Ion Beam Technology Market Estimated To Witness 8.5% CAGR Over The Next Five Years
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A new era of electronic-integrated systems, in general, and ion beam technology, in particular, warrant an in-depth understanding and unbiased assessment of the ion beam technology market. Transparency Market Research, in its new report, offers a detailed viewpoint on the ion beam technology market, for a wide range of applications of this ion beam technology in the semiconductor, material science, and engineering spaces. It also identifies the headwinds and tailwinds of the market to arm stakeholders with the necessary information for critical decision-making.
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Ion Beam Technology Market: Historical Review and Technical Evolution
Ion beam technology wasn't used until the 1970s, thereafter providing a superior doping technology for the emerging semiconductor industry. With the development of microelectronics and wide acceptance of the term - nanoscience, ion beam technology has attracted great interest from the research community, and has gained broader applications in the modern industry. In 2018, the ion beam technology market exceeded a valuation of US$ 400 million, and continues to witness a growing number of players entering the market.
Ion beam lithography has been gaining higher preference over electron beam lithography; however, it has incurred a few limitations - high design costs and time-consuming process to pattern an entire semiconductor wafer. With the lack of standardization in the design processes and increased time-to-market for ion beam technologies, key stakeholders remained focused on leveraging new opportunities in the emerging applications of this technology.
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Ion Beam Etching Systems Capture Significant Revenue Share
Ion beam etching systems continue to account for higher demand as compared to ion beam deposition systems. With potential application in micro electro mechanical system (MEMS) devices and the nano-machining of magnetic transducers, ion beam etching systems have also witnessed higher investments and innovation. Further, sensing the need for semiconductor manufacturers to develop devices with improved density, tight tolerance, and high yield, key market players are focused on providing systems that allow flexible configuration for both, advanced research and production applications.
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