Microelectronics Cleaning Equipment Market Size

Microelectronics Cleaning Equipment Market Analysis

The microelectronics cleaning equipment market is expected to grow at a CAGR of 5.97% over the forecast period (2021-2026). Microelectronics devices such as wafers, MEMS, ICs, and PCBs, which are considered building blocks of almost all the electronic devices, require the cleaning process to maintain performance and reliability. Hence, microelectronics cleaning is a crucial step concerning the functioning of any electronic device in the semiconductor industry. The demand for cleaning such devices is rising, thereby driving the market growth during the forecast period.

• According to World Semiconductor Trade Statistics (WSTS), the global semiconductor market size is expected to reach USD 460 billion by 2021, compared to USD 412.3 billion in 2019. The semiconductor market is driven by the increasing need to manage power across electronics and miniaturization.
• With the increase in the growth of the semiconductor industry due to the integration of semiconductors into consumer electronics devices, such as smartphones, tablets, television, laptops, iPods, cameras, washing machines, printers, music systems, and others, the market is experiencing significant growth as microelectronics cleaning equipment are used to clean silicon wafers, compound semiconductor device wafers, etc.
• Moreover, the growing adoption of automation has led to an increase in the number of cleaning methods during production and high demand for silicon-based sensors, which is likely to trigger the need for microelectronics cleaning equipment. Also, the primary application of microelectronics cleaning equipment is in the IC fabrication industry, where a significant percentage of the fabrication process involves cleaning the wafers.
• Further, rising awareness about the adverse effect of surface contamination & defects on an electronic product that hampers functioning & performance is the significant factor that propels the market growth. Furthermore, with the introduction of ISO 14000, the cleaning has become more important for different parts of technological processes. However, growing environmental concerns regarding chemicals & toxic gasses and lack of skilled workforce are the factors that are hindering the market growth.
• The Outbreak of COVID-19 has an adverse effect on the semiconductor industry with massive disruptions in the supply chain due to lockdown imposed by the governments that have affected manufacturing and hauled consumer demand for semiconductor devices. Moreover, small and medium scale companies are struggling to sustain in the market.