Photolithography Equipment Market to Grow at 10.75% CAGR until 2026
Rising
digital transformation across sectors, increasing demand for smart appliances,
advancements in automotive and innovations across semiconductor industry is providing
impetus to photolithography equipment market worldwide.
According
to TechSci Research report, “Global Photolithography Equipment Market
By Type (DUV (Deep Ultraviolet) (ArFi, KrF, ArF and I-line), EUV (Extreme
Ultraviolet)), By Wavelength (170nm-270nm, 1nm-170nm, 270nm-370nm), By Device
Wavelength (Excimer Lasers, Lased Produced Plasma, Mercury Lamps), By End-Use
(IDMs (Integrated Device Manufacturers), Foundries), By Application (Back End, Front
End), By Region, Competition, Forecast & Opportunities, 2026”, Global
photolithography equipment market was valued at USD15,459.13 million in 2020
and is projected to grow at a CAGR of around 10.75% during the forecast period,
owing to the mounting demands of IC chips from the semiconductor industry,
budding adoption of digital transformation, high demand from IoT sector, rising
need for miniaturized chips and increased R&D activities for advancements
and innovations of photolithography equipment. Additionally, increased demand
from the semiconductor market and requirement in the IT and automobile sector
is also expected to drive the market. To meet the rising technological demands
across the globe, ASML has been continuously innovating its products and maintained
its leadership in the market. However, high manufacturing and R&D costs,
raw material, maintenance, facilities, and labor charges are the key challenges
faced by the market players.
Browse Photolithography Equipment Market 164 Figures spread
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in-depth TOC on "Global Photolithography Equipment Market"
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The global photolithography
equipment market is segmented based on Type, Wavelength, Device Wavelength, End-Use,
Application, Region, and Company. Based on region, the market can be fragmented
into Asia Pacific, North America, Europe, Middle East & Africa and South
America. Asia Pacific held the highest share of 65.74% in the market in 2020 and
is expected to grow at a significant pace on account of high concentration of
semiconductor manufacturers in the region.
Based on wavelength, the market
can be divided into 1nm-170nm, 170-270nm,270-370nm. The 170nm-270nm segment
dominates the market with a share of 51.67% in 2020, primarily due to its wide
application in EUV as well as DUV segment, offering accuracy and precision.
Based on device wavelength, the
market can be apportioned into Laser Produced Plasma, Mercury Lamps, and Excimer
Lasers. The Excimer Laser segment dominated the market with a share of 51.63%
in 2020.
Based on end-use, the market can
be split up into IDMs, and Foundries. The IDM segment dominated the market with
a share of 51.20% in 2020 as they perform both the functions, design as well as
manufacture the IC chips.
Based on application, the market
can be apportioned into Front-end and Back-end. The Back-end segment dominated
the market with a share of 51.06% in 2020.
ASML Holding NV, Canon, Inc.,
Nikon Corp., EV Group, Global Foundries, Inc., and Eulitha AG are some of the
leading players which are operating in the global photolithography equipment
market. As of 2020, the global photolithography equipment market is
consolidated with ASML taking a centre stage, contributing to the highest share
of 76.07% in the market with its major customers being Samsung, Intel, and
TSMC. ASML has been the key market player for the past 10 years and is expected
to lead the market in the future as well on account of its high reliability and
importer satisfaction. ASML holds monopoly in EUV segment, marking 100% share.
Owing to complete monopoly and increasing innovations such as production
capacity enhancement (20% increase) and precision enhancement (30% more precise
models in 2020) in EUV machines by ASML, the company has increased prices for
EUV machines significantly, which are also augmented by US China trade
face-off. It led to cancelling several orders from ASML to China, hence the
losses incurred were offset by increasing the prices of machines sold in other
countries.
As the U.S. has put EUV
machines on US trade control list, China has started its own R&D for these
machines, but it is unlikely that these machines will be out there in the
market in next 4-5 years.
For the first half of 2021,
ASML sold 16 EUV machines across the globe, with the price point of USD180
million per machine.
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“Global
photolithography equipment market is expected to reach USD28,973.50 million by
2026, growing at a CAGR of 10.75% owing to the rapid technological advancements
and growing demand from the semiconductor manufacturing industry. The
increasing adoption of digital transformation across sectors, rising demand for
smart appliances, burgeoning advancements in automotive and innovations across
semiconductor industry is providing impetus to photolithography equipment
growth across the globe.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Photolithography Equipment Market By Type
(DUV (Deep Ultraviolet) (ArFi, KrF, ArF and I-line), EUV (Extreme
Ultraviolet)), By Wavelength (170nm-270nm, 1nm-170nm, 270nm-370nm), By Device
Wavelength (Excimer Lasers, Lased Produced Plasma, Mercury Lamps), By End-Use
(IDMs (Integrated Device Manufacturers), Foundries), By Application (Back End, Front
End), By Region, Competition, Forecast & Opportunities, 2026”, has evaluated the
future growth potential of the global photolithography equipment market and
provides statistics and information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global photolithography equipment market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]