According to the industry analysis report titled ‘Global Semiconductor Process Control Equipment Market (2021 Edition) - Analysis By Type, Application, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’ available with MarketStudyReport, global semiconductor process control equipment market, which generated revenues worth USD 6402.72 million in 2020, is estimated to expand exponentially by 2026.

High demand for accuracy owing to increasing defects in semiconductor equipment, mounting demand for miniaturization of ICs, surging demand for advanced consumer electronics, and rising technology migration in hardware are some of the major factors driving the growth of the global semiconductor process control equipment market.

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Based on type, the market is fragmented in terms of metrology equipment, inspection equipment, and process control software. Among these, the inspection equipment segment is projected to grow exponentially over the forecast timeline, owing to the rapidly increasing demand for inspection in process control systems and the rising adoption of advanced semiconductor equipment.

Moving onto applications scope, the market is divided into IDMS, memory manufacturers, and foundries. Out of these, the foundry segment holds the largest market share and is expected to expand substantially over the analysis period, on account of the high demand for ICs and technological breakthroughs in the semiconductor manufacturing process.

Geographically, Asia Pacific is estimated to lead in terms of revenue share in global semiconductor process control equipment industry throughout the forecast period, primarily attributed to rising electronics manufacturing activities, increasing number of semiconductor manufacturers, and surging demand for consumer electronics.

The leading companies operating in the global semiconductor process control equipment market are Applied Materials Inc., KLA Corporation, Lasertec Corporation, Nova Ltd., Toray Engineering Co. Ltd., Hitachi High-Tech Corporation, Carl Zeiss AG, ASML Holding N.V., Onto Innovations, and Thermo Fisher Scientific.