Global Mask Inspection Equipments market managed to increase sales with the revenue $540.29 million In 2018
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A mask is an original master for transferring IC patterns to the semiconductor wafers. Defects during lithography that exceed expected size must be identified and corrected. Semiconductor devices are manufactured using photomasks, which serve as the source of original patterns for integrated circuits.
The semiconductor market is shifting toward complex and miniaturized devices. Semiconductor device manufacturers need higher inspection sensitivity as they move toward lower node sizes (10nm and beyond). The migration will introduce complex structures and designs, as well as new materials.
Mask inspection equipment is fab equipment that is used, before lithography, to inspect photomasks for defects during the production of semiconductor wafers. It is also used for R&D purposes. The increase in the application of semiconductor integrated circuits (ICs) in segments like consumer electronics, automobiles, and industries is prompting IC vendors to raise their production scales. This will compel the vendors to demand more mask inspection equipment to ensure maximum reliability of their offerings.
In 2018, Mask Inspection Equipments market managed to increase sales in worldwide, with the revenue $540.29 million. 2019 is expected to be a challenging year for the semiconductor industry mainly due to macroeconomic factors such as a slowdown in the Chinese economy, falling average selling prices of smartphones, and declining tablets and PC segments. However, the advent of the Internet of Things (IoT), automation in automobiles, and the concept of a connected environment are expected to create substantial demand for semiconductor devices during the forecast period. In the next five years, the global market of Mask Inspection Equipments will witness a growth and will post an impressive CAGR of more than 7% during the forecast period 2019-2025, and expected to reach $885.90 million by the end of 2025.
Intense market competition, rapid technological advances, and cyclical nature of the semiconductor industry pose significant challenges to market vendors. The market has significant entry barriers such as high capital investments which challenge the entry of new players in the market. The competition among the vendors is expected to intensify due to the emergence of new technology milestones like IoT and wearable technology.
In terms of geography, the APAC region led the global mask inspection equipment and the four countries including China, Taiwan, Japan, Korea, have reached close to $400.82 million in 2018, due to the existence of manufacturing industries in Asian countries. China, Taiwan, Japan, and South Korea have a very rich environment for manufacturing companies. The economic growth in China and India is also driving the strong demand for electronic products in the semiconductor inspection system market.