Market Research Future (MRFR) estimates the global photolithography market size to reach USD 9.80 billion at a CAGR of 4.26% from 2020 to 2027 (forecast period).
The process of transferring geometric patterns on a substrate using optical radiations is referred to as photolithography. It’s also known as optical lithography or ultraviolet (UV) lithography. Wafer cleaning, barrier layer formation, photoresist application, soft baking, mask alignment, exposure and development, and hard-baking are the primary phases in photolithography. This is a difficult technique that necessitates a very clean substrate surface for etching patterns as well as ideal temperature conditions. Photolithography is used to make integrated circuits (ICs), printed electronic boards, nameplates, and printer plates, among other things.
Photolithography has recently been utilized to create nanites as well as microscopic computer systems. The growing demand for consumer electronics has contributed to the expansion of the worldwide Photolithography Market Size. Furthermore, manufacturers’ proclivity toward miniaturization in order to boost the adoption of portable devices has produced a number of opportunities in the worldwide photolithography market. However, the complex manufacturing process, as well as the constantly changing semiconductor sector, may act as a restraint on the worldwide photolithography market’s growth.
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COVID-19 Impact on the Global Photolithography Market
The pandemic has impeded the growth of the global electronics market, with the entire supply chain failing to provide the necessary components and completed goods to meet continuous consumer demand, resulting in a drop in semiconductor sales and, as a result, photolithography component sales. The COVID-19 control lockdowns are constantly changing the dynamics of numerous sectors. The COVID-19 pandemic has put tremendous strain on the worldwide integrated semiconductors sector.
The global impact of the coronavirus outbreak is predicted to have a substantial impact on the performance of the photolithography market in 2020. Because of the pandemic, government officials have been forced to impose limitations such as travel bans, a halt to abroad activity, and the shutdown of industries and production units. Over forty countries have declared a state of emergency, resulting in stock market instability, a major halt in supply chains, and an uncertain future. According to the MRFR study, the photolithography market is expected to acquire traction by the second quarter of 2021, after registering an average growth rate in the first quarter.
The global photolithography market is segmented based on process and application.
By process, the EUV segment will lead the market over the forecast period as the microprocessors developed using this process are powerful, advanced, and highly efficient. Advances in AI, IoT, and 5G are also boosting the demand for EUV photolithography.
By application, the back-end segment will dominate the market over the forecast period for high demand for efficient and advanced integrated circuits.
Eminent players profiled in the global photolithography market report include Samsung Electronics (South Korea), Carl Zeiss AG (Germany), ASML Holding NV (Netherlands), Applied Materials, Inc. (US), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), JEOL Ltd (Japan), Rudolph Technologies, Inc. (US), NIL TECHNOLOGY (Denmark), Shanghai Micro Electronics Equipment (Group) Co., Ltd. (SMEE) (China), and EV Group (EVG) (Austria). Apart from the aforementioned players, the others include Veeco Instruments Inc. (US), SÜSS MICROTEC SE (Germany), NuFlare Technology Inc. (Japan), Tokyo Electron Limited (Japan), Vistec Electron Beam GmbH (Germany), Omega Optical, Inc. (US), Nikon Corporation (Japan), and Canon Inc. (Japan).
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APAC to Spearhead Photolithography Market
The APAC region will spearhead the market over the forecast period. The presence of several wafer fabrication facilities and semiconductor equipment manufacturers like Taiwan Semiconductor Manufacturing Company Limited, Shanghai Micro Electronics Equipment (Group) Co., Ltd, and Tokyo Electron Limited, the adoption of miniaturization techniques to develop portable electronic devices, the presence of several semiconductor foundries in South Korea, Japan, Taiwan, and China, increasing investments for the development of foundries and memories in China, the availability of several power stations for high voltage power, exponential rise in population, and the increasing need for power modules are adding to the global photolithography market share in the region. South Korea, Taiwan, and China have the utmost market share.
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