Semiconductor Metrology and Inspection Market Worth $7.3 Billion in 2021, Expected to Reach $13.3 Billion by 2031

The global semiconductor metrology and inspection market has seen significant growth, with its value reaching $7.3 billion in 2021 and projected to hit $13.3 billion by 2031, representing a Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2031.

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Semiconductor metrology and inspection equipment play crucial roles in ensuring the quality of semiconductor manufacturing processes. Metrological procedures monitor physical and electrical properties throughout production, while wafer inspection identifies flaws that could impact device performance.



The market is being driven by the expansion of the semiconductor industry in key countries like China, the U.S., and India. Additionally, rising demand for electronic products such as smartphones, wearables, and computers, along with growth in hybrid circuit demand from various sectors, is fueling market opportunities. However, fluctuations in raw material prices pose a challenge to market growth.



Countries such as China, South Korea, the U.S., and India are witnessing increased investments in semiconductor manufacturing industries. For instance, India announced a $30 billion investment to strengthen its semiconductor supply chain, aiming to boost local production across various electronic components.

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To stay competitive, major players are implementing strategies like product launches and acquisitions. For example, Nova Ltd. acquired Ancosys GmbH, a provider of chemical analysis and metrology solutions for advanced semiconductor manufacturing, in January 2022.



The COVID-19 pandemic significantly impacted the semiconductor metrology and inspection market due to production halts caused by lockdowns.



The market is segmented by type, technology, organization size, and region. Wafer inspection systems generated the highest revenue in 2021, while optical technology dominated the market in terms of technology. Asia-Pacific led the market share in 2021, driven by the semiconductor industry's expansion in countries like South Korea, China, Japan, and India.



Key players in the market include Applied Materials Inc., ASML Holding N.V., Canon Inc., Hitachi High-Technologies Corp., and others.

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