Semiconductor Inspection System Market Research Report – Forecast to 2027

Global Semiconductor Inspection System Market Research Report Information: By Type (Wafer, Mask), By End-user (SMEs, Large Enterprises) – Forecast till 2027

ID: MRFR/SEM/1265-CR | July 2018 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Market Research Future (MRFR) predicts the global semiconductor inspection system market size to reach USD 6.91 billion at a 14.3% CAGR during the assessment period (2017-2023). Semiconductor inspection systems, as the name suggests, are systems capable of detecting flaws or defects in semiconductor chips prior to fabrication. Growing demand for high-performing and low-cost semiconductor chips is the major factor driving the market. The demand for wafers in the consumer electronics sector is projected to boost market demand over the forecast period. The advent of the Internet-of-Things (IoT) and its subsequent integration in connected devices in critical industries can bode well for the industry and provide it with a much-needed impetus. The growth of small and medium-sized companies will fuel market demand in the coming years.


COVID-19 Impact on the Global Semiconductor Inspection System Market


Implementation of a number of regulations by the governments of multiple nations to cope with the COVID-19 pandemic, such as a complete shutdown of manufacturing facilities, limited production, and reduced demand for end products, is projected to have an impact on the growth of the global semiconductor inspection system market.


Market Dynamics


Drivers


Emerging technological developments to boost market growth 


The most recent technical developments have greatly contributed to a major transformation in the semiconductor inspection system. The increasing proliferation of the Internet of Things (IoT) and the advent of connected devices are expected to spur the overall growth of the global market for semiconductor inspection systems.


High demand for high-performance and low-cost semiconductors to push market growth 


Increasing demand for high-performance and low-cost semiconductors are primary drivers of market growth. Semiconductor inspection systems offer vital benefits, such as equipment problem detection, durability, and high performance, and no delays in production are driving the development of the market.


Restraints


A small number of manufacturers, a shortage of resources, and unstable raw material prices to limit market growth


A limited number of manufacturers, a lack of resources, and volatile raw material prices are potential constraints that impede the global market for semiconductor inspection systems.


Market Segmentation


By type, wafer inspection system segment to garner the highest CAGR


The wafer inspection system segment is projected to have a CAGR of 14.7% during the forecast period. Wafer inspection systems are instrumental in maintaining a high process throughput and in detecting the particles in the bottom of the contact holes and on the surface.


By end-use, large enterprise segment to dominate the global market 


The large enterprise segment led the market in 2017 due to rapid industrialization and the need for a wide variety of equipment to work in large-scale assemblies. Large organizations can outsource ancillary businesses to concentrate on their core businesses.


Regional Analysis


APAC to lead the global market 


APAC is the largest revenue-generating market for semiconductor inspection systems. Increased domestic IC production in this region is a critical factor in the growth of demand. India, Nepal, Bangladesh, and Thailand are the main markets in the APAC.


Competitive landscape  


Players in the industry concentrate on reducing the size of integrated circuits while at the same time having twice the capacity and speed of previous-generation semiconductor chips. The advent of IoT and the urgent need for sensors in connected devices can give these players new growth opportunities.


Key Players


The global semiconductor inspection system market key players are Rudolph Technologies, Inc., JEOL Ltd., Hitachi High-Technologies Corp., Nanometrics, Inc., KLA-Tencor Corporation, Applied Materials, Inc., Nikon Metrology NV, Lasertec Corporation, Thermo Fisher Scientific, Inc., and ASML Holding NV.


Recent Developments


A few companies dominate the market for semiconductor inspection system. Among them, Applied Materials, Inc. is one of the largest providers of semiconductor inspection system solutions with a 13% share. KLA-Tencor recently launched its next-generation e-beam inspection system (PROVision) to ensure accurate process characterization, prediction, and detection of output and yield-limiting defects across the company's IC fab-based reticle inspection portfolio.


