becoming increasingly widespread as the number of IoT applications grows, resulting in smaller semiconductors and an increasing need for plasma etching. This is the driving force behind the growth of Plasma Etching in the Etching Machine Market over the forecast period.
The market is classified into four segments based on Operation: Manual and Automatic. The automatic operation sector is predicted to have the biggest market share by 2032. End-users are migrating from manual to automated etching equipment, which is driving the growth of the industry. The advantages of an automatic etching machine are low-cost tooling, flexibility, burr- and stress-free operation, material grades, and cost-free complexity. These are the primary advantages of an automatic etching machine, which will drive the growth of the worldwide Etching Machines Market during the forecast period.
Etching Machine Market- Geographical Insights
Geographically, this market encompasses the Middle East, and Africa, Asia Pacific, Latin America, North America, Europe. These zones are further split based on which countries bring business. North America dominates the Etching Machine Market from 2023 to 2032. North America is predicted to have the highest market share by 2032. The availability of well-established, technologically advanced manufacturers in North America, as well as the region's increased electronics production, are driving market expansion. The United States is a major market in North America. These are the key drivers driving North America's growth in the worldwide Etching machines market throughout the forecast period.
Asia Pacific is predicted to have the second-largest market share in the industry. This is owing to the widespread production of electronic products in China and Taiwan, including wearable devices, telephones, and white goods. These factors will drive growth in the Asia-Pacific region of the worldwide Etching machines market over the forecast period.
The competitive landscape of the Etching Machine Market is made up of several key players working to improve their offerings and capture market share. Large companies such as Kern Laser Systems, Applied Materials, and DISCO Corporation are leading the market with their advanced etching technologies, which are crucial for semiconductor manufacturing and other applications. These companies focus on innovation, investing in research and development to improve etching precision, speed, and efficiency. There are also emerging players and regional manufacturers that cater to some specific niches or deliver a cost-effective solution for other niches, creating added competition. The demands of miniaturisation in the electronic industry and the growing adoption of such technologies as 5G and IoT are creating a need for the next level of etching machines. Companies would, therefore, seek strategic partnerships, mergers, and acquisitions to improve their capabilities and extend their reach of products to more people, leading to a highly competitive and heterogeneous landscape.
In July 2022, Lam Research, Entegris, and Gelest worked together to enhance the EUV Dry Resist Technology Ecosystem. The companies worked together to accelerate the future development of cost-effective dry-resist technologies. The superior etch resistance of dry resist, as well as the tunable deposition and growth thickness scaling, meet the lowered depth of focus requirements of high NA EUV.