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Pre & Post COVID-19 Market Estimates-Global Semiconductor Wafer Inspection Equipment Market 2020-2024| Growing Demand for IoT Devices to Boost Market Growth | Technavio

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The semiconductor wafer inspection equipment market size is expected to grow by USD 1.71 billion, during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled Global Semiconductor Wafer Inspection Equipment Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Semiconductor Wafer Inspection Equipment Market 2020-2024 (Graphic: Business Wire)

The development of smart city projects, the increasing implementation of smart industries, the introduction of smart wearables, and the focus on connected vehicles and smart homes is increasing the demand devices. The number of IoT devices will encompass more than 25 billion connected devices by 2021. The increase in adoption IoT devices is leading to the high demand for chipsets and modules integrating these technologies such as Bluetooth, NB-IoT, Wi-Fi, ZigBee, and several others. This will accelerate the development of multifunctional ICs compatible with all the networking standards and support higher bandwidth applications, resulting in the increasing demand for semiconductor wafers to manufacture these components. Thus, the increase in demand for IoT devices will drive the semiconductor wafer inspection equipment market growth during the forecast period.

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As per Technavio, the increasing focus on large diameter wafer size will have a positive impact on the market and contribute to its growth significantly over the forecast period. This semiconductor wafer inspection equipment research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Semiconductor Wafer Inspection Equipment Market: Increasing Focus on Large Diameter Wafer Size

One of the major semiconductor wafer inspection equipment market trends identified by Technavio includes the increasing interest in larger diameter wafer size. For the last 40 years, there has been a dramatic increase in the wafer size of semiconductors. Wafer sizes were initially only 23 mm in 1960, and at present they are 300 mm. A large diameter wafer has a larger surface area, which indicates a high number of chips can be manufactured at lower manufacturing costs. Increasing the wafer size reduces manufacturing costs by 30% and device costs by 20%-50%. Several foundries are opting to make changes to their present 300 mm wafer fabs, which will help in the optimization of IC production. Major memory manufacturers, such as SAMSUNG, Micron Technology, and SK HYNIX, have been developing memory ICs built on 300 mm wafers and are the major consumers of these wafers. Therefore, it is expected that the increasing demand for large diameter semiconductor wafers will have a positive impact on the growth of the global semiconductor wafer inspection equipment market.

“Factors such as the growing investments in lower technology node, and growing investment in 3D NAND and FinFET technologies will have a significant impact on the growth of the semiconductor wafer inspection equipment market value during the forecast period,” says a senior analyst at Technavio.

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Semiconductor Wafer Inspection Equipment Market: Segmentation Analysis

This market research report segments the semiconductor wafer inspection equipment market by end-user (foundries and IDMs), technology (optical wafer inspection and e-beam wafer inspection), and geography (APAC, North America, Europe, South America, and MEA).

The APAC region led the semiconductor wafer inspection equipment market share in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the presence of a large number of foundries in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.