Global Photolithography Market – Industry Analysis and Forecast (2020-2027) (Business Opportunities - Home Business)

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Global Photolithography Market – Industry Analysis and Forecast (2020-2027)

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Global Photolithography Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.

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Global Photolithography Market Definition

Photolithography is a process used in microfabrication to transfer geometric patterns to a film, wafer or substrate. It is also known as optical lithography or UV lithography. It uses light to transfer a geometric pattern from a photomask to a photosensitive chemical photoresist on the substrate.
Global Photolithography Market Dynamics

Growing consumer electronics industry across the globe and emergence of advanced electronics products by the global market players are major driving factors behind the growth of market. Growing demand of photolithography for the fabrication of printed circuit board and microprocessor, surge in the production of computer chips, increasing demand of photolithography in integrated circuit (IC) industry and rapidly growing global electronics packaging market are expected to improve the growth of market during forecast period. Photolithography technology provides some benefits such as high sensitivity to light, good adhesion properties, high resolution and it allows 3D encapsulation of cells within hydrogels, which are ultimately propelling the growth of market.

However, high cost of the machines and the need for access to a clean room are major restraining factors that could hamper the growth of market. Also rapidly changing semiconductor industry could hinder the growth of market.
Global Photolithography Market: Segmentation Analysis

By process, extreme ultraviolet (EUV) segment dominated the market in 2019 and is expected to witness fast growth at CAGR of XX% during forecast period. Growing semiconductor industry led to the demand of extreme ultraviolet process for fabrication of electronics components. To fabricate the semiconductor devices, manufacturing companies should expose on every wafer of high cost.

Thus, the EUV process is beneficial for companies as it exposes the critical layer in single step which minimizes the semiconductor devices manufacturing cost. The EUV process uses laser produced plasma lighting source, which reduces maintenance and operational cost. Therefore, manufacturing companies are focusing towards extreme ultraviolet photolithography process, which ultimately propelling the growth of market. Furthermore, microprocessors produced by EUV process are powerful, advanced and highly efficient.

By application, IC patterning process dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during forecast period. The growth is attributed to the wide adoption of photolithography process in integrated circuit industry across the globe. Surge in the demand of photolithography in semiconductor ICs for various applications such as in communication devices, consumer electronic products, and sensor devices and memory devices are driving the growth of market.
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Last Update : Jul 14, 2021 7:31 AM
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2021-12-06 (0.152 sec)