Analyzing the Semiconductor Metrology and Inspection Market with a Quick Overview

Semiconductor metrology involves assigning, measuring, and characterizing specific volumes and numbers to different circuits and their components on a semiconductor wafer. As opposed to ordinary measurement, metrology is a science which factors in inaccuracies and errors while measuring, which is why it is more commonly used on account of its tendency to produce accurate results.

Semiconductor inspection, on the other hand, refers to checking the working of a semiconductor circuit, assessing whether all the necessary criteria are met, and ensuring that the circuit parameters are adhering to all the compliance measures. It is, thus, evident that semiconductor metrology and inspection is one of the most important components of semiconductor manufacturing industry as it ensures that the semiconductor circuit or chipset is following all the necessary procedures and passing all the quality control conditions before they are launched as finished products.

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Important factors influencing the market
With the increasing miniaturization of electronic devices and rise of 'smart' technologies, the role played by semiconductors has widened exponentially. Semiconductors have been instrumental in bringing the digital revolution and are extremely crucial for making the Industrial Revolution 4.0 a success. In such a scenario, the semiconductor metrology and inspection market, too, has opportunities to expand and grow in the next few years. This very aspect has been highlighted by a recent report published by Allied Market Research, which states that the global semiconductor metrology and inspection market is poised to surge ahead at a CAGR of 6.2% in the 2022-2031 timeframe.

Apart from the growing use cases for semiconductors in the electronics industry, the debacle caused due to the Covid-19 pandemic is also expected to play a major role in influencing the market in the years to come. The Covid-19 pandemic saw massive disruptions in the global supply chains which were caused due to lockdowns, travel restrictions, and intentional weaponization of trade by certain countries. As a result, countries which required semiconductor wafers as raw materials for their established electronic manufacturing companies faced problems and had to shut down or postpone their production cycles. Hence, many such countries, in the post-pandemic period, have put self-reliance in semiconductor manufacturing at the top of their agenda. This is further expected to boost the semiconductor metrology and inspection market in the coming period.

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Upcoming product launches by major companies
In order to match the growing demand for semiconductor chipsets and wafers, semiconductor manufacturing companies have enhanced their production facilities and upgraded their metrology and inspection equipment. The companies operating in the semiconductor metrology and inspection market, such as KLA Corporation, Hitachi Ltd., Thermo Fisher Scientific Inc., etc., in turn, have been compelled to invest in their research and development activities. These investments are primarily aimed at launching innovative and advanced solutions to cater to the demand of the semiconductor industry.

For instance, Nidec-Read Corporation, a technology conglomerate based in Japan, recently launched a semiconductor inspection device, NATS-1000. Designed especially for automotive semiconductor manufacturing companies, NATS-1000 performs the function of testing the Insulated Gate Bipolar Transistor and Silicon Carbide modules. Similarly, ViTrox, a Malaysian electronics company, announced the launch of Wi8i G2 PRO Wafer Vision Inspection Handler. This semiconductor inspection equipment is designed and developed to cover almost all semiconductor manufacturing processes and identify and minimize the errors involved.

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Strategic mergers and acquisitions in the market
Apart from product launches, major companies like Onto Innovation, Inc. and Applied Materials, Inc., have focused on forming strategic alliances and mergers to increase their presence in the market.
Onto Innovation Inc., for example, announced in January 2021, that it had signed an agreement to acquire Inspectrology, LLC, a leading metrology and wafer inspection services provider. On similar lines, Marposs, an Italian metrology and inspection equipment manufacturer, acquired Solarius, a metrology equipment manufacturer based in the United States.

The global semiconductor metrology and inspection market is, thus, influenced by a number of stakeholders and market forces. Increasing reliance on digitization and advanced technologies like Artificial Intelligence and Internet of Things is anticipated to give a major push to the market.
These advancements, along with the launch of 5G services in many countries, have increased the scope of semiconductor wafers and chips and are predicted to help the market sail through the troubled waters in the post-pandemic period.

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