As per the research 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 was worth USD 7520.11 million in 2020 and is slated to showcase a sturdy 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Despite the positive outlook, challenges such as emergence of multi-layer wiring & planarization procedure, outdated detection systems, and issues associated with manufacturing wafer fab equipment may threaten the upward trend in the market.

With respect to process type, worldwide process control industry share from the inspection & defect review segment accounts 50% at present and is expected to gain substantial traction over the analysis period, as the process is configured to detect the location of potential defects in an equipment. 

From a regional frame of reference, Asia Pacific is anticipated to capture a considerable market share over the study period, as the region is a hub for 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.