According to 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 valued at USD 7520.11 million in the year 2020 and is expected to rise exponentially during 2021-2026.

The expansion of global process control industry is driven by soaring demand for wafer fabrication equipment for memory devices like DRAM & 3D NAND, extensive consumption of electronic components in automobiles for safety & other infotainment features, and massive integration of technologies like the Internet of Things (IoT).

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Moreover, the ongoing development & innovation activities in connectivity, data centers, communications, and automotive sectors are likely to unearth financially viable opportunities for enterprises in this domain during the review period.

However, the inability of existing inspection systems to detect the new processes like planarization and multi-layer wiring in the production of wafer fab devices is estimated to pose a serious challenge to the progress of the business sphere in the forthcoming years. 

Based on application scope, global process control market is segregated into photomasks, wafers, and others. 

In terms of process type, the market is categorized into metrology, inspection & defect review, and others. Of these, the inspection & defect review segment accounts for almost half of the total revenue share in market at present and is slated to record a substantial growth rate during the forecast period, owing to its ability to detect areas of potential defects.

From a geographical standpoint, Asia Pacific market is poised to witness significant expansion during the assessment timeframe, attributed to the advancements in the manufacturing of wafer fab equipment, and the huge concentration of original design manufacturers (ODMs) & original equipment manufacturers (OEMs) in the region. Moreover, with nearly 80% of test and assembly operations centered around Asia Pacific, the region also boasts of outsourcing production, thus adding to industry value.

The well-known players in worldwide process control industry sphere include Onto Innovations Inc., Applied Materials Inc., Lasertec Corporation, ASML Holdings N.V., Hitachi High-Tech Corporation, Nova Ltd., Carl Zeiss AG, Samsung Electro-Mechanics, Ichor Systems Inc., Lam Research Corporation, KLA Corporation, and Analog Devices Inc. among others.