The latest research study by IMARC Group, “Photolithography Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20
The latest research study by IMARC Group, “Photolithography Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global photolithography equipment market growth. The global photolithography equipment market reached a value of US$ 12.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 21.2 Billion by 2027, exhibiting a CAGR of 9.10% during 2022-2027.
Photolithography Equipment Industry Outlook:
Photolithography is a method of transferring geometric patterns to a film and substrate in microfabrication. It relies on a single ray of ultraviolet (UV) light to create a pattern into integrated circuits (ICs) and controls the precise size and shape of a substrate. It includes a variety of techniques for transferring circuit patterns to printed circuit boards, such as photolithography, nanolithography, and stereolithography. Nowadays, the utilization of photolithography equipment in miniaturized electronic devices has increased significantly.
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The market is primarily driven by technological advancements in the semiconductor industry. In addition, the surging demand for 5G-enabled devices for improving connectivity and expanding 5G infrastructure and data center facilities represent another major growth-inducing factor.
Besides this, the rising demand for semiconductor Integrated circuits (ICs) in consumer electronic devices, sensor and medical devices, automobiles, aircraft, smart appliances, military, and defense equipment is also contributing to the market growth. Moreover, increasing penetration of the internet of things (IoT) due to the escalating demand for connected devices, such as smart meters, smart cars, and machine-to-machine (M2M) communications, has escalated the product demand.
Furthermore, extensive investments by manufacturers in research and development (R&D) activities to improve the photolithography process and increase accuracy and production capacity while reducing overall manufacturing costs are creating a favorable market outlook.
|Photolithography Equipment Market Report Scope|
|Market size value in 2021||US$ 12.3 Billion|
|Market forecast in 2027||US$ 21.2 Billion|
|Growth Rate||CAGR of 9.10% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Process, Wavelength, Device Wavelength, Application, End Use and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Process:
- Ultraviolet (UV)
- Deep Ultraviolet (DUV)
- Extreme Ultraviolet (EUV)
Breakup by Wavelength:
- 70 nm–1 nm
- 270 nm–170 nm
- 370 nm–270 nm
Breakup by Device Wavelength:
- Laser Produced Plasmas
- Excimer Lasers
- Mercury Lamps
Breakup by Application:
Breakup by End Use:
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are ASML Holding N.V., Canon Inc., Eulitha AG, EV Group, Holmarc Opto-Mechatronics Ltd., microfab Service GmbH, Neutronix Quintel, Nikon Corporation, NuFlare Technology Inc. (Toshiba Electronic Devices & Storage Corporation), Orthogonal Inc., Osiris International GmbH and S-Cubed Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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