According to the industry analysis report titled ‘Global Process Control Market - Analysis By Process Type (Inspection and Defect Review, Metrology, Others), Application (Wafers, Photomasks, Others), By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global process control market is anticipated to record a robust growth rate through 2026.

Veteran analysts cite that proliferation of IoT and growing inclination towards wafer fab equipment memory chips such as 3D NAND and DRAM are the factors aiding global process control market growth.

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In addition, burgeoning usage of electronic devices in automobiles for navigation and infotainment purposes, combined with R&D for innovations in data centers, connectivity, and communication may present new opportunities for market expansion in the upcoming years.

Despite the positive industry outlook, challenges such as emergence of multi-layer wiring systems, outdated detection systems, and issues associated with manufacturing wafer fab equipment may threaten the upward trend in market dynamics.

Worldwide process control market is bifurcated on the basis of process type (metrology, inspection & defect review, others), application scope (photomasks, wafers, others), and region (Americas, Europe, Asia Pacific).

With respect to process type, the inspection & defect review sub-market is expected to gain substantial traction and account for nearly 50% volume share the analysis period, as the process is leveraged to detect the location of potential defects in an equipment.

From a regional frame of reference, Asia Pacific is anticipated to capture the largest market share over the study period, as the region is a hub for majority of wafer fab equipment assembly and operations. Ongoing R&D activities and a higher concentration of OEMs and ODMs across industries within the landscape will positively sway the industry dynamics.

The competitive framework of the process control industry is defined by established players such as Carl Zeiss AG, Lasertec Corporation, Nova Measuring Instruments Ltd., Applied Materials Inc., ASML Holding N.V., KLA Corporation, Samsung Electro-Mechanics, Hitachi High Technologies Corporation, Onto Innovation Inc., Analog Devices Inc., and Lam Research Corporation.