What Fueled The Previous Growth In The Etching Machine Market?
The etching machine market has seen considerable growth due to a variety of factors.
• The value of the etching machine market has expanded swiftly in the past few years. This market is projected to inflate from $11.44 billion in 2024 to $12.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.4%.
The historic surge can be credited to the expansion of electronic production, semiconductors industry development, amplified requirement for precise components, and the rising prominence of training and support services.
How Does the Forecast Look for the Etching Machine Market?
The etching machine market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the etching machine market is predicted to experience a significant expansion. It is estimated that by 2029 it will attain a market size of $19.58 billion with a compound annual growth rate (CAGR) of 11.1%.
The predicted augmentation during the projected period is due to factors such as the arrival of 5G technology, heightened requirement for MEMS devices, and the increasing significance of precision engineering. The major trends observed in the forecast period bulletins include ecologically-sound etching solutions, the fusion of digital controls and monitoring, customization capabilities, a concentration on cost-effective solutions, progress in microfabrication technology, elevated activity in research and development, and emphasis on green and sustainable technologies.
What Are The Leading Drivers Of Growth In The Etching Machine Market?
The growth of the etching machine market is projected to be fueled by a rise in chip demand. A chip, also known as a microchip or integrated circuit, is a complex assembly of electronic components like transistors, resistors, capacitors, and interconnections, all built on a small semiconductor base, usually silicon-based. The control system of the etching machine employs memory chips to store programming direction, configurations, and data for various tasks, process management, and to ensure correct functioning. For example, EMVCo, a non-governmental organization based in the USA, stated that by 2022's end, there were 12.8 billion EMV chip cards worldwide, a 7% increase from the prior year. The study further disclosed that 69% of all globally issued cards were EMV-compatible, and 93% of all card-present transactions employed EMV chip technology. Hence, the surge in chip demand is propelling the etching machine market's growth. Any rise in demand for electronic components will likely stimulate the expansion of the etching machine market. Electronic components are minor parts of an electronic circuit, supporting its function and regulating the electron flow in an electronic circuit, system, or device. The process of manufacturing electronic goods, such as custom-made process control boards (PCBs) controlling consumer electronics and providing an easy system for linking various electronic components, employs laser etching. For instance, in March 2022, according to the Electronic Components Industry Association (ECIA), an American trade group for electronic component manufacturers, the actual comprehensive sales sentiment in February stood at 129.4, exceeding the February estimate by 16.3 points as published in the February 2022 Electronic Component Sales Trend Survey (ECST). Hence, the surge in demand for electronic components is propelling the etching machine market's growth.
How Are The Segments Defined Within The Global Etching Machine Market?
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
Pre-Book The Etching Machine Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Etching Machine Market?
Firms that are leading in the field of etching machines are channeling their efforts into the creation of breakthrough etching machines like diode laser technology. These machines, unique and different from plasma and vacuum technologies, will serve the escalating requirements of industries such as electronics and semiconductor production for both miniaturization and sustainability. Diode laser technology applies a semiconductor to produce laser light via electroluminescence when electric current is introduced. These lasers are small, effective, and extensively employed in a range of applications that include telecommunications and medical devices. ELEGOO, a tech firm based in China, as an example, introduced the PHECDA laser engraving machine in April 2023. This machine provides varied engraving and cutting abilities on different materials, and is user-friendly with features like WiFi connection and safety systems. Because of its sensible pricing and ample workspace, it is the perfect choice for hobbyists and small businesses looking to complete custom projects efficiently.
Who Are the Key Players In 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 Is The Most Dominant Region In The Etching Machine Market?
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
