The Photolithography Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Photolithography Equipment Global Market Report 2024, The photolithography equipment market size has grown rapidly in recent years. It will grow from $11.42 billion in 2023 to $12.61 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to growth in semiconductor industry, resolution enhancement techniques, integrated circuit (ic) evolution, demand for high-speed computing, materials science advances.
The photolithography equipment market size is expected to see strong growth in the next few years. It will grow to $18.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to growing 5g technology, quantum computing, rise of iot devices, more efficient energy storage, flexible electronics. Major trends in the forecast period include wafer-level packaging, maskless lithography, 3d semiconductor stacking, directed self-assembly (dsa), extreme ultraviolet (euv) lithography.
An increase in the demand for the Internet of Things (IoTs) is expected to propel the growth of the photolithography equipment market going forward. The Internet of Things (IoT) refers to a networked system of connected computers, mechanical and digital equipment, objects, animals, or people with unique identifiers (UIDs) and the ability to transfer data without human-to-human or human-to-computer contact. Manufacturers can achieve real-time monitoring and control, predictive maintenance, and data-driven optimization by incorporating IoT technology into photolithography equipment. This allows for better process management, decreased downtime, and enhanced overall equipment performance. For instance, in September 2022, according to a report published by the Global Mobile Supplier Association, a UK-based not-for-profit industry organization representing suppliers in the mobile communication industry, nearly 60% of cellular IoT connections are expected to be broadband IoT by the end of 2028, with 4G connecting the majority. Globally, there were 13.2 billion IoT connections in 2022, increasing to 34.7 billion connections predicted by 2028, indicating an 18% growth rate. Therefore, the increase in the demand for the Internet of Things (IoTs) will drive the photolithography equipment market.
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The photolithography equipment market covered in this report is segmented –
1) By Process: Deep Ultraviolet (DUV), Extreme Ultraviolet (EUV), I-line, Krypton Fluoride (KrF), Argon Fluoride (ArF) Dry, Other Processes
2) By Wavelength: 370 nm–270 nm, 270 nm–170 nm, 70 nm–1 nm
3) By Light Source: Mercury Lamps, Fluorine Lasers, Excimer Lasers, Lased-Produced Plasma
4) By Application: Front-End, Back-End
5) By End-User: Integrated Device Manufacturer (IDM), Foundries
Major companies in the photolithography equipment market are focused on developing cutting-edge systems, such as immersion lithography systems, to address challenges in 3D semiconductor manufacturing and gain a competitive edge in the market. An immersion lithography system is a semiconductor manufacturing tool where a liquid, typically water, is used as an optical medium between the projection lens and the wafer during exposure. For instance, in December 2023, Nikon Corporation, a Japan-based manufacturer and distributor of optical instruments, launched the NSR-S636E ArF immersion scanner, a cutting-edge immersion lithography system designed for critical layers in semiconductor manufacturing. This scanner offers superior overlay accuracy and ultra-high throughput, making it ideal for diverse structures, including 3D semiconductor devices. With an enhanced inline Alignment Station (iAS) for advanced wafer measurement and correction capabilities, it addresses challenges in 3D semiconductor manufacturing, ensuring high precision and improved overlay performance without compromising productivity.
The photolithography equipment market report table of contents includes:
1. Executive Summary
2. Photolithography Equipment Market Characteristics
3. Photolithography Equipment Market Trends And Strategies
4. Photolithography Equipment Market – Macro Economic Scenario
5. Global Photolithography Equipment Market Size and Growth
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26. South America Photolithography Equipment Market
27. Brazil Photolithography Equipment Market
28. Middle East Photolithography Equipment Market
29. Africa Photolithography Equipment Market
30. Photolithography Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
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