The wafer inspection market is expected to grow at a sturdy CAGR of 10.6% during the forecast period. The valuation of USD 3598.2 million as on 2022 is expected to jump to nearly USD 9867.7 million by 2032.
Mammoth increase in the growth of semiconductor industry, along with the surging demand to maintain intact quality of products is expected to upsurge the sales of Wafer inspection.
| Report Attribute | Details |
|---|---|
| Wafer Inspection Market Size in 2022 | USD 3598.2 million |
| Wafer Inspection Market Anticipated Forecast Value (2032) | USD 9867.7 million |
| Wafer Inspection Market Projected Growth Rate (2022 to 2032) | 10.6% |
A wafer inspection is equipment that detects physical defects and any pattern defects on the wafers. Moreover, the inspection system locates the position coordinates on a two-dimensional space for these defects. They act as wafer cleaning systems as well because of their capability to locate the presence of defects accurately.
Additionally, the ability to work like a wafer test system increases the scope of usage of this equipment as they help in carrying out the preliminary analysis effectively.
The expected growth in the demand for wafer inspections can be inferred by comparing the expected CAGR for the forecast period with the historical CAGR. Where the historical CAGR was 9.1%, the predicted CAGR for the forecast period has slightly increased to 10.6%.
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Increased demand for Integrated Circuits
There has been a massive increase in the growth of the semiconductor industry. Integrated circuits are a significant part of the semiconductors because of which there is a proportional increase in the application of Integrated Circuits. Moreover, in order to keep a check on the condition of the substrates which are present below the IC, Wafer inspections are employed.
This is well expected to increase the sales of wafer inspections.
Rise in the usage of electronic devices
With the evolution of the electronic industry, it is quite clear that almost every aspect of electronic devices has undergone a massive transformation. It can be in terms of size of the device, performance of device etc. It is relevant to note here that these wafer inspections are used before such circuits are embedded in these devices.
Consistent evolution of telecom sector
The most trending discussion point in the present telecom sector is the rise of 5G. However, there are parts of the world where the testing and implementation of 6G as well has begun. All these generations of telecommunication technology can only work if the towers are installed at the right places.
Moreover, for the immaculate operation of these towers, there are a number of semiconductors which are put into place, both at the site and in the control stations. This is expected to massively influence the demand for wafer inspection.
Ability to detect even minutest of defects
Working inside a semiconductor would mean dealing with extremely small defects which in the range of nanometres. The best part about making use of the wafer inspections is that they are able to detect scratches, wafer edge flaws, spin defects etc. with a high precision.
High Cost
Though the application of Wafer inspections has a lot of benefits, the cost associated with its usage is quite high. Because of this, only those players with high purchasing power can afford this device.
This might have a level on influence on the sales of wafer inspection.
Shrinking size of circuits
Despite the ability to work in the defects which are of nanometre range, the Wafer inspection may not act effectively on the upcoming circuits. The reason being that the focus of manufacturers mainly lies to further reduce the size of these circuits. These present a potential challenge in front of the wafer integration system market.
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Growth of IT, IoT, and E-Commerce
The IT, IoT, and eCommerce are all set to experience enormous growth in the coming years. Moreover, these industries extensively make use of wireless technology. The application of wireless technology is possible with the usage of IC’s and semiconductors.
This presents a galaxy of opportunity in front of the wafer inspection market.
The North American Wafer inspection market currently occupies 29.4% of the market share, and during the period 2022 to 2032, the market is expected to rise further in the region.
Massive development in electronics industry, coupled with the increasing usage of electronic devices like TV, smartphones etc., are expected to increase the demand for Wafer inspection in the region. Moreover, even the companies present in this region are willing to spend on the application of Wafer inspections.
The European wafer inspection market currently has a market share of 26.5%, and during the forecast period, the market is expected to grow.
The reason remains the same as in the case of North America, i.e., development in electronics industry and willingness of the companies to spend on wafer inspection. Moreover, the manufacturers in this region are very particular about the quality and performance of integrated circuits. This is expected to drive the sales of wafer inspection.
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The growth of the semiconductor industry has presented a doorway of opportunities for the start-ups.
The start-ups are mainly focusing at working on the miniaturised circuits. They are effectively looking for ways to rectify the defects which are beyond nanometre range to work in tandem with the current requirements of the ICs.
Saccade develops solutions for dimensional and targeted inspection of precise manufacturing. The firm makes use of MEMS-based laser inspection system. This ensures anti-defect manufacturing while reducing costs.
With a view to widen their presence, the key players in wafer inspection market are looking to expand their operations across countries. This will enable the host country by purchasing the device at a relatively lower cost, and even the quality will not be compromised.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.6% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Technology, Defect Type, Region |
| Regions Covered | North America; Latin America; Asia Pacific; MEA; Europe |
| Key Countries Profiled | The USA, Canada, Brazil, Argentina, Germany, The UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC, South Africa |
| Key Companies Profiled | Applied Materials, Inc.; KLA-Tencor Corporation; ASML; Hermes Microvision, Inc.; Hitachi High-Technologies Corporation; Lam Research Corporation; Nanda Technologies GmBH; NXP Semiconductors; Taiwan Semiconductor Manufacturing Company Limited; Synopsys |
| Customization | Available Upon Request |
The wafer inspection market is projected to grow at a CAGR of 10.6% during the forecast period.
The wafer inspection market has a valuation of USD 3598.2 million as on 2022.
The wafer inspection market is expected to be valued USD 9867.7 million in 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Wafer Inspection Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 5.1. E-beam detection technology 5.2. Optical detection technology 6. Global Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Defect Type 6.1. Random defects detection 6.2. Systematic defects detection 7. Global Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Wafer Inspection Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Wafer Inspection Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Applied Materials, Inc. 15.2. KLA-Tencor Corporation 15.3. ASML 15.4. Hermes Microvision, Inc. 15.5. Hitachi High-Technologies Corporation 15.6. Lam Research Corporation 15.7. Nanda Technologies GmBH 15.8. NXP Semiconductors 15.9. Taiwan Semiconductor Manufacturing Company Limited 15.10. Synopsys, Inc 16. Assumptions & Acronyms Used 17. Research Methodology
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Wafer Inspection Market
