Overview and Scope
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.
Sizing and Forecast
The etching machine market size has grown rapidly in recent years. It will grow from $10.15 billion in 2023 to $11.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. 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 $17.54 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. 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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Segmentation & Regional Insights
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
North America was the largest region in the etching machine market in 2023. 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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Major Driver Impacting Market Growth
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, in February 2022, according to the Semiconductor Industry Association (SIA), a US-based trade association, chip sales increased to $555.9 billion in 2021, up from 26.2% in 2020. Therefore, the increase in chip demand is driving the growth of the etching machine market.
Key Industry Players
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.
The etching machine market report table of contents includes:
- Executive Summary
- Etching Machine Market Characteristics
- Etching Machine Market Trends And Strategies
- Etching Machine Market – Macro Economic Scenario
- Global Etching Machine Market Size and Growth
……….
- Global Etching Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Etching Machine Market
- Etching Machine Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Etching Machine Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Etching Machine Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Etching Machine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 76: Panasonic Holdings Corporation Financial Performance
Table 77: Nucor Corporation Financial Performance
Table 78: Applied Materials Inc. Financial Performance
Table 79: Lam Research Financial Performance
Table 80: Tokyo Electron Ltd. Financial Performance
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