Plasma Etching Equipment Market Size (2024 - 2029)

The plasma etching equipment market is poised for growth, driven by the increasing need for advanced etching technologies in the semiconductor and microelectromechanical systems industries. This demand is fueled by the shift from traditional wet etching to plasma etching due to its efficiency and suitability for miniaturization, which is crucial for developing compact and energy-efficient electronic devices. The rise of IoT applications and smart devices further accelerates the need for miniature semiconductors, thereby boosting the market's expansion. Despite challenges such as higher costs compared to wet-chemical etching and the impact of the COVID-19 pandemic on manufacturing and demand, the market is expected to recover and grow as industrial activities normalize.

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Market Size of Plasma Etching Equipment Industry

Plasma Etching Equipment Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.80 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Plasma Etching Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Plasma Etching Equipment Market Analysis

The Plasma Etching Equipment Market is expected to register a CAGR of 7.8% over the forecast period. The demand for plasma etching equipment is expected to be driven by the increasing importance of etching technology and related equipment with the use of etching processes to achieve even smaller dimensions over the forecast period. Plasma etching has enabled various modifications to address stringent process demands for miniaturization in the microelectronics industry.

  • Plasma etching is a sophisticated, versatile technology that creates a wide range of devices. Today, semiconductor manufacturers are switching to the plasma etch system from traditional wet etching, as it consumes fewer chemicals and is more suitable for automation and single wafer manufacturing. Increasing demand for compact, energy-efficient electronic devices having improved performance is boosting the need for developing miniature semiconductor integrated circuits (ICs). For miniaturizing IC, the course has to undergo an advanced circuit fabrication process with small geometries and thus requires precise pattern transfer.
  • Plasma etching is used extensively in the semiconductor and microelectromechanical systems industries. For instance, in manufacturing printed circuit boards (PCBs), isotropic etching is used to plasma clean circuits after machining and before electroplating. Anisotropic etching is used to form circuit patterns in wafers. This anisotropic plasma etching is highly energetic and called reactive ion etching (RIE).
  • Moreover, massive technological upgradation taking place in the IoT application to offer technologically advanced intelligent devices to different consumers across the globe is also predicted to accelerate the demand for advanced semiconductors, thereby positively affecting the market's growth. With the growth in IoT applications, smart devices are increasing, giving rise to miniature semiconductors, thus raising the demand for plasma etching.
  • Smartphones and other applications that require semiconductor ICs are other factors driving the overall demand for plasma etching in consumer electronics, automotive, and other industries, as technology advancements like wireless technologies (5G) and artificial intelligence have significantly impacted the trend of these sectors. Also, the increasing number of Internet of Things (IoT) devices is expected to force the semiconductor industry to invest in this equipment to attain intelligent products. The SEMI Silicon Manufacturers Group (SMG) revealed in its quarterly review of the silicon wafer industry that worldwide silicon wafer shipments grew 3.3% to 3,649 million square inches in the third quarter of 2021, which was a new industry high. Shipments of silicon wafers in the third quarter of 2021 increased by 16.4% over the same quarter the previous year, to 3,135 million square inches.
  • However, this equipment is often costlier than wet-chemical etching equipment. Also, due to faster consumption of resists due to wet chemical etching, the selectivity offered by this equipment is reduced compared to wet-chemical etching equipment. These are some of the primary factors challenging the growth of the market.
  • The COVID-19 pandemic halted the manufacturing of several items in the semiconductor production equipment industry, owing to continued lockdown in most regions across the world. Lockdown measures reduced demand for consumer electronic gadgets, which had a global impact on the semiconductor sector. The continued decline in worldwide demand and export shipments for automobiles provided a negative impact on the semiconductor market, which is currently slowing the demand for semiconductor manufacturing equipment. However, the demand is expected to gain traction gradually with the industrial activities returning back to the pre-pandemic level.

Plasma Etching Equipment Industry Segmentation

The scope of the study focuses on the market analysis of plasma etching equipment products worldwide. Market sizing encompasses the revenue generated through plasma etching equipment products analyzed worldwide and sold by various market players. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. the study further analyzes the overall impact of COVID-19 on the ecosystem. The report's scope encompasses market sizing and forecast for segmentation by type, application, and geography.

By Type
Reactive Ion Etching (RIE)
Inductively Coupled Plasma Etching (ICP)
Deep Reactive Ion Etching (DRIE)
Other Types
By Application
Industrial Applications
Medical Applications
Consumer Electronics
Other Applications
Geography
North America
Europe
Asia Pacific
Rest of the World
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Plasma Etching Equipment Market Size Summary

The plasma etching equipment market is poised for significant growth, driven by the increasing demand for advanced etching technologies in the semiconductor and microelectronics industries. This demand is largely fueled by the need for miniaturization and the development of compact, energy-efficient electronic devices. Semiconductor manufacturers are increasingly transitioning from traditional wet etching methods to plasma etching systems due to their efficiency and suitability for automation and single wafer manufacturing. The technology's versatility allows for precise pattern transfer, which is crucial for fabricating miniature semiconductor integrated circuits. The rise of IoT applications and smart devices further accelerates the demand for advanced semiconductors, thereby boosting the plasma etching equipment market.

The Asia-Pacific region stands out as a prominent market for plasma etching equipment, supported by the presence of leading semiconductor manufacturers and favorable government policies. Countries like China and India are witnessing significant investments in semiconductor manufacturing facilities, driven by initiatives to localize production and meet growing domestic demand. The competitive landscape of the market is characterized by the presence of major players such as Applied Materials Inc., Lam Research Corporation, and Tokyo Electron Ltd., who are continuously innovating and expanding their product offerings. Despite challenges such as higher costs compared to wet-chemical etching equipment, the market is expected to grow steadily as industrial activities recover and demand for consumer electronics increases globally.

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Plasma Etching Equipment Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Reactive Ion Etching (RIE)

      2. 2.1.2 Inductively Coupled Plasma Etching (ICP)

      3. 2.1.3 Deep Reactive Ion Etching (DRIE)

      4. 2.1.4 Other Types

    2. 2.2 By Application

      1. 2.2.1 Industrial Applications

      2. 2.2.2 Medical Applications

      3. 2.2.3 Consumer Electronics

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Rest of the World

Plasma Etching Equipment Market Size FAQs

The Plasma Etching Equipment Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)

Lam Research Corporation, Applied Materials Inc., Tokyo Electron Ltd, SPTS Technologies (KLA company) and Oxford Instruments PLC are the major companies operating in the Plasma Etching Equipment Market.

Plasma Etching Equipment Market Report Snapshots

Plasma Etching Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)