Global Etching System Market Revenue Will Reach $23033 Million in 2023

Etching is a technique that utilizes chemically strong acid corrosion, mechanical polishing, or electrochemical electrolysis to treat the surface of an object. In addition to enhancing the beauty, it also adds value to the object. The etching technology has a wide range of applications from traditional metal processing to high-tech semiconductor manufacturing. In the aviation, mechanical, and chemical industries, the etching technique is widely used to reduce the weight of instrument panels.  
Etching techniques can be divided into two categories: wet etching and dry etching. In wet etching, a chemical solution is used to achieve the purpose of etching through a chemical reaction; Dry etching is usually a plasma etching, and the principle of this kind of etching may be the physical effect of ions in the plasma hitting the chip surface, or the chemical reaction between the active free radicals in the plasma and the atoms on the chip surface, or even the compound effect of the two.  
According to our research data, the total global etching system market revenue is expected to reach $23033 million in 2023, among which the dry-etching system segment dominates, with an estimated market revenue of $20713 million in 2023, and an expected market share of 89.93%.  
Global Etching System Market Revenue and Segment Share in 2023 
 Global Etching System Market Revenue and Segment Share in 2023
Source: www.globalmarketmonitor.com 

The research shows that North America is the largest revenue market in the global etching system industry. In 2023, the market revenue of the etching system in North America is expected to reach $9671 million, accounting for 41.99%. Japan will rank second with a market share of 24.82%. In addition, the etching system markets in China and South Korea are expected to be the fastest-growing markets.  

Global Etching System Market Revenue and Share Forecast by Region/Country in 2023

Regions/Countries

Market Revenue

Market Share

North America

9671

41.99%

Europe

3129

13.58%

China

1291

5.61%

Japan

5717

24.82%

South Korea

3017

13.10%

Others

208

0.90%

Source: www.globalmarketmonitor.com

Etching is an essential technology in semiconductor manufacturing. From a global perspective, the semiconductor industry has gone through a period of rapid growth and has now entered a mature period of stock competition. In the past 10 years, the growth rate of the semiconductor market has remained between 4% and 6%. International giants have achieved rapid growth through mergers and acquisitions, reducing industry competition, and maintaining high growth rates and gross profit margins. As one of the most important downstream applications of etching systems, the stable demand in the semiconductor market provides a guarantee for the development of the etching system market. In addition, the semiconductor industry is still showing a trend of rapid growth, and the emergence of new technologies will also bring new opportunities.


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