Photolithography Equipment Market To Reach $18.21 Billion By 2030

Photolithography Equipment Market Growth & Trends

The global photolithography equipment market size is anticipated to reach USD 18.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.4% from 2023 to 2030. The ongoing demand for smaller, more powerful, and energy-efficient semiconductor devices drives the need for advanced photolithography equipment. As semiconductor technology evolves, manufacturers require equipment capable of producing smaller feature sizes and higher resolution.

The expansion of cloud computing and data centers leads to an increased demand for high-performance processors and memory chips. This, in turn, drives the need for advanced photolithography equipment to produce the required semiconductors. In addition, the growing use of electronic devices such as smartphones, tablets, IoT devices, and automotive electronics fuels the demand for photolithography equipment as it plays a key role in producing the integrated circuits (ICs) used in these devices.

The development and commercialization of emerging technologies like 5G, artificial intelligence (AI), and autonomous vehicles require specialized semiconductor devices. This development and commercialization necessitates the need for photolithography equipment for manufacturing these advanced components. Thus, the growing adoption of photolithography equipment is anticipated to boost the market demand in the coming years.

Governments and industry organizations often invest in research and development, as well as manufacturing infrastructure, to promote semiconductor manufacturing within their regions. These initiatives can boost the market. Moreover, the constant innovation and upgrades in consumer electronics drive semiconductor manufacturers to invest in cutting-edge photolithography equipment products like OLED displays, and high-performance processors are crucial in this context. Such increasing innovation and investment in the development of advanced semiconductor products is anticipated to fuel the market growth over the forecast period.

The competitive landscape of the market in 2022 was marked by the presence of key industry leaders along with their significant influence. These leaders, including ASML, Shanghai Nikon Precision Machinery Co., Ltd., Canon Optical Equipment (Shanghai) Co., Ltd., Veeco Instruments Inc., Conax Technologies, and TSMC, held substantial market shares, reflecting their strong market positions. To meet the rising demand from diverse industries, corporations are pursuing business growth through strategies such as mergers and acquisitions, the establishment of new manufacturing facilities, and geographic expansion initiatives. For instance, in 2022, ASML Holding NV achieved a significant milestone by launching the HMI eScan 1100, a revolutionary multibeam wafer inspection system. This cutting-edge technology represents the first-ever deployment of such a system and is tailored for in-line applications with a focus on enhancing performance, including tasks like voltage contrast defect inspection and physical defect inspection.

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Photolithography Equipment Market Report Highlights

• In terms of process, the ultraviolet (UV) process segment held a revenue share of 46.5% in 2022. UV photolithography is often more cost-effective for certain semiconductor manufacturing processes, especially for older nodes. EUV lithography equipment and materials can be expensive, making UV lithography an attractive option for cost-conscious manufacturers

• Based on the light source, the mercury lamp segment held a revenue share of 29.4% in 2022. In photolithography equipment, mercury lamps are integrated into the optical system. They provide the light that passes through a photomask and is then focused onto a silicon wafer coated with photoresist

• In terms of wave length, the 70 nm-1 nm wave length segment held a revenue share of 15.2% in 2022. This particular wavelength finds extensive application in the production of negative AND and NAND logic gates, as well as dynamic random access memory (DRAM). It empowers semiconductor manufacturers to efficiently create memory chips at a reduced manufacturing cost

• Based on end-users, the Integrated Device Manufacturer (IDMs) segment held a revenue share of 56.8% in 2022. The primary driving factor for the IDMs end-use is the relentless pursuit of technological advancement and innovation in semiconductor manufacturing

• In a recent announcement from Canon Inc., it was disclosed that they will be launching the FPA-5550iX i-line stepper semiconductor lithography equipment for front-end processes in March 2023. This state-of-the-art equipment features a substantial exposure field measuring 50 x 50 mm and delivers an impressive high resolution of 0.5 square micrometers

Photolithography Equipment Market Segmentation

Grand View Research has segmented the global photolithography equipment market based on process, light source, wave length, end-use, and region:

Photolithography Equipment Process Outlook (Revenue, USD Million, 2018 - 2030)

• Ultraviolet UV

• Deep Ultraviolet (DUV)

• Extreme Ultraviolet (EUV)

• Others

Photolithography Equipment Light Source Outlook (Revenue, USD Million, 2018 - 2030)

• Mercury Lamp

• Fluorine Laser

• Excimer Laser

• Others

Photolithography Equipment Wave Length Outlook (Revenue, USD Million, 2018 - 2030)

• 370nm -270nm

• 270nm - 170nm

• 70nm - 1nm

Photolithography Equipment End-users Outlook (Revenue, USD Million, 2018 - 2030)

• Integrated Device Manufacturers (IDMs)

• Foundries

Photolithography Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• UK

• France

• Spain

• Netherlands

• Italy

• Asia Pacific

• China

• India

• Japan

• South Korea

• Taiwan

• Latin America

• Brazil

• MEA

• Israel

• South Africa

List of Key Players in the Photolithography Equipment Market

• ASML

• Shanghai Nikon Precision Machinery Co., Ltd. 

• Canon Optical Equipment (Shanghai) Co., Ltd. 

• Veeco Instruments Inc.,

• Conax Technologies

• TSMC

• Nikon Corporation

• SUSS Microtec SE

• Holmarc Opto-Mechatronics (P) Ltd

• KLA Corporation