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The semiconductor wafer inspection equipment market share is expected to increase by USD 2.09 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9%.
This semiconductor wafer 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 semiconductor wafer inspection equipment market segmentation by technology (optical wafer inspection and electron beam wafer inspection), end-user (foundries and IDMs), and geography (APAC, North America, Europe, South America, and MEA). The semiconductor wafer inspection equipment market report also offers information on several market vendors, including Applied Materials Inc., ASML Holding NV, Camtek Ltd., Carl Zeiss AG, Hitachi High Technologies Corp., KLA Corp., Lasertec Corp., Nikon Corp., Onto Innovation Inc., and Toray Industries 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 demand for IoT devices is notably driving the semiconductor wafer 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 semiconductor wafer inspection equipment market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Semiconductor Wafer Inspection Equipment Market Driver
One of the key factors driving the semiconductor wafer inspection equipment market growth is the growing demand for IoT devices. There is a tectonic shift in the semiconductor industry due to the exponential growth of the Internet of things (IoT) market. Hence, the role of semiconductor inspection systems became more crucial in order to produce sensors of extreme quality. IoT technology enables the connected device to use sensors and actuators to collect, record, and transmit data to other computing devices on a real-time basis. Several market participants are working in collaboration to address the need for connecting different products with a common networking standard that provides interoperability with the widest range of smart devices. In 2014, the Open Interconnect Consortium was introduced by a group of companies, including Intel, Samsung, Broadcom, Atmel, and Dell. The consortium was set up with the objective of establishing a standard for interoperability across various verticals in the market, such as smart homes and offices as well as automotive, industrial, and health applications. This will accelerate the development of multifunctional ICs compatible with all the networking standards and support higher bandwidth applications, resulting in the increasing demand for semiconductor wafers to manufacture these components.
Key Semiconductor Wafer Inspection Equipment Market Trend
Another key factor driving the semiconductor wafer inspection equipment market growth is the increasing focus on large diameter wafer size. For the last 40 years, there has been a dramatic increase in the wafer size of semiconductors. Wafer sizes were initially only 23 mm in 1960, and presently, there are 300 mm wafer sizes. A large diameter wafer will have a larger surface area, which indicates a high number of chips that can be manufactured at low manufacturing costs. Increasing the wafer size reduces manufacturing costs by 30% and device costs by 20%-50%. Major memory manufacturers, such as SAMSUNG, Micron Technology, and SK HYNIX, have been developing memory ICs built on 300 mm wafers and are the major consumers of these wafers. Some other firms that include pure-play foundries, such as Taiwan Semiconductor Manufacturing Company, GLOBALFOUNDRIES, United Microelectronics, and SMIC, are developing ICs that are best suited for the development of 300-mm wafers. Therefore, it is expected that the increasing demand for semiconductor wafers will have a positive impact on the growth of the global semiconductor wafer inspection equipment market during the forecast period.
Key Semiconductor Wafer Inspection Equipment Market Challenge
The cyclic nature of the semiconductor industry is one of the key challenges hindering the semiconductor wafer inspection equipment market growth. The semiconductor industry is a highly volatile market, with huge margins of growth, which is followed by industry retrenchments. This cyclicity of the semiconductor industry makes the industry highly volatile. Some examples of downturns that affect the market drastically are excess production capacity, obsolete products, and rapid price erosion of ICs. Rampant fluctuations can often lead to excess inventory levels in times of low demand and low inventory levels in times of high demand. Thus, the fluctuating demand for semiconductor components drastically affects the demand for semiconductor capital equipment, resulting in a fluctuating demand for this type of equipment. This can be ascertained with the fluctuating revenue stemming from wafer inspection equipment offered by semiconductor capital equipment manufacturers. The fluctuations in demand in end-user industries result in high supply and demand fluctuations in the semiconductor supply chain. The bullwhip phenomenon increases the inventory levels in the supply chain, causing several issues related to time-to-market, R&D funding, and design delays. This will generate wide fluctuations in the demand of the market in focus.
This semiconductor wafer 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 2021-2025.
Technavio categorizes the global semiconductor wafer inspection equipment market as a part of the global 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 semiconductor wafer 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 semiconductor wafer inspection equipment market encompasses successful business strategies deployed by the key vendors. The semiconductor wafer inspection equipment market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
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 semiconductor wafer 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 semiconductor wafer 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.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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78% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for semiconductor wafer inspection equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high concentration of foundries, semiconductor wafer manufacturers, semiconductor manufacturers, original equipment manufacturers (OEMs), and original design manufacturers (ODMs) in the region will facilitate the semiconductor wafer 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
In 2020 semiconductor wafer inspection equipment market in APAC witnessed certain challenges due to the COVID-19 pandemic. India, China, Indonesia, and Bangladesh are some of the most affected countries in APAC. For instance, according to the European Centre for Disease Prevention and Control, on November 30, 2020, there were 9,431,691 COVID-19 cases in India. Due to the economic implications of COVID-19, consumers' disposable income has decreased and resulted in consumers reducing or delaying their purchases of durable electronics goods, including smartphones and others. Also, smartphone and consumer electronics companies in India are facing production cuts and possible delays in the launch of new products due to the COVID-19 pandemic and disrupted component supplies from China. Hence, these are some of the factors that negatively affected the development of the semiconductor industry and will hinder the demand for semiconductor wafer inspection equipment in APAC, but with the lockdowns being revoked, the growth of the market will gradually increase in the forecast period.
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The semiconductor wafer inspection equipment market share growth by the optical wafer inspection will be significant during the forecast period. Optical wafer inspection technology is the most widely adopted wafer inspection technology in the semiconductor manufacturing industry. Thus, with an increase in the number of semiconductor fabs, the demand for optical wafer inspection equipment will also increase.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast-tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the semiconductor wafer inspection equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Semiconductor Wafer Inspection Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
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Market growth 2021-2025 |
$ 2.09 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.57 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 78% |
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Key consumer countries |
China, Taiwan, Japan, Germany, and South Korea (Republic of Korea) |
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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, Camtek Ltd., Carl Zeiss AG, Hitachi High Technologies Corp., KLA Corp., Lasertec Corp., Nikon Corp., Onto Innovation Inc., and Toray Industries 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, Market condition analysis for 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 Technology
6 Market Segmentation by End-user
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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