Photolithography Equipment Market to Grow at 10.75% CAGR until 2026 – TechSci Research

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 through 110 Pages and an 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.

TechSci Research “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.

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