Market Analysis
The Photolithography Market Analysis 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 Analysis 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.
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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.
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