Semiconductor Metrology and Inspection Market to hit USD 11,102.53 Million, Globally, by 2028 at 6.6% CAGR: The Insight Partners

According to The Insight Partners' research, the "Semiconductor Metrology and Inspection Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 11,102.53 million by 2028, registering a CAGR of 6.6% from 2022 to 2028. The global semiconductor metrology and inspection market growth is driven by rising use of metrology and inspection for advanced packaging processes; and surging number of semiconductor applications.

Europe includes various well-established economies such as France, Germany, Russia, the UK, Italy, and the rest of Europe. The region's automotive and manufacturing industries are growing rapidly and are actively adopting technologies, which is fueling the semiconductor metrology and inspection market growth. Another factor contributing to the growth of the semiconductor metrology and inspection market size in Europe is the rising usage of smart devices in residential and commercial sectors.

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Additionally, Europe is highly focused on research & development (R&D) of technological advancements and is also pioneering the implementation of Industry 4.0. All such factors are contributing to a higher demand for semiconductors, which, in turn, is boosting the revenue generation of semiconductor metrology and inspection market players. The UK is one of the leading semiconductor providers in Europe. The country is a home to some of the prominent semiconductor giants, including Imagination, Graphcore, and Arm. Despite being one of the leading countries in the semiconductor industry, the UK is facing shortage in semiconductor products, such as chip, used in automobiles and smart devices. Such shortage is negatively affecting the semiconductor metrology and inspection market size. A few of the leading market players in the country are Thermo Fisher Scientific and A-MET METROLOGY LTD. The strategies implemented by these giants for their growth would subsequently contribute to the semiconductor metrology and inspection market growth during the forecast period.

During the COVID-19 pandemic, the European semiconductor industry was severely hit and experienced a decline in overall business due to severe supply chain disruption caused by imposed lockdowns. The region later set a goal to increase semiconductor production by 20%. Due to semiconductors shortage in the region during the pandemic, the European Union (EU) planned to take necessary measures to prevent the members from such a crisis again. In March 2022, the EU proposed to invest over US$ 96.4 billion in the semiconductor industry to reduce the EU members' dependence on the US and Asia. This will encourage the production of semiconductor products in the region and further drive the semiconductor metrology and inspection market growth in the coming years. The EU plans to fulfill this investment by 2030.

The impact of COVID-19 pandemic differed from country to country across Europe as selected countries experienced an increase in the number of recorded cases and subsequently attracted strict and extended lockdown periods or social isolation. Germany, Italy, the UK, Russia, France, and Turkey are among the countries that were most affected by various restrictions and limitations. However, with the increasing demand for electric vehicles in the region, the outlook for the semiconductor industry seems to be favorable since 2021.

The end-user industries of semiconductors, such as electric/electronics and automobiles, experienced a weak demand. The region is experiencing a shortage of semiconductors since 2021. The governments are planning to invest in the production of semiconductors in the region to overcome this shortage. With the semiconductor companies investing in making operations productive and efficient, the semiconductor metrology and inspection market is expected to grow during the forecast period.

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The semiconductor metrology and inspection market is segmented on the basis of type, technology and organization size. Based on type, the market is segmented into wafer inspection system, mask inspection system, thin film metrology, bump inspection, package inspection, lead frame inspection, and probe card inspection. By technology, the semiconductor metrology and inspection market is bifurcated into optical and e-beam. Based on organization size, the market is bifurcated into large enterprises and SMEs.

Semiconductor Metrology and Inspection Market: Competitive Landscape and Key Developments

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 the course of this market study to get a holistic view of the market and its ecosystem.

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Key Findings of Market Study:

As per our semiconductor metrology and inspection market study, the ecosystem comprises of various stakeholders namely, hardware/component providers, semiconductor metrology and inspection manufacturers, metrology and inspection service providers, and end-users. The component providers offer various products, including lenses, switches, and motors. Often R&D partners of metrology equipment providers also become component providers. Semiconductor metrology and inspection equipment manufacturers, such as KLA Corporation, ASML, and Applied Materials, provide 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. Metrology and inspection service providers mostly cater to the small or medium sized semiconductor manufacturers. End users also include academic institutions involved in semiconductor research.

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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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