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Semiconductor Demand Boosts Extreme Ultraviolet Lithography Market with Key Players: ASML Holding N.V., Nikon Corporation, Canon Inc
Extreme Ultraviolet Lithography Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the extreme ultraviolet lithography industry. This report on extreme ultraviolet lithography market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The extreme ultraviolet lithography market size has grown exponentially in recent years. It will grow from $4.06 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 23.2%. The growth in the historic period can be attributed to increased semiconductor device complexity and miniaturization, demand for higher resolution and reduced line widths in semiconductor manufacturing, r&d investments in semiconductor fabrication technologies, transition to advanced nodes in semiconductor manufacturing (e.g., 7nm, 5nm, 3nm), need for enhanced productivity and yield in semiconductor fabs. The extreme ultraviolet lithography market size is expected to see exponential growth in the next few years. It will grow to $11.69 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%.
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Key Market Players:
ASML Holding N.V., Nikon Corporation, Canon Inc., Intel Corporation., Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited (TSMC) are prominent players in the extreme ultraviolet lithography industry.
Market Drivers:
According to the Extreme Ultraviolet Lithography Market Report 2023 by The Business Research Company, the key factors driving the growth of the extreme ultraviolet lithography market, includes the growing demand for semiconductor industries. The semiconductor industry refers to the sector of the economy that is primarily involved in the design, development, manufacturing, and distribution of semiconductor devices, also known as integrated circuits or microchips. Extreme ultraviolet lithography is used in the semiconductor industry to enable the production of smaller, more powerful, and energy-efficient chips and improve the performance of semiconductors. For instance, in February 2023, according to reports published by Semiconductor Industry Association, a US-based semiconductor industry company, global semiconductor sales totalled $574.1 billion in 2022, the highest-ever annual total and an increase of 3.3% compared to the 2021 total of $555.9 billion. Therefore, the growing demand for semiconductor industries is driving the growth of the extreme ultraviolet lithography market.
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Market segments for extreme ultraviolet lithography include:
1) By Equipment: Light Source, Mirrors, Mask, Other Equipments
2) By Light Source: Laser-produced Plasma, Gas Discharge, Vacuum Sparks
3) By End User: Integrated Device Manufacturers (IDM), Foundry, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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