Ion Beam Technology Market: Increasing Demand for Effective Lithography Procedure to Drive Industry Growth

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The global ion beam technology market is highly consolidated and intensely competed landscape, with the leading four players in the market, namely Canon Anelva Corporation, Hitachi High-Technologies, Scia Systems, and Veeco Instruments, collectively accounting for more than 56% of the overall market share in 2016. Functioning amidst the comparatively high level of competition, players in the market are now concentrating more on product development and innovation and advancements in technology to bolster their market presence. For instance, Zeiss has recently presented a new generation of focused ion beam scanning electron microscope (FIB-SEMs) to be used for high-end applications. The Zeiss’ Crossbeam 550 has seen a considerable rise in resolution for material characterization and imaging along with increased speed in sample preparation.

The players in the market are also indulging into business expansion and strategic partnership which is a result of increased number of tactical takeover experienced in the global market for ion beam technology in the last few years. For instance, in 2016, the California based company, Nano Etch Systems Inc. was taken over by Plasma Therm, a leading developer of ion beam etch (IBE) and ion beam deposition (IBD) systems with a view to enhance their offerings for ion beam equipment.

The global ion beam technology market stood at an overall valuation of US$367.0 mn in 2016. This valuation is expected to reach a figure of US$679.1 mn over the course of the given forecast period of 2017 to 2025. This growth is expected to be achieved at a sturdy CAGR of 7.2% during the same forecast period.

Which Factors Positively Impact Growth of Global Ion Beam Technology Market?

Growing demand for ion beam technology for an effective procedure of lithography from various embedded circuit manufacturers is expected to be one of the chief driving factors for the growth of the global market in the coming years of the forecast period. In addition to this, the increasing demand from across the world for thin films is also projected to drive the growth of the global ion beam technology market. Thinned wafers are extensively used in smart phones and other different customer electronic products, which are rapidly becoming miniaturized.

Equipment for ion beam etching have shown a high potential of usage across a wide range of innovative applications in the area of precision imaging and micromachining. As a result, the ion beam technology is projected to bear an increasingly vital place in the field of high precision fabricating of microstructures or high end micro devices in the coming years and thus positively impacting the overall growth of the global ion beam technology market.

However, there are some factors that may impede the growth of the market in the near future. Some of the chief restraining factors for impeding the growth of the global ion beam technology market can be related to the expensive costs of design and tiresome process of patterning a complete wafer while using the ion beam technology.

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Why Asia Pacific will continue its Dominance in Global Market?

Geographically, the global ion beam technology market is currently dominated by Asia Pacific, accounting for a huge 46.2% of overall market share alone in 2016. The regional market of Asia Pacific is expected to remain dominant over the course of the given forecast period owing to the extensive activities of research and development are being carried out in the field of ion beam technology with an aim to overcome its restrictions.

North America is the second leading regional market in the world and is expected to benefit from the rapid advancements in technology in the area of consumer electronics. The increasing demand for wearable customer electronic devices and smart home devices is expected to boost the development of the regional market.

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Keshab’s deep knowledge of domains such as cloud technology, nanotechnology, connected devices, and virtual reality among others makes him a valuable resource. With incredible experience in writing, he brings noteworthy insights and a fresh perspective on various topics. From current affairs to historical milestones, Keshab is well versed with the news that matters the most. As a contributor he promises to enlighten the readers with information that are unbiased and accurate.

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