New York, October 12, 2021 – Reports and Data has published its latest report titled “Plasma Etch System Market Size, Share & Analysis, By Type (Inductively Coupled Plasma, Reactive Ion Etching, Deep Reactive Ion Etching), By Application (Semiconductor, Healthcare, Electronics & Microelectronics) And Segment Forecasts To 2028”
Advancements in technology, growth in IoT applications, and increase in demand for smart device are some key factors driving market growth
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According to Reports and Data, the global plasma etch system market size is expected to reach USD 10.38 billion in 2028 from USD 4.90 billion in 2019 and is expected to register a revenue CAGR of 9.3% during the forecast period, 2021-2028.
Drivers, Restraints, and Opportunities
Plasma etching is a method of fabricating integrated cells using plasma. Plasma etching is popular among semiconductor manufacturers because it consumes fewer chemicals and is well-suited to automation and single-wafer production. It etching process does not utilise water, which protects water-sensitive wafers from contamination.
The semiconductor sector is the primary driver of the plasma etch system market. Plasma is most commonly used in the electronic industry to make semiconductor chips. The market for integrated circuits is being boosted by technological advancements, which is fueling the expansion of the plasma etch system industry. Manufacturers have introduced increasingly compact, energy-efficient electronic gadgets that have higher performance capabilities, resulting in a demand to build smaller semiconductor integrated circuits. Plasma etch is a common choice in the semiconductor sector as it consumes less energy.
However, higher cost of system is a major factor expected to restrain global plasma etch system market revenue growth over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Electronics and Microelectronics Segment to Dominate Other Application Segment:
Electronics and microelectronics segment is expected to dominate other application segment over the forecast period attributed to increasing demand for electronic devices due to increasing population and growing popularity of digitalization, especially in developing countries.
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North America to Account for a Significantly Large Revenue Share:
North America is expected to account for a significantly large revenue share over the forecast period owing to technological advancements in healthcare and electronics industry and presence of key players in the region. Plasma etching is highly used for equipment like catheters and filters as they need to be safe for patients in the medical field. In industry segment, printed circuit boards are generally plasma etched before being soldered.
Asia Pacific to Lead in Terms of Revenue CAGR:
Asia Pacific market revenue is expected to expand at a robust revenue CAGR over the forecast period attributed to increasing demand for smart devices like tablets, smartphones, televisions, and other IoT devices due to rapid popularity of digitalization. In addition, technological advancements and rapid growth of semiconductor manufacturing industries in emerging economies such as India, drive revenue growth of the APAC market.
Major Companies in the Market Include:
- Lam Research
- Oxford Instruments
- Plasma Therm
- SAMCO Inc.
- Applied Materials, Inc.
- SPTS Technologies
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For the purpose of this report, Reports and Data has segmented the global plasma etch system market on the type, application, and region:
Type Outlook (Revenue in Billion USD; 2020–2028)
- Inductively Coupled Plasma
- Reactive Ion etching
- Deep Reactive Ion Etching
Application Outlook (Revenue in Billion USD; 2020–2028)
- Electronics & Microelectronics
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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