The etching machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Etching Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The etching machine market size has grown rapidly in recent years. It will grow from $10.15 billion in 2023 to $11.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to growth in electronics manufacturing, expansion of semiconductor industry, increase in demand for precision components, growing importance of training and support services..
The etching machine market size is expected to see rapid growth in the next few years. It will grow to $17.54 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to emergence of 5g technology, increased demand for mems devices, growing importance of precision engineering.. Major trends in the forecast period include environmentally friendly etching solutions, integration of digital controls and monitoring, customization capabilities, focus on cost-effective solutions, advancements in microfabrication technologies, rise in research and development activities, focus on green and sustainable technologies..
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Scope Of Etching Machine Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Etching Machine Market Overview
Market Drivers –
The increase in chip demand is expected to propel the growth of the etching machine market going forward. Chip refers to a microchip or integrated circuit (IC) that contains a complex arrangement of electronic components, such as transistors, resistors, capacitors, and interconnections, all fabricated onto a small semiconductor substrate, usually made of silicon. The etching machine control system uses memory chips to store program instructions, settings, and data to perform various tasks, manage processes, and ensure proper operations. For instance, in February 2022, according to the Semiconductor Industry Association (SIA), a US-based trade association, chip sales increased to $555.9 billion in 2021, up from 26.2% in 2020. Therefore, the increase in chip demand is driving the growth of the etching machine market.
Market Trends —
Major companies operating in the etching machines market focus on developing innovative etching machines with plasma and vacuum technology to provide reliable customer service. Plasma technology refers to using plasma, a highly ionized and energetic state of matter, to perform the etching process on materials. Vacuum technology in etching machines refers to utilizing controlled low-pressure environments, known as vacuum or reduced pressure, to facilitate and optimize the etching process. For instance, in June 2021, Optorun Co. Ltd., a Japan-based manufacturer of optical thin film formation equipment for etching machines, launched dry etching equipment. This equipment involves vacuum technology and plasma technology that enables efficient and uniform heating and cooling of the entire substrate during etching, thereby improving productivity and expanding the range of applications for etching. Additionally, this has reduced the problem of waste liquid discharged by conventional wet etching equipment.
The etching machine market covered in this report is segmented –
1) By Product Type: Electrolytic, Plasma, Other Product Types
2) By Operation: Manual, Automatic
3) By Technology: Wet Etching, Dry Etching
4) By Application: Electronic Components, Integrated Circuits, Plastic Packaging, Mobile Communications, Others Applications
5) By Industry: Automotive And Transportation, Electrical and Electronics, Consumer Products, Medical And Surgical Instruments, Machinery And Tools, Construction, Defense, Oil And Gas, Other Industries
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Regional Insights —
North America was the largest region in the etching machine market in 2023. The regions covered in the etching machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies —
Major companies operating in the etching machine market report are Tokyo Electron Ltd., Panasonic Holdings Corporation, Nucor Corporation, Applied Materials Inc., Lam Research, Trumpf GmbH + Co. KG , Hitachi High-Tech Corporation, Newport Corporation, Coherent Inc., DISCO Corporation, Plansee SE, Han’s Laser Technology Industry Group Co. Ltd. , IPG Photonics Corporation, Jenoptik AG, Lumentum Operations LLC, Graepel, Plasma-Therm LLC, Eurolaser GmbH , Trotec Laser , Universal Laser Systems, Epilog Corporation, CVD Equipment Corporation, Suzhou Delphi Laser Co. Ltd. , Advanced Dicing Technologies, Sintec Optronics Pte Ltd.
Table of Contents
1. Executive Summary
2. Etching Machine Market Report Structure
3. Etching Machine Market Trends And Strategies
4. Etching Machine Market — Macro Economic Scenario
5. Etching Machine Market Size And Growth
…..
27. Etching Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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