The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the etching machine market?
The increase in chip demand is expected to propel the growth of the etching machine market going forward. Chip refers to a microchip or integrated circuit (IC) that contains a complex arrangement of electronic components, such as transistors, resistors, capacitors, and interconnections, all fabricated onto a small semiconductor substrate, usually made of silicon. The etching machine control system uses memory chips to store program instructions, settings, and data to perform various tasks, manage processes, and ensure proper operations. For instance, EMVCo, a US-based non-governmental organization, reported that by the end of 2022, there were 12.8 billion EMV chip cards in circulation globally, marking a 7% increase from the previous year. The report also revealed that 69% of all cards issued worldwide were EMV-enabled, and 93% of all card-present transactions utilized EMV chip technology. Therefore, the increase in chip demand is driving the growth of the etching machine market.
Etching Machine Market Driver: Surging Demand For Electronic Components Powers Growth In The Etching Machine Market
An increase in demand for electronic components is expected to propel the growth of the etching machine market going forward. Electronic components refer to small elements of a circuit that support a circuit’s operation and regulate the flow of electrons in an electronic circuit, electronic system, or electronic device. Laser etching is used in the electronics manufacturing process of customized process control boards (PCBs) that control consumer electronics and offer a convenient system for coupling various electronic components. For instance, in March 2022, according to the Electronic Components Industry Association (ECIA), a US-based electronic component manufacturer trade association, the actual overall sales sentiment for February was 129.4, which was higher than expected by 16.3 points published in the February 2022 Electronic Component Sales Trend Survey (ECST). Therefore, the increase in demand for electronic components is driving the growth of the etching machine market.
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How has the etching machine market size evolved, and what are the latest forecasts for its expansion?
The etching machine market size has grown rapidly in recent years. It will grow from $11.44 billion in 2024 to $12.86 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to growth in electronics manufacturing, expansion of semiconductor industry, increase in demand for precision components, growing importance of training and support services.
The etching machine market size is expected to see rapid growth in the next few years. It will grow to $19.58 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to emergence of 5g technology, increased demand for mems devices, growing importance of precision engineering. Major trends in the forecast period include environmentally friendly etching solutions, integration of digital controls and monitoring, customization capabilities, focus on cost-effective solutions, advancements in microfabrication technologies, rise in research and development activities, focus on green and sustainable technologies.
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Which major companies dominate the etching machine market?
Major companies operating in the etching machine market report are Tokyo Electron Ltd., Panasonic Holdings Corporation, Nucor Corporation, Applied Materials Inc., Lam Research, Trumpf GmbH + Co. KG, Hitachi High-Tech Corporation, Newport Corporation, Coherent Inc., DISCO Corporation, Plansee SE, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Jenoptik AG, Lumentum Operations LLC, Graepel, Plasma-Therm LLC, Eurolaser GmbH, Trotec Laser, Universal Laser Systems, Epilog Corporation, CVD Equipment Corporation, Suzhou Delphi Laser Co. Ltd., Advanced Dicing Technologies, Sintec Optronics Pte Ltd.
What trends will shape the future of the esophagoscopes and gastroscopes market?
Major companies operating in the etching machines market focus on developing innovative etching machines such as diode laser technology, distinct from plasma and vacuum technologies, to meet growing demands for miniaturization and sustainability in industries like electronics and semiconductor manufacturing. Diode laser technology utilizes a semiconductor to generate laser light through electroluminescence when an electric current is applied. These lasers are compact, efficient, and widely used in various applications, including telecommunications and medical devices. For instance, in April 2023, ELEGOO, a China-based technology company, launched a PHECDA laser engraving machine. It offers versatile engraving and cutting capabilities for various materials, with user-friendly features like WiFi connectivity and safety mechanisms. Its affordable pricing and generous workspace make it ideal for hobbyists and small businesses looking to create custom projects efficiently.
Which region dominates the etching machine market, and what factors contribute to its leadership?
North America was the largest region in the etching machine market in 2024. The regions covered in the etching machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the etching machine market segmented, and which segment holds the largest share?
The etching machine market covered in this report is segmented –
1) By Product Type: Electrolytic, Plasma, Other Product Types
2) By Operation: Manual, Automatic
3) By Technology: Wet Etching, Dry Etching
4) By Application: Electronic Components, Integrated Circuits, Plastic Packaging, Mobile Communications, Others Applications
5) By Industry: Automotive And Transportation, Electrical and Electronics, Consumer Products, Medical And Surgical Instruments, Machinery And Tools, Construction, Defense, Oil And Gas, Other Industries
Subsegments:
1) By Electrolytic: Acid Etching Machines, Alkaline Etching Machines
2) By Plasma: Inductively Coupled Plasma (ICP) Etching Machines, Reactive Ion Etching (RIE) Machines
3) By Other Product Types: Laser Etching Machines, Chemical Etching Machines, Mechanical Etching Machines
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What defines the structure and scope of the etching machine market?
An etching machine is a device or tool used to create designs, characters, or patterns on various surfaces, particularly metal surfaces. These machines provide a versatile means of adding detailed and controlled plans to multiple materials.
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