According to a research report "Photolithography Equipment Market with COVID-19 impact by Type (EUV, DUV), Light Source (Mercury Lamps, Excimer Lasers, Fluorine Lasers, Laser-Produced Plasma), Wavelength, End User and Geography - Global Forecast to 2025", published by MarketsandMarkets, the photolithography equipment market was valued at USD 11.6 billion in 2020 and is projected to reach USD 18.0 billion by 2025; it is expected to grow at a CAGR of 9.1% from 2020 to 2025.
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The growth of the photolithography equipment market is primarily propelled by two key factors: the emergence of advanced semiconductor manufacturing technologies and the heightened governmental backing for implementing these advancements. Market leaders are prioritizing research and development efforts and introducing novel technologies to enhance the photolithography process utilized in semiconductor device production.
EUV is expected to boost the photolithography market between 2020 and 2025
The adoption of EUV photolithography equipment reduces the requirement of re-engineering each new process, thereby enabling 7 nm and 5 nm processes (and their successors) to share design rules. This approach is expected to significantly reduce the transition time of new geometries, thereby resulting in new options and opportunities for customers in the marketplace.
Top three points that a CEO should focus on in the photolithography equipment market:
Technological Advancements: Keep a keen eye on the latest technological advancements in photolithography equipment, particularly emerging trends like EUV lithography. Understanding and harnessing these advancements can give your company a competitive edge and enable you to meet the evolving needs of customers.
Market Growth Opportunities: Identify and capitalize on high-growth opportunities within the market, with a particular emphasis on regions with strong growth potential, such as the Asia-Pacific (APAC) region. Expanding operations or establishing partnerships in these areas can drive business growth and establish a strong market presence.
R&D and Innovation: Invest in research and development activities to foster innovation in photolithography equipment. By prioritizing R&D, your company can continuously improve product offerings, develop cutting-edge solutions, and stay at the forefront of technological advancements.
Laser-produced plasma expected to lead the photolithography equipment market by 2025
Laser-produced plasmas are preferred in newly introduced EUV photolithography equipment. They offer highly improved wavelengths of up to 1 nm. These plasmas act as cold UV sources and offer monochromic light with a bandwidth of 10 nm. The LED used in EUV photolithography equipment is of low cost, requires less power, and has a longer lifespan than other light sources.
Foundries held the largest market share of photolithography equipment market in 2020
Growing investments in wireless technologies such as 5G have opened new opportunities for smartphone OEMs to tap the potential of low-latency augmented reality (AR), virtual reality (VR), and live video streaming applications. This is leading to the development of high-performance and multifunctional ICs. As transistor density increases in ICs, the demand for photolithography equipment for manufacturing these high-density ICs is also growing.
APAC to hold the largest market share of photolithography equipment market in 2020
From 2020 to 2025, the APAC region is anticipated to witness the most significant compound annual growth rate (CAGR) in the photolithography equipment market. Notably, countries including China, Taiwan, Japan, and South Korea host numerous semiconductor foundries. Among these, China, Taiwan, and South Korea are expected to lead in terms of semiconductor spending in 2021. The substantial investments directed towards the advancement of foundries and memories in China are poised to position the country as a prominent player in the global photolithography equipment market throughout the forecast period.
The photolithography equipment market is a concentrated one, with the top 3 players ASML (Netherlands), Canon (Japan), and Nikon (Japan)—accounting for a share of ~98% of the market in 2019. ASML (Netherlands) is projected to have a monopoly in the market in terms of the supply of EUV photolithography equipment during the forecast year. Advanced processes, such as 4 nm/3 nm, are expected to be introduced in the market in 2021 and 2022, thereby fueling the demand for EUV photolithography equipment offered by ASML (Netherlands).
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