EUV Lithography Market Forecast: Rising at a 21.5% CAGR between 2022 and 2029, Reaching US$ 22,978.6 Million

The EUV lithography market is poised for substantial growth, driven by the relentless miniaturization of integrated circuits and microchips, amplified wafer production demands, and the steady expansion of the semiconductor industry. As technology continues to push the boundaries of performance and efficiency, the adoption of EUV lithography is becoming increasingly crucial to achieve the finer resolution required for advanced semiconductor manufacturing processes.

The EUV lithography market is a segment of the semiconductor industry that focuses on the production and adoption of EUV lithography systems for advanced chip manufacturing. EUV lithography is a cutting-edge technology used to create intricate patterns on silicon wafers, enabling the production of smaller, faster, and more powerful semiconductors.

By the end of 2021, it was estimated that global EUV Lithography sales would be worth US$ 4,648.6 million. By 2029, the market is anticipated to grow at a 21.5% CAGR to reach a value of US$ 22,978.6 Million. Extreme ultraviolet, or EUV, is a term used to describe the wavelength of light. One of the major factors accelerating the market adoption of this technology is the development of more advanced lithographic systems.

The adoption of EUV lithography in chip manufacturing is expected to increase due to the miniaturisation of integrated circuits and microchips, increased wafer production, and steady growth of the semiconductor industry.The market for EUV lithography is predicted to grow at an astounding CAGR of 21.5% between 2022 and 2029.

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Key Takeaways:

• Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.

• Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.

• Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.

• Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.

• Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

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EUV Lithography Market - A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

Know More About Report Inclusions

Future Market Insights' new market research report on the EUV lithography market includes global industry analysis for 2014-2021 and opportunity assessment for 2022-2029. The report details EUV lithography market demand by end use across three different regions, Americas, EMEA, and Asia Pacific.

The research report also offers global consumer electronics demand trend, impact of wide-scale 5G technology and IoT adoption, wafer production trends, installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.

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Global EUV Lithography Market by CategoryBy End Use :

• Integrated Device Manufacturer (IDM)
• Foundry
• Memory

By Region :
• Americas
• EMEA
• Asia Pacific

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This release was published on openPR.