The wafer inspection market is expected to grow at a sturdy CAGR of 10.6% during the forecast period. The valuation of US$ 3598.2 million as of 2022 is expected to jump to nearly US$ 9867.7 million by 2032.
Mammoth increase in the growth of the semiconductor industry, along with the surging demand to maintain intact quality of products is expected to upsurge the sales of Wafer inspection.
The requirement for integrated circuits is increasing globally, with the introduction of new electrical products functioning on integrated circuits. This, in direct proportion, increases the demand for wafers. For better and efficient functioning of wafers, timely checks of these wafers are required.
Henceforth, to administer the proper functioning and increase the life of wafers, there is a need for a wafer inspection system market. The principles used for detection by wafer inspection systems are – patterned wafer inspection systems & Non-patterned wafer inspection systems.
Wafer inspection system, as a market has gained power in recent times due to their applications in various sectors such as the industrial segment, consumer electronics, and automation. Wafer Inspection Systems have their major applications in the consumer electronics segment, as the use of wafers and integrated circuits lies in that field.
Wafer Inspection System Market: Drivers and Restraints
The primary driver for the wafer inspection system market is the increasing adoption and introduction of new electrical gadgets such as smartphones, laptops, tablets, wearables, LCDs, LEDs, etc., as it directly increases the demand for wafer inspection systems. Moreover, the advantages attained such as longer wafer life, timely detection of defects and enhanced performance encourage the adoption of wafer inspection systems.
In addition to this, the emerging manufacturers with new technological innovations, in North America and Europe drive the global wafer inspection system market.
The trend of miniaturization in wafer manufacturing is compelling wafer inspection system providers to upgrade their offerings. This is acting as one of the major restraints for the wafer inspection system market. Additionally, the limited availability of manufacturers and resources also acts as a challenge for the global wafer inspection system market.
Global Wafer Inspection System Market Technology Regional Overview
APAC dominates the global wafer inspection system market due to the presence of the majority of its manufacturers in the respective region. Because of the technological advancements made, in the same, North America and Europe are expected to follow APAC in the global wafer inspection system market.
To widen their presence, the key players in the wafer inspection market are looking to expand their operations across countries. This will enable the host country by purchasing the device at a relatively lower cost, and even the quality will not be compromised.
- In June 2022, Hitachi Hightech Corporation announced the launch of Hitachi Dark Field Water Defect Inspection System DI2800, which is believed to be a crucial component to develop a semiconductor manufacturer’s metrology capabilities.
- In July 2022, NXP Semiconductors announced that it signed a memorandum of understanding with Foxconn to jointly develop platforms for a new generation of smart connected vehicles. The partnership will leverage NXP’s portfolio of automotive technologies and its longstanding expertise in safety and security to enable architectural innovation and platforms for electrification, connectivity, and safe automated driving.