The global Plasma Etch System market is expected to reach USD 8.7 billion by 2026, according to a new report by Reports and Data. Plasma processing done to fabricate integrated cells is known as plasma etching. It is also known as dry etching as the traditional etching is carried out by the involvement of various wet chemical acids. Plasma etching is popular among semiconductors as it uses fewer chemicals and is apt for automation and single wafer manufacturing. It does not use water while etching hence protecting water sensitive wafers from contamination.
The market for plasma etch is mainly boosted by the semiconductor industry. The chief use of plasma in the electronic industry is in semiconductors chip manufacturing. Advancement in technology is boosting the market of integrated circuits that is, in turn, fueling the market of plasma etch. With the world looking for wireless and compact devices, manufacturers have introduced more compact, energy efficient electronic devices that have higher performance capability will instigate a need to develop miniature semiconductor integrated circuits. For manufacturing of miniature circuits, advanced fabrication is needed which in turn will boost the market of plasma etching system. With the growth in IoT applications, smart devices are increasing giving rise to miniature semiconductors thus raising the demand for plasma etching.
APAC region is projected to witness a dramatic increase in the market. It occupies a market share of 21% due to the increase in smart devices like smart phones, tablets, televisions, and other IoT devices. It is expected to dominate the market in the coming years due to the presence of large number of semiconductor manufacturers in China, Taiwan, Japan, South Korea etc.
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Segments covered in the report:
Type Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.
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The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.
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