Photomask Market Forecast, Future Industry, Trends 2029

Market Overview
The Global Photomask Market is expected to grow at a CAGR of 3.9% during the forecast period (2022-2029)

A photomask is an opaque plate with holes or transparencies that allow light to shine through in a defined pattern. They are commonly used in photolithography. It is a tool used for productions of components including electronic devices (semiconductors), displays, PCB, MEMS. It is a master copy for the patterning. Photolithography is used to form PCB circuits and display patterns. Photomasks are used to transfer the patterns on the baseplates. A photomask acts just like a negative film in photography, and that makes the baseplates printing paper. Electronic devices, transistors, memories, display devices like LCD, OLED, MEMS, Magnetic heads for hard disks, and, heads for inkjet printers are the various applications for the Photomask market.

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Market Dynamics
Increasing the use of electronic devices is the major driving factor for the growth of the market worldwide. Increasing no of internet users and rise in the usage of electronic devices are the vital factors that act as key points for market growth. Along with mobile phones, people own a range of other information devices globally. For instance, nearly three-quarters of U.S. adults now own desktop or laptop computers, while roughly half now own tablet computers and roughly half own e-reader devices. More than 200 million people got their first mobile device in 2017, and two-thirds of the world's 7.6 billion inhabitants now have a mobile phone.

The number of internet users in 2018 is 4.021 billion, up 7 % year-on-year, the number of social media users in 2018 is 3.196 billion, up 13 % year-on-year and the number of mobile phone users in 2018 is 5.135 billion, up 4 % year-on-year. Adding to this, Asian companies have improved manufacturing processes for electronic devices and this made the Asia Pacific as a major hub for the photomask market growth. China, Japan, and the Korean Republic already have developed the electronic industry. Semiconductors are found in all electronic devices. For instance, from 2001 to 2016, the value of electronics exports from Asia jumped from USD 537.3 billion to USD 1,758 billion, the growth rate is 8.2% each year on average.

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Market Segmentation:
By Type
• Reticles
• 1x Masks
• Copy Masks
By Application
• LCD Displays
• Printed Circuit Boards
• Electronic Circuits
• MEMS
• Other Microstructures
By End Use Verticals
• Flat Panel Display industry
• Semiconductor and IC

Competitive Landscape
The Photomask market is competitive with existing players in the market. Some of the major players include Dai Nippon Printing, Hoya Corporation, Taiwan Mask Corporation, Toppan Photomasks, Photronics Inc., Compugraphics, Advance Reproductions Corporation, and Nippon Filcon.
Companies in the Asia Pacific are focusing to acquire the companies in order to extend their market presence.

For instance, In August 2019, U.S.-based GlobalFoundries Inc., the world's third-largest semiconductor foundry announced that it is selling off its photomask business to Japan's Toppan Photomasks Inc.

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