KLA-Tencor Corporation manufactures semiconductors with mixed signals and has an 11 percent market share. KLA-Tencor inspection and metrology products and related offerings involve chip manufacturing, wafer manufacturing, reticle manufacturing, light-emitting diode (LED), power and compound semiconductor manufacturing, data storage media/head manufacturing, microelectromechanical systems (MEMS) manufacturing, and general-purpose/lab applications. KLA-Tencor Corporation has recently acquired Orbotech to extend its market reach within the electronics value chain, apart from process control. ASML Holding NV is a manufacturer of chip-making equipment involved in developing, manufacturing, marketing, and servicing advanced semiconductor equipment, consisting of lithography-related systems, and holds a 9% share. In particular, the company provides lithographic systems and related products.


Hitachi High Technologies Corp. is involved in the development, manufacturing, marketing, and sale of electronic and electrical equipment systems and owns 8% shares. The strategy of the company is to introduce numerous new products to improve the development framework for addressing changing consumer needs in the next generation cutting-edge processes and memory mass production technologies.


Nikon Metrology specializes in the manufacture of metrology solutions for automotive, aerospace, medical, telecommunication/satellites, energy, consumer goods/white goods/household, electronics, universities/research, and manufacturing markets. It has a market share of 6%. The company focuses on new product development by investing aggressively in its research and development and product enhancement initiatives to broaden its product range to different industry verticals.


Report Overview


This report estimates revenue growth at global, regional, and country levels and offers an insight into the latest developments in each of the sub-sectors from 2017 to 2023. For the purpose of this analysis, MRFR divided the global semiconductor inspection system market report by type, end-use, and region.


Segmentation Table 


By Type



  • Wafer semiconductor inspection system

  • Mask semiconductor inspection system


By End-user



  • Small & medium enterprises

  • Large enterprises



Frequently Asked Questions (FAQ) :


global semiconductor inspection system market is expected to reach USD 6.91 billion by 2023.

global semiconductor inspection system market is expected to expand at 14.3% CAGR from 2017 to 2023.

global semiconductor inspection system market is driven by low cost of high-performing semiconductor chips.

APAC can lead in the global semiconductor inspection system market.

JEOL Ltd., KLA-Tencor Corporation, Lasertec Corporation, Applied Materials, Inc., Rudolph Technologies, Inc., Thermo Fisher Scientific, Inc., ASML Holding NV, Nanometrics, Inc., Nikon Metrology NV, and Hitachi High-Technologies Corp. are key players of the global semiconductor inspection system market.

Global Semiconductor Inspection System- Summary


The global semiconductor inspection system market is all set to touch a market valuation of USD 6.91 billion at an impressive speed of CAGR 14.3 % during the forecast period (2017-2023), asserts Market Research Future (MRFR). The device has become an integral part of several industries owing to its ability to detect failures in semiconductor devices. It is imperative to identify the failure at an early stage to avoid incurring enormous production cost. The system empowers the facility by saving much-needed production time and expenditure.


Multiple industries such as Blockchain, currency mining, high-performance computing, and data centers have registered a considerable demand for the semiconductor inspection system. Owing to the need to perform better in diverse industrial sectors the necessity for semiconductor chips are also on the rise. And the time is ripe for the market to attain further growth as developing regions such as Asia Pacific is now emerging as a market giant with hitherto unthinkable possibilities.


The market is experiencing a domino effect where the demand for high-performance chips has spurred the same industrial growth. The demand has also spread out in various directions within the sector to influence further innovations. The need for automotive chips are also rising exponentially, and the market is having every day a hands-on experience of the newer methods of production. The impact is visible in the production of GPUs and various application-specific chips which are coveted mostly by the end-users.


The advent of the Internet of Things (IoT) has opened up diverse prospects for the said market as it has emerged as indispensable in spectrums used for sensing, communication, big data processing, and data storage, and others. The digitalization of the world has unleashed the need for smart devices allowing the semiconductor wafer perform remarkably in consumer products such as smartphones, digital cameras, televisions, and smart LEDs. The steep competition in smart devices has influenced companies in investing hefty amounts in research and development to get rid of even the minutest error.


