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Home Press Release OpenPR

Semiconductor Etching Equipment Market to Reach USD 21.7 Billion by 2031, Growing at 7.6% CAGR – Report by Transparency Market Research

July 2, 2025
in OpenPR, Web3
Reading Time: 9 mins read
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Semiconductor Etching Equipment Market

Semiconductor Etching Equipment Market

The global semiconductor etching equipment market stood at US$ 11.3 Bn in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2031, reaching US$ 21.7 Bn by the end of the forecast period. The expansion of the electronics sector, combined with technological innovations in semiconductor design and manufacturing, is driving this remarkable growth. Increasing demand for smaller, more powerful electronic devices across industries such as consumer electronics, automotive, telecommunications, and healthcare is also contributing to the upward market trajectory.

Explore core findings and critical insights from our Report in this sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85610

Market Drivers & Trends

A primary driver propelling the market is the rising adoption of compact electronic devices, including smartphones, laptops, and wearable gadgets. Miniaturization trends in integrated circuits (ICs) demand precise etching technologies to meet the needs of high-performance, small-form-factor devices.
The growth of the electric vehicle (EV) industry and proliferation of Internet of Things (IoT) and 5G technologies are also intensifying demand for specialty chips, which in turn is boosting the requirement for advanced etching processes. Furthermore, growing reliance on MEMS devices, analog and mixed-signal ICs, RF ICs, and CMOS image sensors is spurring investments in high-performance etching equipment.

Key Players and Industry Leaders

The global semiconductor etching equipment market is consolidated, with a handful of players dominating market share. Major companies include:
• Lam Research Corporation – Innovator of Syndion GP, enabling deep silicon etch processes.
• Tokyo Electron Limited
• Applied Materials, Inc.
• Advanced Energy Industries, Inc.
• Hitachi High-Tech Corporation
• DISCO Corporation
• MKS Instruments
• SAMCO Inc.
• SPTS Technologies Ltd.
• Panasonic Corporation
• Advanced Micro-Fabrication Equipment Inc.
• RENA Technologies GmbH
• TANAKA HOLDINGS Co., Ltd.
These companies are heavily investing in R&D, expanding product portfolios, and pursuing partnerships and acquisitions to gain a competitive edge.

Recent Developments

• In February 2022, Lam Research Corporation launched Syndion GP, enhancing the capability of manufacturers to produce power management ICs and power devices with deep silicon etching technology.
• In October 2022, AlixLabs AB announced the development of Atomic Layer Etch Pitch Splitting, a process that streamlines chip fabrication by eliminating several manufacturing steps. This innovation is expected to reduce costs and enhance production sustainability.

Market Opportunities

Several opportunities exist in the market, including:
• Emergence of high-power applications in electric vehicles, data centers, and energy management systems, demanding precision etching equipment for reliable chip performance.
• Expansion of semiconductor foundries, particularly in Asia Pacific, to meet global chip demands is creating significant revenue potential.
• Government initiatives in countries like the U.S., India, China, and Germany to boost local semiconductor production are expected to generate favorable conditions for market expansion.

Latest Market Trends

One of the most significant trends reshaping the market is the rise of Atomic Layer Etching (ALE), a precision-driven technology that enables layer-by-layer material removal, essential for developing smaller, more efficient chips. Research into plasma etching using gases like SF6 to modify SiC surfaces is advancing, paving the way for innovations in power devices and optoelectronics.
Another trend is the growing preference for dry etching equipment, which provides higher accuracy, safer automation, and minimal chemical waste. In 2022, dry etch systems commanded a 69.2% market share and are expected to grow at a CAGR of 7.9% through 2031.

Buy this Premium Research Report and access vital insights and analysis – https://www.transparencymarketresearch.com/checkout.php?rep_id=85610&ltype=S

Future Outlook

The semiconductor etching equipment market is projected to continue on its strong growth path through 2031. Increasing investments in semiconductor manufacturing, coupled with advancements in materials and etching technologies, will ensure robust demand across sectors. Asia Pacific is poised to retain its lead, supported by manufacturing expansion in China, Taiwan, South Korea, and Southeast Asia. Meanwhile, North America and Europe are also anticipated to show healthy growth, driven by industrial automation and smart technology adoption.

Market Segmentation
The market is segmented based on type, product, etching film type, application, end-user, and region:
• By Type:
o Wet Etch Equipment
o Dry Etch Equipment

• By Product Type:
o High-density Etch Equipment
o Low-density Etch Equipment

• By Etching Film Type:
o Conductor Etching
o Dielectric Etching
o Polysilicon Etching

• By Application:
o MEMS
o Power Devices
o Logic ICs
o Memory

• By End-user:
o Foundry (58.2% share in 2022)
o OEM
o IDM

Regional Insights

• Asia Pacific leads the global market with 47.2% share in 2022, fueled by thriving electronics manufacturing hubs in China, Taiwan, Japan, South Korea, and India.
• North America accounted for 26.3% of the market in 2022, driven by demand for advanced semiconductors in automotive and defense industries, and bolstered by initiatives to localize chip manufacturing.
• Europe is steadily advancing with growing applications in healthcare and automotive sectors, while the Middle East & Africa and South America represent emerging regions with growth potential as digital transformation takes root.

Why Buy This Report?

This report offers:
• A comprehensive analysis of historical, current, and projected market data from 2017 to 2031
• In-depth segmentation and regional breakdowns
• Profiles of leading market players with insights into financials, strategies, and recent developments
• Insights into current and emerging trends, market dynamics, and competitive landscape
• Valuable intelligence for manufacturers, investors, and policymakers to make informed decisions

Frequently Asked Questions (FAQs)

1. What is the current size of the global semiconductor etching equipment market?
The market was valued at US$ 11.3 Bn in 2022.
2. What is the projected market size by 2031?
It is estimated to reach US$ 21.7 Bn by 2031.
3. What is driving the growth of the market?
Key drivers include increasing demand for compact and powerful electronic devices, rising adoption of EVs and IoT, and advancements in etching technologies.
4. Which region holds the largest market share?
Asia Pacific holds the largest share, with 47.2% in 2022.
5. Who are the key players in the market?
Major players include Lam Research Corporation, Tokyo Electron Limited, Applied Materials, Advanced Micro-Fabrication Equipment Inc., and RENA Technologies GmbH, among others.
6. Which equipment type dominates the market?
Dry etch equipment, with a 69.2% market share in 2022, is the dominant segment.
7. Which end-user segment leads the market?
The foundry segment held the largest share in 2022 and is expected to continue leading through 2031.

Explore Latest Research Reports by Transparency Market Research:

Dismounted Soldier Systems Market: https://www.transparencymarketresearch.com/dismounted-soldier-systems-market.html

Aerospace Valves Market: https://www.transparencymarketresearch.com/aerospace-valves-market.html

Silicon Capacitors Market: https://www.transparencymarketresearch.com/silicon-capacitors-market.html

Programmable Logic Controller [PLC] Market: https://www.transparencymarketresearch.com/programmable-logic-controller-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.

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