Albany, NY -- (SBWIRE) -- 12/07/2016 -- Dielectric etching equipment is used extensively for etching dielectric material during the manufacturing process of a semiconductor. The dielectric etching process is an anisotropic process that removes various dielectric substances such as silicon nitride, silicon oxide and different overlying photoresist mask. In many cases, carbon monoxide is used in various dielectric etching process owing to its higher profile control and higher selectivity over oxygen-based or fluorocarbon etch processes. The market growth of semiconductor dielectric etching equipment market is highly dependent on the growth of the overall semiconductor market globally.

For the purpose of detailed analysis, the global semiconductor dielectric equipment market can be segmented on the basis of product type, application and geography. Based on product type, the market can be classified into dry etching equipment and wet etching equipment. Various application of dielectric etching equipment includes high aspect ratio and self-aligned contacts, capacitor cell, low-k and ultra-low-k dual damascene, 3D NAND and mask open. Moreover, the report also provides cross sectional analysis of all the above mentioned segment across various regions such as North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Increasing demand for energy efficient, compact and high performance electronic devices across the globe triggers the need of miniaturization of various semiconductor circuits. Miniaturization of semiconductor circuits undergoes different wafer fabrication process through various dielectric etching equipment. Thus, the rising need for miniaturizing semiconductor circuits is the primary factor predicted to fuel the demand of various dielectric etching equipment during the forecast period from 2016 to 2024. In addition, rapid technological upgradation in Internet of Thing (IoT) application for providing advanced smart devices to various consumers is also anticipated to boost the demand of technologically advanced semiconductors in the coming years. This in turn is also predicted to affect the market of dielectric etching equipment positively during the forecast period.

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In spite of so many driving factors, the global semiconductor dielectric etching equipment market is anticipated to show a fluctuating growth rate owing to the cyclic nature of the semiconductor industry. Very often, production of semiconductor exceeds the demand from various end users segment, thereby results in inventory pile up. This in turn is anticipated to deter the demand of various semiconductor dielectric etching equipment when various semiconductor manufacturers curtail their production owing to large quantity of unsold stock.

By product type, the dry dielectric etching equipment held the largest market share in 2015 owing to its low cost in disposing the materials and reduced material consumption. However, the wet etching technology is anticipated to experience an exponential growth rate during the forecast period. Ease of operation and high etching rate of wet etching equipment makes it the most suitable choice for various end user application segments.

Geographically, the global semiconductor dielectric etching equipment market is majorly driven by Asia Pacific region. The main reason behind this region's dominance is attributed to the increasing demand of portable smart devices such as smart phone, tablets and smart television set among others. Rising demand of these smart devices is anticipated to accelerate the demand of miniature semiconductor circuits, thereby predicted to drive the market rapidly. Moreover, in terms of market growth also, this region is expected to dominate the market during the forecast period owing to the presence of large number of semiconductor manufacturers in countries such as Japan, Taiwan and South Korea among others.

Despite of low concentration of semiconductor dielectric etching equipment manufacturers across the globe, intense competition exist among the vendors owing to strong foothold of the existing vendors. Moreover, the completion is anticipated to increase in the coming years due to predictive strategic alliance among the existing vendors.

Some of the leading players operating in the semiconductor dielectric etching equipment market includes Applied Materials (U.S), AMEC (China), Lam Research (U.S), SPTS Technologies (U.K) and Oxford Instruments (U.K) among others.