However, limited resource is a constant worry. The recurring expenditure in research and development to meet the ever-developing market’s need which discards the old technologies with a snap can also impede the market growth during the forecast period. Manufacturers get hardly any time to build something that would sustain this ever-shifting market trends.


Segmentation:


The global market for semiconductor inspection system can be segmented by type and end-user.


By type, the market is comprised of wafer inspection system and mask inspection system. However, it is getting dominated by wafer inspection system which happens to be the fastest growing segment as well. The predicted CAGR of 14.7% can help the segment attain the market valuation of USD 4.68 billion during the prognosis period. Various equipment and facilities always leave room for constant development and the wafer inspection system is garnering much from all quarters just by filling up that space.


End-user wise segmentation includes small & medium enterprises (SME) and large organizations. The large organization segment is currently dictating the market, and with a CAGR of 15%, it will continue to do so in the coming years.


Regional Analysis:


Geographically, the global semiconductor inspection system market is segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).


APAC is the currently leading the market. The dominance has been adequately backed by the technological advancement and developing infrastructure. China is the flag bearer and has fetched in USD 459.9 million in 2017 and is estimated to grow with an excellent CAGR of 20.2% during the forecast period. South Korea, Japan, and India are following the lead respectively.


North America is second in the global market owing to its tendency of adopting the latest technology and well-established infrastructures for various industries. Canada is the frontrunner and accounted for generating USD 399.9 million as revenue. It is expected to grow with a stellar CAGR of 13.7% during the forecast period.


Market Competition:


Some of the prominent players in the global semiconductor inspection system market are ASML Holding NV, KLA-Tencor Corporation, Lasertec Corporation, Rudolph Technologies, Inc., Hitachi High-Technologies Corp., Nanometrics, Inc., Applied Materials, Inc., Nikon Metrology NV, JEOL Ltd., and Thermo Fisher Scientific, Inc.


 


 

Increasing demand for semiconductor wafers in consumer electronics is driving the semiconductor inspection system market creating a highly competitive landscape.


A few players dominate the semiconductor inspection system market. Among them, Applied Materials, Inc. is one of the leading providers of semiconductor inspection system solutions holding a 13% share. Recently, KLA-Tencor has introduced its next-generation e-beam inspection system (PROVision) to ensure accurate process characterization, prediction, and detection of performance and yield-limiting defects throughout the company's IC fab-based reticle inspection portfolio.


KLA-Tencor Corporation manufactures mixed-signal semiconductors and holds 11% market share. KLA-Tencor's inspection and metrology products and related offerings include chip manufacturing, wafer manufacturing, reticle manufacturing, light emitting diode (LED), power device and compound semiconductor manufacturing, data storage media/head manufacturing, microelectromechanical systems (MEMS) manufacturing, and general purpose/lab applications. Recently, KLA-Tencor Corporation acquired Orbotech to expand its market reach within the electronics value chain apart from process control.


ASML Holding NV is a manufacturer of chip-making equipment engaged in the development, production, marketing, and servicing of advanced semiconductor equipment, consisting of lithography related systems and holds a 9% share. The company primarily offers lithographic systems and related products.


Hitachi High Technologies Corp. is engaged in the development, manufacturing, marketing, and sale of electronic and electrical equipment systems and holds 8% share. The company’s strategic approach is to launch various new products to reinforce the development framework for addressing the changing customer needs in next-generation cutting-edge processes and memory mass production technologies.


Nikon Metrology specializes in the manufacturing of metrology solutions for automotive, aerospace, telecommunication/satellites, energy, consumer goods/white goods/household, medical, electronics, universities/research, and manufacturing markets. It holds a 6% market share. The company focuses on new product development by investing in its research and development, and product enhancement strategies heavily in order to expand their product portfolio to various industry verticals.