Semiconductor ICP-MS Systems Market Trends

  • Report ID: 6543
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Semiconductor ICP-MS Systems Market Trends

Growth Drivers

  • Increased advancements in ICP-MS systems: These devices are brilliant, easy to use, and small due to advancements in information processing and microelectronics. In recent years, several subsequent developments have been driven by the need for lower detection limits and interference-free determination. These developments are essential to semiconductor manufacturing to meet the growing demands for accuracy and dependability.

    The demand for advanced ICP-MS systems is rising in the semiconductor industry, as these systems offer higher detection limits and reduced interference, allowing manufacturers to ensure higher purity and enhanced performance of their semiconductor products. This is made possible by the technological advancements in high-resolution ICP-MS systems. For instance, in December 2020, the Agilent 7850 ICP-MS System, a new ICP-MS instrument from Agilent Technologies Inc., minimizes common time traps that might interfere with ICP-MS analysis workflows by offering new, smart tools.
  • Growing applications in the automotive industry: Sophisticated features such as stimulation systems, advanced driver assistance systems (ADAS), and autonomous driving are becoming dependent on semiconductor components in modern cars. According to the World Economic Forum, 63.6% of passenger cars registered globally by 2025 should have level 1 partial assistance steering and driving. Due to this increasing dependency, strict quality control procedures are required, such as using cutting-edge ICP-MS systems to guarantee that semiconductor materials are free of impurities. The need for accurate and dependable analytical instruments, such as ICP-MS systems, is growing as automobile manufacturers strive to satisfy the need for increased performance and dependability.
  • Integration of AI and Machine Learning: Artificial intelligence (AI)-powered ICP-MS systems can deliver more dependable and expedient results in the semiconductor industry, where accuracy and productivity are paramount. In addition to addressing the growing complexity of semiconductor materials, this integration boosts system performance and increases market demand for sophisticated analytical tools. By analyzing operational data, AI integration enables predictive maintenance by anticipating issues before they arise. This proactive strategy aids in reducing unplanned downtime and preserving continuous operation, both critical for semiconductor production processes that demand high reliability and throughput.

Challenges

  • Complexity in instrument operation and maintenance: Integrating ICP-MS systems into existing laboratory procedures may be challenging due to their advanced nature. Certain level of expertise is needed for the systems to be configured, calibrated, and operated. Furthermore, the operation of modern ICP-MS systems is made more complex by their sophisticated features, which include high-resolution capabilities and AI integration. In addition to being able to operate the system, users must also be able to understand data and make the most use of the sophisticated functions.
  • Lack of expertise and high costs: Customers of ICP-MS are increasingly looking for equipment that requires less competence. Proficiency is needed to recognize and address potential issues (such as spectral overlaps and matrix effects) as well as develop strategies (which may involve choosing appropriate wavelengths and internal standards).  As a result, high costs and a lack of skilled labor may hinder the market growth.

Semiconductor ICP-MS Systems Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.7%

Base Year Market Size (2024)

USD 190.1 million

Forecast Year Market Size (2037)

USD 329.9 million

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 6543
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of semiconductor ICP-MS systems was over USD 190.1 million.

The market size for semiconductor ICP-MS systems is projected to cross USD 329.9 million by the end of 2037 expanding at a CAGR of 4.7% during the forecast period i.e., between 2025-2037.

The major players in the market are Agilent Technologies, Inc. Thermo Fisher Scientific Inc., PerkinElmer, Inc., Horiba Ltd., SPECTRO Analytical Instruments GmbH, Elemental Scientific, Inc., Nu Instruments Ltd., Eurofins Scientific SE, Intertek Group plc, Skyray Instruments USA, Inc., and others.

The hardware segment is anticipated to garner a share/size of 51.2% during 2025-2037.

The Asia Pacific semiconductor ICP-MS systems sector is poised to hold a 36.2% share by the end of 2037.
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