Semiconductor Stepper Systems Market Driving Innovation to Reach $45 billion by 2031 | At a CAGR of 9.5%

Prime determinants of growth

Rise in demand for semiconductor stepper systems from end use industries such as automotive, medical, robotics, communication, consumer electronics, and others drive the growth of the global semiconductor stepper systems market. Furthermore, the gradual increasing adoption of AI-enabled chips connected devices across the globe is anticipated to positively affect the semiconductor stepper systems market growth.

Moreover, major businesses in the semiconductor stepper systems market offer a wide range of products, to meet customers' needs. They constantly innovate their offerings and expand their business by employing development strategies such as business expansion, product launch, and collaboration, which is presenting new opportunities in the coming years.

The micro-electro-mechanical system (MEMS) segment under the application registered a higher revenue in 2021, owing to its wide-scale adoption. In addition, the market is analyzed between the OEMs, and aftermarket businesses of semiconductor stepper systems. The market is mainly driven by the growing market for semiconductor manufacturing, an increase in technological innovation in the electronics industry, and the rising adoption of steppers in the photolithography process.

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The Semiconductor Stepper Systems Market Size was valued at $18.2 billion in 2021, and is estimated to reach $45 billion by 2031, growing at a CAGR of 9.5% from 2022 to 2031.

Industry Statics:
various businesses in the semiconductor stepper systems market had to stop their business in countries such as Canada, the U.S., China, and countries in Europe, during the pandemic lockdown. This break directly impacted the sales of companies involved in semiconductor stepper systems manufacturing. In addition, the lack of manpower and raw materials constricted the supply of raw materials for manufacturing various semiconductor stepper systems equipment; and negatively influenced the growth of the market for a short period.

In addition, the shortage of raw materials also LED to the global shortage of semiconductors. However, after two years of the COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly. In addition, the global shortage of semiconductors caused by COVID-19 has forced countries across the world to develop their domestic semiconductor industry. This is expected to increase the semiconductor stepper systems market growth.

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The Deep ultraviolet (DUV) segment to maintain its leadership status throughout the forecast period

Based on product type, the Deep ultraviolet (DUV) segment held the highest market share in 2021, accounting for more than four-fifths of the global semiconductor stepper systems market, and is estimated to maintain its leadership status throughout the forecast period. It is extensively used for the production of chips with node sizes of 90, 65, 45, and 28 nanometers, making it ideal for the production of chips where extremely small node size is not an essential requirement.

However, the Extreme ultraviolet (EUV) segment is projected to manifest the highest CAGR of 10.3% from 2022 to 2031. EUV is a relatively recent development in the semiconductor manufacturing industry. It can easily suffice the requirements for high volume manufacturing (HVM) of chips to the 7nm scale and even lower. EUV is considered to be a highly strategic machine to achieve dominance in the semiconductor manufacturing industry.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than four-fifths of the global semiconductor stepper systems market, and is likely to dominate the market during the forecast period. This region is expected to witness the fastest CAGR of 9.8% from 2022 to 2031. The high concentration of semiconductor manufacturers is expected to drive the demand for semiconductor stepper systems in Asia-Pacific.

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Top Players:

Canon Inc.,
JEOL Ltd.,
SUSS MicroTec SE,
S-Cubed,
Veeco Instruments Inc.,
Carl Zeiss AG,
ASML Holdings N.V.
Nikon Corporation
Onto Innovation, Inc
Vistec Electron Beam GmbH

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