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Global TFT-LCD Photomask Market Projections Focusing on Regions and Manufacturers, Forecast till 2023
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To be precise, this report stresses on the TFT-LCD Photomask in global market, particularly in North America, Asia-Pacific, Europe, Middle East & Africa and South America. This report classifies the market based on manufacturers, regions, type and application. Considering the increasing promotion of flat-panel TVs, the LCD panel market has shown significant signs of growth substantially during the past ten years. Looking at this trend, the market for photomasks have become larger in response to the expansion of TVs with bigger screens.
Focusing on the geographical market presence, the countries in Asia Pacific are seen as the prime manufacturers of photomask. In addition, the active photomask industry has become more advanced and are mainly established in Japan and Taiwan. For the moment, foreign companies have also come up with advanced equipment, leading technical knowledge and strong R & D capability to aid the overall market for TFT-LCD photomask. However, the manufacturing cost of TFT-LCD photomask is relatively higher as compared to Chinese companies; this fact has motivated Asia Pacific to emerge as a promising market for the concerned product category.
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According to research findings, the worldwide market for TFT-LCD Photomask is likely to grow at 1.6% CAGR over the next five years; at this pace the market is expected to acquire 1040 million US$ by the end of 2023, from a previous mark of 960 million US$ noted in 2017. The prime market leaders examined in this report are Hoya Corporation, SK-Electronics, Dai Nippon Printing Co., Ltd, Toppan Photomasks, Inc, LG Innotek, Photronics (PKL), Taiwan Mask Corporation, Shenzhen Newway Photomask and Shenzhen Qingyi Photomask. The presence of tables and figures is a huge add-on for readers to access elaborate specifics associated to the enclosed data.
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