Photomask Market to Grow at a CAGR of 4.5% to reach US$ 5.9 billion from 2022 to 2027 | Top Countries Data

According to the new research report published by The Insight Partners, titled "Photomask Market was valued at US$ 4.02 billion in 2018 and is projected to reach US$ 5.9 billion by 2027; it is expected to grow at a CAGR of 4.5% during 2019-2027. Photo masking is a process used in the microlithography process for manufacturing of Integrated Circuits (ICs), Micro Electro Mechanical devices (MEMS), semiconductors, PCB and photonic devices. Popularly the photomask is called as the master copy for patterning as it acts like a negative film in photography.

Photomask Market: Competitive Landscape and Key Developments
Many companies are investing in photomask owing to the potential improvements related to the accuracy, operational efficiency, and timely order fulfillment, thereby, helping them to enhance customer retention rates and compete efficiently in the market. Some of the leading photomask market players are Nippon Filcon Co Ltd., Taiwan Mask Corporation, Hoya Group, Photronics Inc., Toppan photomasks, Dai Nippon Printing Co. Ltd., Advance Reproductions, SK-Electronics, Compugraphics, and LG Innotek, among others.

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With the process of photolithography, photomasks transfer the pattern onto the baseplates of circuit boards. The design in a photomask consists of binary pattern that replicates the original design which needs to be imprinted on the baseplate or the circuit board. The binary pattern on the photomask modulates the intensity of light in the lithography process to print the design on the substrate or the silicon wafer being used. The photomask itself is made using a glass substrate or fused silica that is coated with an opaque film.

The short lifecycles of electronic devices, high memory requirements in small storage memory chip sizes are a few factors that are bolstering the market growth for photomasks well as the increasing adoption of those tools in semiconductor manufacturing industries, particularly in developing economies, resulting increase in demand for photomasks.

Photomask Market: Key Insights - Future Trend
Many companies such as Nippon Filcon Co Ltd., Taiwan Mask Corporation, Hoya Group, Photronics Inc., Toppan photomasks among others are investing in photomask owing to the potential improvements related to accuracy, operational efficiency and timely order fulfilment thereby, helping them to enhance customer retention rate and compete efficiently in the market.

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Factors such as the shift in display of mobile devices from LCD to LED and AMOLED along with penetration of IoT concept is increasing the demand for FPD (Flat Panel Display) along with IC photomask as new design requires a new set of photomask.

Photomask Market: Segmental Overview
Additionally application of MEMS systems (Microelectromechanical) in the automotive, consumer electronic and Bio-MEMS industry is also going to generate a strong demand pull for newer set of photomask. Increasing mask complexity is also going to drive more mask layers per set tighter geometries on each layer in the photomask market.

Abundant manpower resource and natural resources make Asia Pacific as one of the most ideal places for setting up manufacturing plants. Being a region dominated by developing countries, technological advancements in Asia Pacific are gradually taking pace with the help of western influence. As a result, the manufacturing plants are seeking for a paradigm shift from traditional methods of operations to achieve better cost and operational efficiencies. The manufacturing sector for consumer electronics, automobiles, textiles, consumer goods etc. are the largest contributors towards the flourish of the sector.

Incorporation of automation in the manufacturing sector is possible only with the help of high power semiconductors and IC chips. In a bid to meet the global demands, the production capacity of the manufacturing plants need to be stepped up and the number of semiconductor devices incorporated in the machines will also increase parallel to this.

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Moreover, Governments in China, India, Japan and Singapore have been supporting in-house manufacturing with programs such as "Make-in-India". Programs of these kinds ensure huge influx of investments into the economy. Investments enable adoption of high-end technologies.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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