Semiconductor Inspection System Market to Reach USD 8.3 Billion at 5.1% CAGR During Forecast Period

Pune, India, July, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Semiconductor Inspection System Market Research Report.

According to the in-depth report by Market Research Future (MRFR), the global semiconductor inspection system market is projected to amass USD 8.3 billion by 2030. It is expected to scale at a 5.1% CAGR during the forecast period (2022–2030). The semiconductor inspection system market has witnessed a tectonic surge over the past years due to its extensive use in manufacturing consumer electronics, primarily due to increasing demand for air conditioners, fridges, and washing machines. This, in turn, propels the demand for efficient and defect-free semiconductor devices, triggering the global market growth. Growing demand for semiconductor inspection system has spurred the competition among market players and will continue during the forecast period. Other factors shaping the market are expansion of Internet-of-Things (IoT) and emergence of connected devices.

Market Segmentation

The global semiconductor inspection system market is segmented on the basis of type and end-user

Types of semiconductor inspection systems are wafer inspection system and mask inspection system. The increasing adoption of novel consumer electronic devices and emerging manufacturers drive the growth of the wafer inspection system segment. Furthermore, the advantages offered such as longer wafer life and timely detection of defects fuels the wafer inspection system market expansion.

The end-users in the market are small & medium enterprises and large organizations.

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Regional Outlook

The semiconductor inspection system market report covers trends and opportunities across North America, Europe, Asia Pacific, and the Rest-of-the-World (RoW).

The Asia Pacific market has observed an increasing demand for semiconductor wafers in consumer electronics due to high adoption of smart devices by the consumers. Countries such as China, Japan, and South Korea are major hubs for manufacturing companies, thereby widening the market reach over the region. The stable economic growth experienced by these countries and massive industrialization are propelling the market growth.

The North America region has surged vigorously due to existing players in the market trying to improve their financial fluidity in a bid to invest in semiconductor inspection systems. Furthermore, localization is a favored trend in the region by manufacturers in the region. Increasing merger and acquisition activities are fueling the market size. For instance, in 2018, Xcerra Corporation and Cohu, Inc. entered into a merger agreement which strengthened Cohu’s position in the market.

In Europe, rising in demand for low costing and high performing semiconductors has augmented the market growth. Countries such as Germany are a hub for electronics and automotive sectors that drive the market expansion in this region. Moreover, vast demand for laptops, gaming consoles, smartphones, tablets, and set-top boxes will expand the size of the market in Europe.

The Middle East and Africa market is witnessing a steady surge due to new entrants making their way into the region and widen their customer base. Stiff competition between market players and substantial production of semiconductor inspection systems strive to fuel the market growth. Moreover, increasing demand for semiconductor integrated circuits (ICs) in applications such as consumer electronics, automobiles, and industrial sector in the region is prompting the firms to increase their production in this region.

Competitive Landscape

The competing players in the global semiconductor inspection system market are ASML Holding NV, Applied Materials, Inc., Hitachi High-Technologies Corp., Nanometrics, Inc., Rudolph Technologies, Inc., Nikon Metrology NV, and others.