Photolithography Market Size, Status, Growth | Industry Analysis Report 2020-2027
Market Analysis
The photolithography market size is predicted to touch USD 9.80 billion at a 4.26% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Photolithography Marker Drivers/Photolithography Market Trends
Growing Adoption to Develop Nanites to Boost Market Growth
The growing adoption of photolithography to develop nanites and microscopic computer systems may boost market growth over the forecast period.
Opportunities
Manufacturers’ Inclination toward Miniaturization to Offer Robust Opportunities
The manufacturers’ inclination toward miniaturization for promoting the adoption of portable device will offer robust opportunities for the Photolithography Market over the forecast period.
Restraints and Challenges
High Operational Cost to act as Market Restraint
The high operational and maintenance cost of equipment, limitations of the process for curved surfaces, functional defects in equipment, feature pattern complexity during manufacturing process, and lack of technical expertise to operate EUV photolithography equipment may act as market restraints over the forecast period.
Get Premium Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/8463
Market Segmentation
The global photolithography market is segmented based on process and application.
By process, the EUV segment will lead the market over the forecast period as the microprocessors developed using this process are powerful, advanced, and highly efficient. Advances in AI, IoT, and 5G are also boosting the demand for EUV photolithography.
By application, the back-end segment will dominate the market over the forecast period for high demand for efficient and advanced integrated circuits.
COVID-19 Analysis
The emergence of COVID-19 has declined the growth of the photolithography equipment market in 2020, and is likely to recover by the end of 2021. The implementation of complete or partial lockdown across various countries worldwide is the key reason for the fall in the growth rate. Lockdown in different countries has disrupted the worldwide supply chain that in turn, has reduced the need for various consumer electronics. Besides, the reduction in demand for wafer has negatively impacted the demand for photolithography equipment during the pandemic.
Key Players
Eminent players profiled in the global photolithography market report include Samsung Electronics (South Korea), Carl Zeiss AG (Germany), ASML Holding NV (Netherlands), Applied Materials, Inc. (US), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), JEOL Ltd (Japan), Rudolph Technologies, Inc. (US), NIL TECHNOLOGY (Denmark), Shanghai Micro Electronics Equipment (Group) Co., Ltd. (SMEE) (China), and EV Group (EVG) (Austria). Apart from the aforementioned players, the others include Veeco Instruments Inc. (US), SÜSS MICROTEC SE (Germany), NuFlare Technology Inc. (Japan), Tokyo Electron Limited (Japan), Vistec Electron Beam GmbH (Germany), Omega Optical, Inc. (US), Nikon Corporation (Japan), and Canon Inc. (Japan).
Regional Analysis
APAC to Spearhead Photolithography Market
The APAC region will spearhead the market over the forecast period. The presence of several wafer fabrication facilities and semiconductor equipment manufacturers like Taiwan Semiconductor Manufacturing Company Limited, Shanghai Micro Electronics Equipment (Group) Co., Ltd, and Tokyo Electron Limited, the adoption of miniaturization techniques to develop portable electronic devices, the presence of several semiconductor foundries in South Korea, Japan, Taiwan, and China, increasing investments for the development of foundries and memories in China, the availability of several power stations for high voltage power, exponential rise in population, and the increasing need for power modules are adding to the global photolithography market share in the region. South Korea, Taiwan, and China have the utmost market share.
Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/reports/photolithography-market-8463
About Us:
Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.
MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com