Technavio expects global wafer inspection equipment market to reach over $4 billion by 2019

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A far-reaching study and segmentation of the global wafer inspection equipment market by product (patterned wafer and unpatterned wafer) and by geography (APAC, North America, and Europe). The report also presents the market projections and a detailed analysis of the top vendors, including Applied Materials, Hermes Microvision, and KLA-Tencor.

Technavio has released updated information on the semiconductor wafers market, with the publication of its new market research report, global wafer inspection equipment market. The global wafer inspection equipment market is expected to grow at a CAGR of around 11% between 2015 and 2019. The growth in semiconductor market and the increasing complexity in the design of ICs will drive the market for the semiconductor wafer inspection equipment market. The emergence of new and innovative technologies such as IoT, M2M, UHD TVs, hybrid laptops, and vehicle automation are fuelling the demand for semiconductor ICs, which will thus produce the demand for semiconductor wafers. APAC accounts for 70% of the overall market share, thanks to the presence of large semiconductor foundries in countries like China, Taiwan, and South Korea.

“Of late, the semiconductor market is witnessing increasing demand for compact electronic devices used in different sectors, such as telecommunication, automotive, industrial manufacturing, and healthcare segment. This has led to the demand for miniaturization of semiconductor ICs, such as 3D ICs and micro-electro-mechanical system (MEMS). Miniaturization has necessitated the use of wafer inspection equipment in semiconductor foundries to find defects in wafers and maintain the quality of the semiconductor devices,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.

The patterned wafer inspection market dominates the wafer inspection equipment market, accounting for over 87% of the total market. The market for unpatterned wafer inspection equipment is small when compared to patterned wafer inspection market because these equipment can only detect defects on only bare silicon surface, hence the dominance of the patterned wafer inspection market.

The key vendors in the wafer inspection equipment market are Applied Materials, Hermes Microvision, and KLA-Tencor. This market is likely to witness an intense competition during the forecast period. One key reason for this competition is the e-beam wafer inspection equipment, which is being targeted to overcome low throughput challenge, thus increasing the product’s usage and attracting more customers. Since the market is witnessing huge growth potential, it is likely to attract new entrants in the market.

A more detailed analysis is available in the Technavio report, Global Wafer Inspection Equipment Market 2015-2019.

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