Laser Photomask Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Applied Materials Inc and Hoya Corporation are Key Players.

The prime factors propelling the laser photomask market growth are the continuous technological developments in products like cutting-edge computing equipment, the growth of the robotic semiconductor industry, the increasing need for small, highly integrated electronic devices, and the increasing use of laser photomasks in the automotive industry.

The laser photomask market is set to expand at a robust pace during the forecast period.

The laser photomask is used to transfer circuit designs onto wafers with high precision when making integrated circuits (ICs). Reticles and masters are the two types of laser photomasks, and the semiconductor industry primarily uses reticle laser photomasks to create microchips for computers, phones, and TVs. Demand for laser photomasks has significantly increased due to increases in consumer electronics sales. In 2021, it was estimated by the National Retail Federation (NRF) that retail sales of consumer electronics in the US would increase by 7.5% to $461 billion. In 2020, Consumer Technology Association (CTA) projected that the consumer technology market would increase to $63 billion, and smart home technology would play a significant role in advancing laser photomasks. The manufacturing of printed circuit boards (PCBs) for electronic control units (ECUs) and other automotive electronics typically involves using a laser photomask. In the automotive industry, technology such as autonomous driving, electric powertrains, and connected vehicles has continued to increase the demand for semiconductor devices. As a result, laser photomasks are becoming increasingly important in semiconductor manufacturing. The demand for laser photomasks grows with the expansion of the automotive sector. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that between 2022 and 2021, global passenger car manufacturing increased by more than 26%. In October 2021, to meet the rising demand for premium photomasks, Taiwanese manufacturer Toppan Photomasks announced installing a new production line for sophisticated photomasks.

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The Laser Photomask Market has been segmented into type, application, and geography.
By region, Asia Pacific is expected to retain a considerable market share as most laser photomasks manufacturers are based in Taiwan, South Korea, and China. The governments have also implemented policy changes to aid in expanding the semiconductor industry. In February 2021, the South Korean government launched a KRW 510 trillion (US$450 billion) investment plan for research and development, infrastructure, and incentives for companies to invest in the semiconductor industry. According to the Semiconductor Industry Association (SIA), in 2021, Taiwan, China, South Korea, and Japan accounted for 75% of the global potential for semiconductor manufacturing. The demand for laser photomasks is correlated with rising semiconductor demand.

Covid-19 had caused a slowdown in global economic activity, leading to a decrease in demand for semiconductor products that use laser photomasks. In addition, the pandemic has disrupted global supply chains, making it difficult for companies to manufacture and deliver laser photomasks. The pandemic has forced many companies to delay their semiconductor manufacturing projects, reducing demand for laser photomasks.

The important players covered in the laser photomasks market are Applied Materials Inc, Compugraphics, HTA Photomask, Hoya Corporation, KLA-Tencor Corporation, LG Innotek Co Ltd, Nippon Filcon Co Ltd, Photronics Inc, and SK-Electronics Co Ltd.

This Laser Photomask Market has been analyzed into the following segments:

• By Type

o Masters
o Reticles

• By Application

o Displays
o Integrated Circuits (ICs)
o MEMS

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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