The global semiconductor dry etch system market size is expected to reach USD 29.87 billion by 2034, according to a new study by Polaris Market Research. The report “Semiconductor Dry Etch System Market Size, Share, Trends, Industry Analysis Report: By Technique, Application (Consumer Electronics, Automotive, and Telecommunication), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The semiconductor dry etch system market is experiencing significant growth driven by increased investments in the semiconductor industry. As demand for advanced microelectronics increases due to the rising adoption of trends such as 5G, AI, and IoT, manufacturers are increasing production capabilities, which is propelling the demand for semiconductor dry etch systems. Additionally, government initiatives and private funding are fueling research and development, promoting innovation, and enhancing manufacturing processes. Consequently, these factors drive the growth of the semiconductor dry etch system market.
The growing adoption of electric vehicles (EVs) is significantly driving the semiconductor dry etch systems market. As the automotive industry shifts toward electrification, the demand for semiconductors required for EV components such as batteries, power electronics, and advanced driver-assistance systems has increased.
According to the International Energy Agency, electric car sales reached 16 million units in 2023, a dramatic increase from 0.2 million in 2012. In the first quarter of 2024, about 3 million EVs were sold, contributing to a total of 40 million registered electric cars. The rapidly rising electric vehicle sales necessitate semiconductor manufacturers to produce high-performance chips, requiring advanced manufacturing processes such as precise dry etching to create the complex circuitry essential for EV technologies. Thus, as the EV market continues to grow, the demand for efficient and reliable dry etch systems is increasing, propelling the semiconductor dry etch systems market growth.
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The semiconductor dry etch system market is growing due to increased investments in manufacturing, highlighted by India's Semicon India Program, which allocated investment of ∼USD 9.2 billion for semiconductor manufacturing. These initiatives boost local production and technological advancements, driving demand for advanced dry etch systems.
By Technique Outlook (Revenue – USD Billion, 2020–2034)
By Application (Revenue – USD Billion, 2020–2034)
By Regional Outlook (Revenue – USD Billion, 2020–2034)
Report Attributes |
Details |
Market Size Value in 2024 |
USD 16.62 billion |
Market Size Value in 2025 |
USD 17.62 billion |
Revenue Forecast by 2034 |
USD 29.87 billion |
CAGR |
6.0% from 2025 to 2034 |
Base Year |
2024 |
Historical Data |
2020–2023 |
Forecast Period |
2025–2034 |
Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
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Regional Scope |
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Competitive Landscape |
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Report End User |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |