Semiconductor Metrology and Inspection Market to hit $5,638.66 Million, Globally, by 2028 at 6.6% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled "Semiconductor Metrology and Inspection Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Technology, and Organization Size," the market is expected to grow from US$ 5,638.66 million in 2022 to US$ 8,288.55 million by 2028; it is anticipated to grow at a CAGR of 6.6% from 2022 to 2028.

Semiconductors are used in many digital consumer items, including mobile phones/smartphones, digital cameras, televisions, washing machines, refrigerators, and LED bulbs. Recent advancements in semiconductor chips offer automation in lighting in smart buildings. Lighting systems with semiconductor chips embedded within the luminaries allow sensors to draw on the same energy source as the lights in today's smart buildings to manage light autonomously. These sensors can measure the amount of light necessary in real-time and relay that information back to the management system. Also, Industry 4.0 is augmenting the usage of semiconductors for industrial sector. These factors drive the growth of the semiconductor metrology and inspection market.

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The number of semiconductor devices put in automobiles has been continually increasing. Car-mounted semiconductors are available in a variety of shapes and sizes. More semiconductors are likely to be employed in Advanced Driver Assistance Systems (ADAS) in the future. Thus, the growing demand for semiconductor-based products bolsters the semiconductor metrology and inspection market growth.

The APAC semiconductor metrology and inspection market is segmented into Australia, India, China, Japan, and South Korea. The growing adoption of smart electronic devices is boosting manufacturing possibilities. One of the primary forces driving the market in the region is the increased incorporation of electronics in automotive applications. In addition, the integration of IoT (Internet of Things), AI (Artificial Intelligence), and connected devices across multiple end-use verticals is likely to drive the semiconductor metrology and inspection market during the forecast period.

The global semiconductor metrology and inspection market ecosystem comprises of following stakeholders- hardware/component providers, semiconductor metrology and inspection manufacturers, metrology and inspection service providers, and end-users. The component providers offer various components such as lenses, switches, motors etc. Often R&D partners of metrology equipment providers also become component providers. The semiconductor metrology and inspection market players such as KLA Corporation, ASML and Applied Materials provides the equipment to metrology and inspection service providers or directly to the end user, such as Taiwan Semiconductor Manufacturing Company, Intel Corporation and Samsung Corporation.

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Market Insights - Semiconductor Metrology and Inspection Market

Wafer fabrication, manufacturing, and other procedures use advanced packaging (AP) technology. Controlling these operations in the back end necessitates inspection and measurement methods. Shrinking feature sizes are driving demands for high accuracy, precision, sensitivity, and throughput. On the other hand, AP procedures face measurement and inspection issues that are unique to back-end applications, such as bump metrology and nonvisual flaws. Special requirements, combined with the increased diversity and rapid evolution of AP processes, is primarily propelling the demand for semiconductor metrology and inspection equipment globally.

Semiconductor Metrology and Inspection Market Organization Size-Based Insights

The semiconductor metrology and inspection market, by organization size, is segmented into large enterprises and SMEs (Small and Medium Enterprises). The large enterprises segment is expected to register a higher CAGR during the forecast period. Large enterprises are the major end-users of the market. This comprises foundries, such as TSMC and GlobalFoundry, and integrated device manufacturers, such as Intel Corporation and Samsung Corporation. In November 2021, Samsung Corporation announced to build a semiconductor manufacturing unit in Texas due to the increasing requirement for chips for phones and other devices. The company planned to invest US$ 17 billion in building this unit. A significant part of that amount is expected to be utilized for purchasing semiconductor metrology and inspection equipment. Such strategic developments adopted by large enterprises are expected to drive the semiconductor metrology and inspection market growth for this segment during the forecast period.

The List of Companies - Semiconductor Metrology and Inspection Market

Applied Materials, Inc.; ASML; Hitachi High-Tech Corporation; JEOL Ltd; KLA Corporation; Nova Ltd.; Nikon Metrology NV; Onto Innovation; Thermo Fischer Scientific Inc.; and Lasertec Corporation are among the key players profiled during this study on the semiconductor metrology and inspection market. In addition, several other important market players were studied and analyzed during this market study to get a holistic view of the global market and its ecosystem.

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In 2022, Lasertec Corporation announced the release of the MATRICS X9ULTRA series, a mask inspection system designed to inspect the photomasks used in extreme ultraviolet (EUV) lithography while their pellicles are not attached.

In 2020, KLA Corporation announced two new products-the PWG5 wafer geometry system and the Surfscan SP7XP wafer defect inspection system. The new systems are designed to address exceedingly difficult issues in the manufacture of leading-edge memory and logic integrated circuits.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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