PUBLISHER: The Business Research Company | PRODUCT CODE: 1686357
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686357
An etching machine is a tool or device utilized for creating designs, characters, or patterns on different surfaces, with a particular focus on metal surfaces. These machines offer a versatile method for adding intricate and controlled designs to a variety of materials.
The primary types of etching machines include electrolytic, plasma, and others. An electrolytic etching machine is a specialized device designed to automate and streamline the electrolytic etching process. The operations can be manual or automatic, utilizing various technologies such as wet etching and dry etching. These machines find applications in diverse fields, including electronic components, integrated circuits, plastic packaging, mobile communications, and are employed by various industries such as automotive and transportation, electrical and electronics, consumer products, medical and surgical instruments, machinery and tools, construction, defense, oil and gas, among others.
The etching machines market research report is one of a series of new reports from The Business Research Company that provides etching machines market statistics, including etching machines industry global market size, regional shares, competitors with an etching machines market share, detailed etching machines market segments, market trends, and opportunities, and any further data you may need to thrive in the etching machines industry. This etching machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The etching machine market size has grown rapidly in recent years. It will grow from $11.44 billion in 2024 to $12.86 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to growth in electronics manufacturing, expansion of semiconductor industry, increase in demand for precision components, growing importance of training and support services.
The etching machine market size is expected to see rapid growth in the next few years. It will grow to $19.58 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to emergence of 5g technology, increased demand for mems devices, growing importance of precision engineering. Major trends in the forecast period include environmentally friendly etching solutions, integration of digital controls and monitoring, customization capabilities, focus on cost-effective solutions, advancements in microfabrication technologies, rise in research and development activities, focus on green and sustainable technologies.
The rising demand for chips is expected to drive the growth of the etching machine market in the future. A chip refers to a microchip or integrated circuit (IC) that contains a complex arrangement of electronic components such as transistors, resistors, capacitors, and interconnections, all fabricated on a small semiconductor substrate, typically made of silicon. The control system of etching machines utilizes memory chips to store program instructions, settings, and data, enabling the performance of various tasks, process management, and ensuring proper operation. For example, EMVCo, a US-based non-governmental organization, reported that by the end of 2022, there were 12.8 billion EMV chip cards in circulation globally, marking a 7% increase from the previous year. The report also highlighted that 69% of all cards issued worldwide were EMV-enabled, and 93% of all card-present transactions used EMV chip technology. As a result, the growing demand for chips is fueling the growth of the etching machine market.
An upsurge in the demand for electronic components is expected to drive the expansion of the etching machine market in the coming years. Electronic components, vital elements within a circuit, facilitate circuit operation and control the electron flow in electronic circuits, systems, or devices. Laser etching plays a crucial role in the electronics manufacturing process, particularly in the creation of customized process control boards (PCBs) governing consumer electronics and offering a streamlined system for integrating diverse electronic components. For instance, based on the March 2022 Electronic Components Industry Association (ECIA) report, the actual overall sales sentiment for February stood at 129.4, surpassing expectations by 16.3 points as revealed in the February 2022 Electronic Component Sales Trend Survey (ECST). Consequently, the surge in demand for electronic components acts as a catalyst propelling the growth of the etching machine market.
Leading companies in the etching machine market are focusing on the development of innovative etching machines, such as diode laser technology, which differs from plasma and vacuum technologies, to address the growing demands for miniaturization and sustainability in sectors like electronics and semiconductor manufacturing. Diode laser technology uses a semiconductor to generate laser light via electroluminescence when an electric current is applied. These lasers are compact, efficient, and commonly used across various applications, including telecommunications and medical devices. For example, in April 2023, ELEGOO, a China-based technology firm, introduced the PHECDA laser engraving machine. This machine offers versatile engraving and cutting capabilities for different materials, featuring user-friendly options like Wi-Fi connectivity and safety mechanisms. Its affordable price and ample workspace make it a great choice for hobbyists and small businesses looking to efficiently create custom projects.
In September 2023, Plasma-Therm, a US-based global manufacturer, acquired Thin Film Equipment Srl (TFE) for an undisclosed amount. This acquisition allows Plasma-Therm to expand its presence in the European market, enhance its product offerings in the power device sector, and improve customer support. TFE, an Italy-based supplier, specializes in the manufacturing of deposition systems that complement etching machines to create and pattern thin films for semiconductor and microelectronic applications.
Major companies operating in the etching machine market report are Tokyo Electron Ltd., Panasonic Holdings Corporation, Nucor Corporation, Applied Materials Inc., Lam Research, Trumpf GmbH + Co. KG, Hitachi High-Tech Corporation, Newport Corporation, Coherent Inc., DISCO Corporation, Plansee SE, Han's Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Jenoptik AG, Lumentum Operations LLC, Graepel, Plasma-Therm LLC, Eurolaser GmbH, Trotec Laser, Universal Laser Systems, Epilog Corporation, CVD Equipment Corporation, Suzhou Delphi Laser Co. Ltd., Advanced Dicing Technologies, Sintec Optronics Pte Ltd.
North America was the largest region in the etching machine market in 2024. The regions covered in the etching machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the etching machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The etching machine market consists of sales of CNC (computer numerical control) milling machines, vinyl cutting plotter machines, and laser cutting machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Etching Machine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on etching machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for etching machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The etching machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.