Plasma Etching Equipment Market Size, Share, Industry Trends and Forecast to 2030

1. What is the Market Size & CAGR of Plasma Etching Equipment market in 2021?

The global plasma etching equipment market is anticipated to show a CAGR of 7.2% from 2021 to 2028. By the end of the forecast period, the market size is expected to reach USD 11.5 billion.

2. COVID-19 Impact on the Plasma Etching Equipment Market

The COVID-19 pandemic had a significant impact on the plasma etching equipment market. Due to disruptions in the supply chain and manufacturing processes, there was a temporary slowdown in the market growth. However, the market quickly recovered as industries adapted to the new normal and the demand for plasma etching equipment increased in sectors such as electronics, healthcare, and automotive.

3. Plasma Etching Equipment Dynamics

The plasma etching equipment market is driven by factors such as the increasing demand for miniaturization of electronic devices, rising investments in R&D activities, and growing applications in the semiconductor industry. Technological advancements in plasma etching equipment, such as the development of advanced etching processes and materials, are also contributing to the market growth.

4. Segments and Related Analysis

4.1. By Equipment Type

The plasma etching equipment market is segmented by equipment type into inductively coupled plasma etching systems, reactive ion etching systems, and deep reactive-ion etching systems. The inductively coupled plasma etching systems segment is expected to dominate the market due to their high efficiency and precision.

4.2. By End-Use Industry

The market is segmented by end-use industry into semiconductor, healthcare, automotive, aerospace, and others. The semiconductor industry is the largest consumer of plasma etching equipment, driven by the demand for advanced semiconductor devices.

5. By Region Analysis

5.1. North America

North America is expected to hold a significant share in the plasma etching equipment market, attributed to the presence of key market players, technological advancements, and increasing investments in research and development activities.

5.2. Europe

Europe is anticipated to witness substantial growth in the plasma etching equipment market due to the growing demand for miniaturized electronic devices and the adoption of advanced etching technologies in the semiconductor industry.

5.3. Asia Pacific

The Asia Pacific region is expected to show rapid growth in the plasma etching equipment market driven by the expanding semiconductor industry, increasing investments in manufacturing infrastructure, and rising demand for consumer electronics.

5.4. Latin America

Latin America is projected to witness moderate growth in the plasma etching equipment market supported by the growing automotive and healthcare industries in the region.

5.5. Middle East and Africa

The Middle East and Africa region are expected to experience steady growth in the plasma etching equipment market due to increasing investments in the semiconductor industry and the expanding aerospace sector.

6. Key Market Players and Competitive Landscape

Some of the key players in the plasma etching equipment market include Applied Materials, Lam Research Corporation, Tokyo Electron Limited, Oxford Instruments, Plasma-Therm, SPTS Technologies, Samco Inc., Nordson Corporation, ULVAC Inc., and Plasma Etch Inc. These companies are focusing on product innovation, strategic collaborations, and expansions to gain a competitive edge in the market.

7. Recent Happenings in the Plasma Etching Equipment Market

In recent developments, Lam Research Corporation announced the launch of a new plasma etching system with enhanced process control capabilities. Applied Materials unveiled a next-generation deep reactive-ion etching system for advanced semiconductor manufacturing. Tokyo Electron Limited introduced a high-speed inductively coupled plasma etching system for 3D NAND fabrication. These innovations are expected to drive the growth of the plasma etching equipment market in the coming years.