Semiconductor Etch Equipment Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Process, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

Semiconductor Etch Equipment Market Research, 2031

The global semiconductor etch equipment market size was valued at $20.5 billion in 2021, and is projected to reach $46.4 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031. 

Semiconductor etch equipment is a device used to remove selective materials from the surface of the silicon wafer substrate by using the wet etching method or dry etching method. The wet etch method use chemical to remove the selective material from the silicon wafer substrate. The dry etch method use plasma ion to remove the selective material from the silicon wafer substrate. The etching process removes the material from the surface of the semiconductor to create patterns according to its applications.

Market Dynamics

Semiconductor etch equipment is a device used to remove selective materials from the surface of the silicon wafer substrate by using the wet etching method or dry etching method. The wet etch method use chemical to remove the selective material from the silicon wafer substrate. The dry etch method use plasma ion to remove the selective material from the silicon wafer substrate. The etching process removes the material from the surface of the semiconductor to create patterns according to its applications.

Rapid growth of the semiconductor industry is major driver of the market. Semiconductor manufacturing equipment is one of the most important requirements in the global electronics industry. Researchers from the U.S. Army are developing a new method of incorporating Silicon Carbide (SiC)-powered semiconductors into modern weaponry and equipment. Moreover, increase in demand for electronics devices by the consumers drives the demand for chips, which in turn is expected to boost the demand for semiconductor etch equipment indirectly throughout the projected period.

Increase in demand for hybrid circuits in medical equipment, owing to increase in patients is propelling the demand for semiconductor chips. For instance, the United Nations estimates that the geriatric population in the region, aged 60 years and older, could reach around 806.55 million, by 2024. Changing consumer electronics demand is expected to fuel the market for electric circuit boards, which will in turn drive the demand for semiconductor etch equipment. Such instances are expected to positively influence the semiconductor etch equipment market growth.

Fluctuation in raw material prices is expected to slow down market growth. The semiconductor etching system is majorly made from raw materials such as metal, silicon, and other. From past few years, price of these raw materials has been fluctuating, owing to a range of economic and speculative aspects. Government-led stringent laws, tariffs, and regulations against deforestation, metals, and other materials used in semiconductor etching systems have declining revenues and profits of manufacturers to a substantial extent. Thus, all such factors are expected to hinder the growth of the market.

Furthermore, during the outbreak of the COVID-19 pandemic, the construction, manufacturing, and electronic industries were majorly affected. Manufacturing activities were halted or restricted. Manufacturing and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of semiconductor as well as their demand in the market, thereby restraining the growth of the semiconductor etch equipment market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to the re-initiation of semiconductor etch equipment companies at their full-scale capacities, which is likely to help the semiconductor etch equipment industry to recover.

Segment Overview

This is attributed the rising government attention and investments in semiconductor industry is expected to drive the semiconductor etch equipment market. For instance, the Chinese government is focusing on assisting the chip industry and has budgeted over USD 150 billion in investments by 2030 to push semiconductor production. Such factors are expected to increase the demand for semiconductors, which in turn, is anticipated to boost the demand for semiconductor etch equipment.

The semiconductor etch equipment market forecast report is segmented into Type, Process and End User. On the basis of type, it is classified into wet etch equipment and dry etch equipment. By process, it is segregated into conductor etch and dielectric etch. On the basis of end user industry, it is categorized into integrated device manufacturers, foundry, and memory manufacturers. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By type, in 2021, the dry etch equipment segment dominated the semiconductor etch equipment market in terms of revenue and wet etch equipment segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of process, the conductor etch segment led the market in 2021, in terms of revenue, and dielectric etch segment is anticipated to register the highest CAGR during the forecast period. On the basis of end user industry, the integrated device manufacturers segment led the semiconductor etch equipment market in 2021, in terms of revenue, and the foundry segment is anticipated to register the highest CAGR during the forecast period. Region wise, Asia-Pacific held the largest semiconductor etch equipment market share in 2021, and North America is anticipated to register the highest CAGR during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the semiconductor etch equipment market analysis from 2021 to 2031 to identify the prevailing semiconductor etch equipment market opportunities.
• The semiconductor etch equipment market overview is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the semiconductor etch equipment market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global semiconductor etch equipment market trends, key players, market segments, application areas, and market growth strategies.

  Semiconductor Etch Equipment Market Report Highlights

Aspects	Details
Market Size By 2031	USD 46.4 billion
Growth Rate	CAGR of 8.3%
Forecast period	2021 - 2031
Report Pages	230
By Type	Wet etch equipment Dry etch equipment
By Process	Dielectric Etch Conductor Etch
By End User	Integrated device manufacturers Foundry Memory manufacturers
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, France, UK, Italy, Rest of Europe) Asia-Pacific  (China, Japan, Taiwan, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market Players	ASML Holding NV, Shenzhen Delphi Laser & Robot Co., Ltd., Samco inc., Spts technologies ltd., Panasonic Industry Co., Ltd., Ulvac, Hitachi High-Technologies Corp (HHT), EV Group (EVG), Tokyo Electron Limited, Applied Materials, Inc.

Analyst Review

The global semiconductor etch equipment witnessed a huge demand in Asia-Pacific followed by North America. The highest share of the Asia-Pacific market is attributed to the rise in demand for electronics and medical equipment. Semiconductor etch equipment is a device used to remove selective materials from the surface of the silicon wafer substrate by using the wet etching method or dry etching method. Rapid growth of the semiconductor industry is major driver of the market. Semiconductor manufacturing equipment is one of the most important requirements in the global electronics industry. In addition increase in demand for hybrid circuits in medical equipment, owing to increase in patients is propelling the demand for semiconductor chips. For instance, the United Nations estimates that the geriatric population in the region, aged 60 years and older, could reach around 806.55 million, by 2024. Fluctuation in raw material prices is expected to slow down market growth. The semiconductor etching system is majorly made from raw materials such as metal, silicon, and others. Rising government attention and investments in semiconductor industry is expected to drive the semiconductor etch equipment market. For instance, the Chinese government is focusing on assisting the chip industry and has budgeted over USD 150 billion in investments by 2030 to push semiconductor production. Such factors will increase the demand for semiconductors in turn increasing the demand for semiconductor etch equipment and thus will offer opportunities for market growth.

Author Name(s) : Saurabh Vijay Samel | Sonia Mutreja

Related Tags

• Industrial Automation