Photolithography Equipment Market - Opportunities and Forecast 2020-2027

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Photolithography Equipment Market
In terms of revenue, the photolithography
equipment market is growing gradually, and is
projected to sustain in the coming years. This is
attributed to rapid penetration of Internet of
Things (IoT) devices and consumer electronics
worldwide.
Ruchal HumbareLead Analyst, Semiconductor and
Electronics
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Photolithography Equipment Market
According to a new report published by Allied
Market Research, titled, Photolithography
Equipment Market by Process, Application, and
Light Source Opportunity Analysis and Industry
Forecast, 20192027, the photolithography
equipment industry size was valued at 8.04
million in 2019, and is projected to reach at
11.64 million by 2027, growing at a CAGR of 4.7
from 2019 to 2027. Asia-Pacific is expected to be
the leading contributor to the global market,
followed by North America and Europe. The
fast-paced evolution of photolithography is a key
enabler for the remarkable size reduction of
semiconductor devices and circuits over last few
decades. Various methods have been developed to
pattern the devices at smaller dimensions than
the wavelength used in the process. Moreover, the
patterning wavelength itself has reduced, and is
expected to reduce further in the near future.
This reduction of wavelength has developed
alternative light sources that enhance the
photolithography processs performance. Thus,
photolithography is anticipated to an evolving
technology.
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Photolithography Equipment Market
The back-end segment dominated with over 60
share in 2019. The back-end segment dominated
with over 60 share in 2019. However, increase in
number of innovations in the front-end segment,
is expected to impact the rate of growth of
back-end segment during the forecast period. On
the contrary, the introduction of mask-less
exposure photolithography is anticipated to boost
the growth of the back-end photolithography. The
mask-less exposure method produces patterns with
desired speed, resolution, and flexibility
without affecting performance or cost. Thus,
back-end segment is estimated to retain its
prominence in the photolithography equipment
market during the forecast period. The demand
for photolithography equipment is expected to
increase rapidly during the forecast period,
owing to high demand for miniaturized electronic
devices, rapid growth in semiconductor industry,
and increase in trend of Internet of Things
(IoT). However, limitation of photolithography
process for curved surfaces is anticipated to
hamper the market growth. On the contrary,
increase in investments to develop semiconductor
fabrication facilities and upsurge in need for
advanced consumer goods, which fuels the demand
for more wafer production, are expected to
provide lucrative growth opportunities to the
photolithography equipment market
players. Geographically, the photolithography
equipment market trends have been analyzed across
North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific accounted for a major share of the
global market in 2019, and is expected to
dominate the market in terms of revenue during
the forecast period, owing to increase in
investments in research development associated
with semiconductor industry.
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Photolithography Equipment Market

• Key Findings Of The Study
• In 2019, the ultraviolet segment accounted for
  the maximum revenue, and is projected to grow at
  a notable CAGR of 3.6 during the forecast
  period.
• The ultraviolet and deep ultraviolet segment
  together accounted for around 85.0 of the
  photolithography equipment market share in 2019.
• The back-end segment contributed a major share of
  63.0 in global photolithography equipment market
  during 2019.
• South Korea was the major shareholder in the
  Asia-Pacific photolithography equipment market,
  accounting for more than 30.0 share in 2019.

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Photolithography Equipment Market

• Major Companies
• ASML Holding N.V.
• Canon Inc.
• Nikon Corporation
• SÜSS MICROTEC SE
• Holmarc Opto-Mechatronics (P) Ltd.
• Taiwan Semiconductor Manufacturing Company
  Limited (TSMC)
• KLA Corporation
• S-Cubed Company
• Osiris International GmbH
• Vecco Instruments Inc

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Photolithography Equipment Market
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