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The mask inspection equipment market share is expected to increase by USD 319.02 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.35%.
This mask inspection equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mask inspection equipment market segmentation by end-user (captive mask shops and merchant mask shops), technology (optical and e-beam), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The mask inspection equipment market report also offers information on several market vendors, including Applied Materials Inc., ASML Holding NV, Bruker Corp., Carl Zeiss AG, HORIBA Ltd., JEOL Ltd, KLA Corp., Lasertec Corp, MueTec Automatisierte Mikroskopie und Messtechnik GmbH, Nanometrics Inc., Nikon Corp., NuFlare Technology Inc., and Planar Systems Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing investment in new fabs is notably driving the mask inspection equipment market growth, although factors such as the cyclic nature of the semiconductor industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mask inspection equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Mask Inspection Equipment Market Driver
One of the key factors driving growth in the mask inspection equipment market is the growing investment in new fabs. Semiconductor fabs are fabrication plants that manufacture ICs. ICs are either designed in-house by the firms or manufactured by pure-play foundries. To meet the demand for ICs, there will be an increase in investments in the construction of new fabs, which will require mask inspection equipment. Cree Inc. (Cree) announced its plan to invest up to $1 billion in the expansion of its SiC fabrication facility at its US campus. SK HYNIX announced its plan to invest almost $107 billion in four new fabrication plants and further invest $49 billion in the existing facilities. If investments for the construction of fabs get through, there will be an increase in demand for mask inspection equipment that is installed at these facilities. Mask inspection equipment is used to identify defects in masked fabs and identify pattern defects during the production process. Hence, the construction of fabs will increase the installation of mask inspection equipment and drive the growth of the market.
Key Mask Inspection Equipment Market Trend
The emergence of actinic inspection technology is a mask inspection equipment market trend that is expected to have a positive impact in the coming years. Ensuring zero-defect masks remains one of the key challenges for high-volume manufacturing processes in fabrication facilities. The successful production of defect-free masks depends on the timely development of defect inspection equipment such as mask black inspection equipment and absorber pattern inspection equipment. Actinic mask inspection equipment has high detection capabilities as it has high resolution and low-noise imaging. Vendors operating in the market are introducing actinic patterned mask inspection equipment because of advantages such as high resolution and low-noise imaging. Lasertec participated in a joint R&D program for five years, from 2011 to 2015, to develop a EUV mask blank inspection system integrated with Actinic Blank Inspection (ABI) technology under the sponsorship of the New Energy and Industrial Technology Development Organization, a government organization in Japan. Through this joint R&D program, the company developed actinic EUV patterned mask inspection equipment.
Key Mask Inspection Equipment Market Challenge
The cyclic nature of the semiconductor industry will be a major challenge for the mask inspection equipment market during the forecast period. A major challenge faced by the global mask inspection equipment market is the increasing gap between demand and supply. One of the factors for this gap is the cyclic nature of the semiconductor industry. For instance, the sales of NAND flash memory modules depend on the demand of smartphones, data centers, servers, cloud storage devices, and other consumer electronic devices that integrate memory devices. Even though IDMs try to align their production, an unforeseen alteration in demand for end devices can lead to an oversupply or shortage. This leads to a gap between demand and supply and creates backlogs for vendors in the market. Thus, the cyclic nature of the semiconductor industry has an adverse impact on the demand for mask inspection equipment.
This mask inspection equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global mask inspection equipment market as a part of the global semiconductor equipment market within the global semiconductors and semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mask inspection equipment market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the mask inspection equipment market encompasses successful business strategies deployed by the key vendors. The mask inspection equipment market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
appliedmaterials.com - The company offers mask inspection equipment for the applied materials display and display industry.
appliedmaterials.com - The semiconductor systems segment focuses on providing manufacturing equipment used to fabricate semiconductor chips and ICs. This segment consists of various semiconductor capital equipment used by IDMs and foundries.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The mask inspection equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the mask inspection equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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54% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for mask inspection equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of numerous foundries, semiconductor wafer manufacturers, semiconductor manufacturers, original equipment manufacturers (OEMs), and original design manufacturers (ODMs) will facilitate the mask inspection equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in APAC is expected to hamper the growth of the regional mask inspection equipment market. Several countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or full lockdowns due to the pandemic. The growing demand for smartphones and PCs creates an increasing need for advanced and power-efficient semiconductor ICs, which will contribute to the growth of the mask inspection equipment market in the second half of 2021. In addition, the need for shorter product life cycles in the semiconductor industry is expected to boost the growth of the mask inspection equipment market.
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The mask inspection equipment market share growth by the captive mask shops segment will be significant during the forecast period. An increase in the construction of semiconductor facilities by foundries and IDMs will lead to a rise in the demand for mask inspection equipment to meet production needs.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mask inspection equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Mask Inspection Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.35% |
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Market growth 2022-2026 |
$ 319.02 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.9 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 54% |
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Key consumer countries |
US, China, Japan, India, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Applied Materials Inc., ASML Holding NV, Bruker Corp., Carl Zeiss AG, HORIBA Ltd., JEOL Ltd, KLA Corp., Lasertec Corp, MueTec Automatisierte Mikroskopie und Messtechnik GmbH, Nanometrics Inc., Nikon Corp., NuFlare Technology Inc., and Planar Systems Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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