Plasma Etching Equipment Market

Increased Utilization in Automotive and Industrial Applications is Driving the Market Growth

Pre-treatment technologies in the automotive industry, such as plasma cleaning to eliminate silicon residues, employ plasma etching equipment. This entails applying a plasma coat as an adhesion booster and plasma etching high-performance plastic materials. The ICs and MEMS devices produced by this equipment are also utilized in automobiles to enhance passenger safety in a collision by monitoring tire inflation and producing absolute manifold pressure sensing systems.

For instance, to solve fundamental issues in the Gallium Nitride (GaN) power device business, Oxford Instruments, a UK-based manufacturing and research company, launched Atomfab, a Plasma Atomic Layer Deposition (PALD) high volume production solution (HVL) in June 2019. Furthermore, to safeguard the sensitive, repeatable, and underlying GaN substrate that the plasma delivers, Atomfab carefully regulates distant plasma. With standard cluster configurations and enhanced process controls, Atomfab not only meets customer needs on a single wafer platform but also dramatically lowers cost per wafer.

Additionally, it offers notable reductions in Cobalt Oxide (CoO), yield enhancement, and improved device performance for GaN power devices.

Semiconductors have affected the Internet of Things, 5G, AI, and smartphone dependence. Semiconductors power technologies that enhance consumer lives and allow for faster, smarter, and more efficient business processes. The global expansion of consumer electronics items is attributed to their increasing use. Additionally, the advancement of AI, IoT, and machine learning technologies is opening up new opportunities for market expansion. These advancements have made memory chips faster at processing large amounts of data. Throughout the anticipated period, the growing demand for quicker and more sophisticated memory chips in industrial applications will propel the growth of the plasma etching equipment market.

In order to provide chipmakers with the best process performance and maximum productivity, the top players in the Plasma Etching Equipment Market have taken the required actions to build plasma etch equipment with cutting-edge functionality and extendibility. For instance, the American company LAM Research Corp., which manufactures semiconductor processing devices, introduced the Sense.iTM platform in March 2020. It is a system solution that uses plasma etch technology and provides system intelligence within a small, high-density architecture. The Sense.i platform offers a 50% increase in etch output density because to its space-saving architecture. Thus, driving the plasma etching equipment market revenue.

The Global Plasma Etching Equipment Market Industry is experiencing rapid technological advancements that enhance etching precision and efficiency. Innovations in plasma technology, such as the development of high-density plasma sources, enable manufacturers to achieve finer feature sizes and improved process control. For instance, the introduction of advanced etching systems allows for better uniformity and reduced defects in semiconductor fabrication. As these technologies evolve, they are likely to drive demand within the industry, contributing to the market's projected growth from 12.6 USD Billion in 2024 to 27.1 USD Billion by 2035, with a CAGR of 7.22% from 2025 to 2035.

The Global Plasma Etching Equipment Market Industry is witnessing growth due to the emergence of new markets and globalization. Countries in Asia-Pacific, particularly China and India, are rapidly expanding their semiconductor manufacturing capabilities, driven by government initiatives and foreign investments. This trend is creating a robust demand for plasma etching equipment as manufacturers seek to enhance their production capabilities. Additionally, globalization facilitates technology transfer and collaboration, allowing companies to adopt advanced plasma etching solutions. As these emerging markets continue to develop, they are expected to contribute significantly to the overall growth of the industry.

The Global Plasma Etching Equipment Market Industry is propelled by the rising trend of miniaturization in electronic devices. As manufacturers strive to produce smaller and more efficient components, the need for precise etching techniques becomes paramount. Plasma etching allows for the creation of nanoscale features that are essential for modern electronics, such as smartphones and wearables. This demand for miniaturization not only drives innovation in plasma etching technologies but also encourages investment in new equipment, thereby fostering market growth. The industry's ability to adapt to these evolving requirements is crucial for maintaining its competitive edge.

The Global Plasma Etching Equipment Market Industry is significantly influenced by the surging demand for semiconductors across various sectors, including consumer electronics, automotive, and telecommunications. As the world becomes increasingly reliant on digital technologies, the need for advanced semiconductor devices escalates. This trend is evidenced by the growing investments in semiconductor manufacturing facilities, which require sophisticated plasma etching equipment to produce intricate chip designs. The industry's expansion is expected to align with the overall semiconductor market growth, further solidifying its position as a critical component in the manufacturing process.

The Global Plasma Etching Equipment Market Industry is also benefiting from the expansion of renewable energy technologies, particularly in the production of photovoltaic cells. As the world shifts towards sustainable energy solutions, the demand for efficient solar panels increases, necessitating advanced manufacturing processes. Plasma etching plays a vital role in the fabrication of solar cells, enabling the creation of high-efficiency structures. This growing focus on renewable energy is likely to stimulate investments in plasma etching equipment, further enhancing the market's growth trajectory as it aligns with global sustainability goals.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American plasma etching equipment market area will dominate this market since the region is home to some of the world's leading semiconductor manufacturers, the demand for cutting-edge technology is growing across a range of end-user industries, the consumer electronics sector is expanding quickly, and the government has supported the local semiconductor industry with advantageous regulations.

It is anticipated that the market for plasma etching equipment would rise rapidly due to the growing need for compact integrated circuits (ICs) and smart, portable devices.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PLASMA ETCHING EQUIPMENT MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe plasma etching equipment market accounts for the second-largest market share because of the rise of intelligent technology (IoT) gadgets, including tablets, smartphones, televisions, and other devices. Given the abundance of semiconductor manufacturers, it is anticipated to command a significant portion of the plasma etch system market in the years to come. Further, the German plasma etching equipment market held the largest market share, and the UK plasma etching equipment market was the fastest growing market in the European region

The Asia-Pacific Plasma Etching Equipment Market is expected to grow at the fastest CAGR from 2023 to 2032 mostly attributable to the region's housing of some of the top semiconductor producers, the rising demand for cutting-edge technology from a wide range of end-user industries, the rapid expansion of the consumer electronics sector, and government regulations that encourage the growth of the semiconductor sector. Moreover, China’s plasma etching equipment market held the largest market share, and the Indian plasma etching equipment market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the plasma etching equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, plasma etching equipment industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global plasma etching equipment industry to benefit clients and increase the market sector. In recent years, the plasma etching equipment industry has offered some of the most significant advantages to medicine. Major players in the plasma etching equipment market are attempting to increase market demand by investing in research and development operations includes GigaLane, LAM Research Corp, Trion Technology, SAMCO Inc., Oxford Instruments PLC, Tokyo Electron Ltd, NAURA, Plasma Etch Inc, Applied Materials Inc., SPTS Technologies.

Applied Materials Inc. is a company that sells display and semiconductor equipment. The business creates, produces, and sells a variety of manufacturing tools used in the fabrication of semiconductor chips. Semiconductors, displays, roll-to-roll web coatings, solar products, and automation software are some of its technologies and products. In addition, the company offers maintenance, upgrades, spare parts, and remanufactured equipment from previous generations for solar, semiconductor, and display devices. Applied Materials provides support to companies that make organic light-emitting diodes, flat panel liquid crystal displays, semiconductor chips and wafers, and other electronic products.

Tokyo Electron Ltd. (TEL) is a manufacturer and distributor of electronics, flat panel displays, and semiconductor equipment. It also makes and markets equipment for producing semiconductors. The business creates a variety of SPE covering the main steps in chip fabrication and provides these systems to makers of semiconductor devices all around the world. TEL provides high-performance FPD manufacturing equipment to FPD manufacturers across the world so they may make screens for LCD TVs, PCs, and other electronic devices.