Technavio, a tech-focused market research firm, has published a new report on the global photomask market, which is expected to grow at a CAGR of more than 3% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global photomask market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global photomask market are elaborated below:
Photomask market in APAC: The growth of the photomask market in APAC is attributable to the concentration of electronics firms, such as Haier, Huawei, Lenovo, LG Electronics, Samsung, Micromax, Oppo, and Sony, who dominate the consumer electronics segment globally. The market for photomasks in APAC is led predominantly by countries such as South Korea, Japan, and Taiwan, which account for around 67% of the overall photomask production in this region. China is another key leading country that has a huge demand for semiconductor components, and it is expected that this would contribute a major market share during the forecast period.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on semiconductor equipment, “Increased support from the Chinese government is boosting the semiconductor market. With the increased domestic production of ICs, there will be a surge in the requirement for photomask as a part of the IC manufacturing.”
Photomask market in the Americas: The proliferation of the global semiconductor manufacturers, such as the Texas Instruments, Global Foundries, and Qualcomm, is the fundamental driving force behind growth of the photomask market in the Americas. Furthermore, the significant presence of the flat panel display (FPD) manufacturers in the Americas along with the high adoption rate of the semiconductor equipment, such as ICs and memory devices like DRAM, is also an incentive for market growth according to the industry analysts at Technavio.
Photomask market in EMEA: The photomask market in EMEA is anticipated to experience substantial growth during the forecast period owing to the growing proliferation of the semiconductor industry in EMEA, especially in Germany. The migration of laborers and attractive manufacturing cost encourages the photomask manufacturers to set up new manufacturing facilities, thereby increasing the demand for photomask inspection equipment in this region.
The leading vendors operating in the global photomask market are:
- Applied Materials
- Dai Nippon Printing
- KLA-Tencor
- Lasertec Corporation
- Photronics
- Toppan Photomasks
Other prominent vendors in the market include Compugraphics Photomask Solutions, HOYA, SK-Electronics, NIPPON FILCON, HTA Photomask, and PKL.
A more detailed analysis is available in the Technavio report titled, ‘Global Photomask Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Inspection Cameras Market 2017-2021
- Global Wire Bonder Equipment Market 2017-2021
- Global Wafer Inspection Equipment Market 2017-2021
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