Dec 4, 2021   SOURCE: BusinessWire

Global Process Control Market Insights and Forecast (2021-2026): Growing IoT Proliferation and Rising Need for Wafer Fab Equipment Memory Devices Driving Growth - ResearchAndMarkets.com

The "Global Process Control Market - Analysis By Process Type (Inspection and Defect Review, Metrology, Others), Application (Wafers, Photomasks, Others), By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Process Control Market was valued at USD 7520.11 Million in the year 2020. Increasing proliferation of loT (Internet of Things) and rising need of wafer fab equipment memory devices like 3D NAND and DRAM is driving growth of the market.

The main challenge posed to the industry is introduction of multi-layer wiring and planarization process in manufacturing of wafer fab equipment devices which existing inspection systems are incapable to detect. The growing demand for IoT devices will offer immense growth opportunities.

Based on process type, the market is segmented into Inspection and Defect Review, Metrology and Other Process Control. The Inspection and Defect Review segment is expected to grow at a higher CAGR during the forecast period as inspection is about finding the locations of potential defects and is the largest process, representing approximately 50% of the Process Control market.

Asia Pacific is estimated to hold the maximum share in the global Process Control Market. Asia Pacific continues to dominate the outsourced aspects of wafer fab equipment production. Nearly 80 percent of wafer fab equipment foundries and assembly and test operations are concentrated in Asia.

Factors such as higher concentration of OEMs and ODMs across industries, including consumer electronics, automotive, healthcare, industrial, and others in Asia Pacific will significantly drive microcontroller manufacturing demand which in turn drives the demand of wafer fab equipment. Further, growing advances in wafer fab equipment manufacturing will facilitate the Process Control market growth in Asia Pacific over the forecast period.

By 2026, the wafer fab equipment industry will experience significant benefits from the ongoing development and innovation in connectivity, communications, the automotive industry, and data centers. In addition, the increase in the consumption of electronic components used in the navigation of automobiles, safety, and infotainment further contributes to the growth of the wafer fab equipment sector and process control market.

Scope of the Report:

  • The report presents the analysis of Process Control Market for the historical period of 2016-2020 and the forecast period of 2021-2026.
  • The report analyses the Process Control Market by value (USD Million).
  • The report analyses the Process Control Market by Process Type (Inspection & Defect Review, Metrology, Other Process Control).
  • The report analyses the Process Control Market by Application (Wafers, Photomasks Others)
  • The Global Process Control Market has been analysed by Countries (United States, Canada, Mexico, Germany, France, United Kingdom, China, Japan, Taiwan, South Korea).
  • The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Process Type, by Application.
  • Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include: Applied Materials, KLA Corporations, Lasertec Corporation, ASML Holdings, Hitachi High-Tech Corporation, Nova Measuring Instruments, Samsung Electro-Mechanics, Lam Research Corporation, Analog Devices, Inc., Ichor Systems, Carl Zeiss, Onto Innovations

Company Profiles (Business Description, Financial Analysis, Business Strategy)

  • Applied Materials
  • KLA Corporation
  • Lasertec Corporation
  • ASML Holdings
  • Hitachi High-Tech Corporation
  • Nova Measuring Instruments
  • Samsung Electro-Mechanics
  • Lam Research Corporation
  • Analog Devices, Inc.
  • Ichor systems
  • Carl Zeiss
  • Onto Innovations

     

For more information about this report visit https://www.researchandmarkets.com/r/xs3bdm

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