According to the new research report on "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$ 8,288.55 million by 2028, registering a CAGR of 6.6% from 2022 to 2028.
The European region comprises established economies like Germany, France, the UK, Russia, Italy, and other countries. The automotive and manufacturing industries in the region are expanding rapidly and adopting various technologies, which is driving the growth of the semiconductor metrology and inspection market. The increasing adoption of smart devices in commercial and residential sectors is also contributing to the growth of this market in Europe. Moreover, Europe is highly focused on research and development (R&D) of technological advancements and is leading the implementation of Industry 4.0, resulting in a higher demand for semiconductors and boosting revenue generation for semiconductor metrology and inspection market players. The UK is a significant semiconductor provider in Europe, housing some prominent semiconductor giants such as Graphcore, Imagination, and Arm. However, the country is currently facing a shortage of semiconductor products, including chips used in automobiles and smart devices, which is negatively affecting the semiconductor metrology and inspection market. Thermo Fisher Scientific and A-MET METROLOGY LTD are some leading market players in the UK, and their growth strategies are expected to contribute to the semiconductor metrology and inspection market's growth during the forecast period.
Amid the COVID-19 pandemic, the semiconductor industry in Europe suffered a significant setback due to the supply chain disruptions caused by the imposed lockdowns. However, the region aimed to increase its semiconductor production by 20% to recover from the crisis. The shortage of semiconductors during the pandemic prompted the European Union (EU) to take necessary measures to prevent such a crisis in the future. To this end, in March 2022, the EU proposed investing more than US$ 96.4 billion in the semiconductor industry to reduce the region's dependence on the US and Asia. This move is expected to promote semiconductor production in the region and consequently, contribute to the growth of the semiconductor metrology and inspection market in the years to come. The EU aims to complete this investment by 2030.
The COVID-19 pandemic had varying impacts on different European countries, with some experiencing a surge in cases and subsequently imposing strict and prolonged lockdowns or social distancing measures. Among the countries most affected by such restrictions and limitations were Germany, Italy, the UK, Russia, France, and Turkey. Nonetheless, the outlook for the semiconductor industry in the region seems favorable since 2021 due to the increasing demand for electric vehicles.
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.
The segmentation of the semiconductor metrology and inspection market is based on type, technology, and organization size. The market is divided into three types: wafer inspection system, mask inspection system, and thin film metrology. The technology used in the semiconductor metrology and inspection market is categorized into two types: optical and e-beam. The market is also bifurcated based on the organization size, into large enterprises and small and medium-sized enterprises (SMEs).
The top five global semiconductor metrology and inspection market players include KLA Corporation, ASML Holding N.V., Applied Materials, Inc., Onto Innovation, Inc. and Hitachi High-Technologies Corporation in 2021. The positioning of these "Five Key Players" is derived by giving weightage to the following key performance parameters: overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investment in technology up gradation, R&D investments, mergers & acquisitions, and other market related activities. Various notable market players profiled in the global semiconductor metrology and inspection market JEOL Ltd., Nova Ltd., Nikon Metrology N.V., Thermofisher Scientific Inc., and Lasertec Corporation amongst others.
Key Findings of Market Study:
The global semiconductor metrology and inspection market ecosystem comprises several stakeholders, including hardware/component providers, semiconductor metrology and inspection manufacturers, metrology and inspection service providers, and end-users. Component providers offer a range of products, such as switches, lenses, and motors, and often partner with metrology equipment providers for research and development purposes. Semiconductor metrology and inspection equipment manufacturers, including KLA Corporation, ASML, and Applied Materials, supply their equipment to metrology and inspection service providers or directly to end-users such as Intel Corporation, Samsung Corporation, and Taiwan Semiconductor Manufacturing Company. Metrology and inspection service providers mainly serve small or medium-sized semiconductor manufacturers, while academic institutions involved in semiconductor research are also considered end-users.
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