This market research report includes a detailed segmentation of the global semiconductor photolithography equipment market by product category (advanced packaging, MEMS devices, and LED devices) and by geography (Americas, APAC, and EMEA). The top vendors analyzed in this market research are Applied Materials, ASML, SUSS Microtec, and Tokyo Electron.
Technavio has released a new market research report on the global semiconductor photolithography equipment market, which is expected to grow at a CAGR of 8% between 2016 and 2020. The augmented demand for high-definition, mid-, and small-sized LED panels, which are used to manufacture ultra-high definition (UHD) TVs, is expected to bolster market growth during the forecast period. APAC accounts for 72% of the global semiconductor photolithography equipment market, owing to the presence of prominent semiconductor manufacturers in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the semiconductor industry is witnessing technology changeover due to the minimised node sizes, which is affecting the lithography process. Owing to such changes, the industry has adopted high-resolution techniques, which has increased the cost of lithography. For instance, double-patterning technique increases the litho cost per function and thus the overall cost of patterning. The cost of lithography by EUV lithography is 35% higher than the cost of lithography by ArF immersion lithography,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
The shorter replacement cycle of mobile devices is the key driver for the growth of this market. Recently, it has been observed that electronic devices, such as mobile and consumer devices, are becoming obsolete at a rapid pace. This increase in the demand for smartphones is expected to augment the demand for semiconductor ICs, which in turn will bolster the need for photolithography systems.
The major players in the global semiconductor photolithography equipment market are Applied Materials, ASML, SUSS Microtec, and Tokyo Electron. This market is highly consolidated due to the presence of prominent vendors like Applied Materials and ASML. The players in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion to gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global Semiconductor Photolithography Equipment Market 2016-2020.
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