With Disco Corp. holding more than half of the global market for thin wafer processing and dicing equipment, the competitive landscape of this market is highly consolidated, finds Transparency Market Research (TMR). The company accounted for a share of 56.4% in 2015 and is likely to grow substantially over the next few years, creating a monopoly in this market.

As per the report’s estimations, the global thin wafer processing and dicing equipment market, which was valued US$388.9 mn in 2015, is expected to rise at a CAGR of 6.80% during the period from 2016 to 2024 and increase to US$692.5 mn by the end of the forecast period.

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Upswing in Application of Thin Wafer Processing and Dicing Equipment to Ensure Dominance of Asia Pacific

The report considers North America, the Middle East and Africa, Europe, Latin America, Asia Pacific as the key regional markets for thin wafer processing and dicing equipment and presents a comparative analysis of these markets. According to it, in 2015, Asia Pacific led the global market with a share of 64.2%. Researchers anticipate the regional market to remain dominant over the period of the forecast.

The North America thin wafer processing and dicing equipment market, among others, is predicted to experience a significant rise in its valuation over the forecast period. The technological advancements in consumer electronic devices and the development of state-of-art smart home devices and wearables are likely to stimulate the demand for small integrated circuits, which, consequently is projected to boost the demand for thin wafer processing and dicing equipment in this region over the forthcoming years, notes the study.

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Increasing Uptake of Thin Wafers to Drive Market’s Growth

“The increasing demand for portable communication devices, such as memory cards, smartphones, smart card, and various computing devices is having a significant impact on the global market for thin wafer processing and dicing equipment,” says an analyst at TMR. The surge in the uptake of thin wafers, in a bid to develop technologically advanced smart home devices and wearables, is stimulating the demand for thin wafer processing and dicing equipment across the world, reflecting greatly on this market.

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In addition, the increasing demand for three-dimensional integrated circuit (3D IC) is likely to add significantly to this growth over the forecast period. However, the high cost associated with the purchasing and maintenance of thin wafer processing and dicing equipment may hamper the market’s progress in the near future, states the report.