Lithography Equipment Market Size to Observe Steady Growth in the Near Future
Movement toward New Innovations in Lithography Entails New Challenges & Opportunities
Following expansion of electronic device industry, demand for semiconductor IC for application in different areas such as sensor devices, memory devices, communication, and consumer electronic devices has witnessed a tremendous surge. This has further created the need for cost-efficient and effective printing equipment of IC production such as lithographic equipment. In addition, proliferated adoption of compact electronics and large panel displays has further led toward demand for KrF and ArF lithographic equipment. The movement toward new innovations in Lithography, which include 450mm wafers and EUV technology, has entailed new challenges as well as opportunities. With the evolution of the semiconductor and electronics industry, companies are seeking improvements that would have the potential to realize future technology. Manufacturers of lithographic equipment are focusing on gaining more experience and expertise for effective fabrication of the new innovative chips.
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However, digital printing has been consistently gaining ground on the lithographic equipment market since the recent past, and has closed in at a point wherein it is on the brim of dominating the IC production. On the other hand, higher cost per sheet of digital printing compared to that of lithography equipment will remain a major factor hindering adoption of digital printing technology for semiconductor IC fabrication.global lithography equipment market
According to Transparency Market Research, a splendid expansion at over 15% CAGR will be reflected by the global lithography equipment market during the period 2017 to 2026. Approximately US$ 640 Mn revenues are forecast to be gained from sales of lithographic equipment across the globe by 2026-end.
APEJ to be Most Lucrative Market for Lithography Equipment
With the presence of a large number of leading lithographic equipment manufacturers, along with rapid rise of the semiconductor industry in Asia-Pacific excluding Japan (APEJ) have made the region to be most lucrative for the lithographic equipment market. In addition, revenues from lithographic equipment sales in APEJ will increase at the highest CAGR through 2026, followed by those in Japan. Proliferation in adoption of smartphones, in parallel with a constant rise in demand for compact electronic devices are further likely to contribute the market growth in these two regions.
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North America will also contribute significantly to the market growth, in terms of revenues. This can be highly attributed to surging demand for advanced ICs in the region for making innovations in products. Robust expansion of consumer electronics sector in North America will also underpin expansion of the lithography equipment in the region.
Key Research Findings from TMR’s Report
Mask aligner and laser direct imaging will prevail as dominant technologies in the global lithography equipment market
3D WLP will continue to be the most lucrative packaging platform for lithography equipment
Lithography equipment will find the largest application in advanced packaging during 2017 to 2026
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The global market for lithographic equipment has been densely marked with the occupancy of prominent vendors, who hold majority share of the market. These vendors are continuously working on developing innovations in the equipment for reducing the cost per function and improving the profit margins of IC manufacturers. Key players actively underpinning expansion of the lithographic equipment market include Ultratech, SUSS, Cannon, Nikon, SMEE, Rudolph, EVG, ASML, ORC, USHIO, Orbotech, and Screen.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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