Global Laser Photomask Market Top Major Players 2024, Forecast To 2033
10 Oct, 2024
The laser photomask market size has also shown consistent growth in recent years, increasing from $3.55 billion in 2023 to $3.69 billion in 2024, which translates to a CAGR of 4.0%. This historic growth can be linked to rising demand for miniaturized electronics, the expansion of the consumer electronics market, increasing demand for high-performance computing, and the growing need for semiconductors. Anticipating future growth, the laser photomask market is expected to reach $4.33 billion in 2028 at a CAGR of 4.1%. This forecasted growth is driven by the demand for high-resolution displays, the rise of Internet of Things (IoT) devices, growing interest in wearable technology, the expansion of cloud computing services, and the increasing adoption of augmented reality (AR) and virtual reality (VR). Major trends in this forecast period include advancements in driverless car technology, innovations in advanced computing equipment, the development of EUV lithography, AI integration, and overall technological advancements.
Major Driver In The Laser Photomask Market
The rising demand for semiconductors is anticipated to fuel the growth of the laser photomask market. Semiconductors, known for their intermediate electrical conductivity, are crucial for powering electronic devices due to their controllable conductivity and band structure. The growing need for semiconductors stems from their integral role in advancing electronics, enabling faster processing, and driving innovation across various technological sectors. Laser photomasks are utilized in semiconductor manufacturing to project intricate circuit patterns onto semiconductor wafers, facilitating precise etching and patterning of integrated circuits during photolithography. For example, in July 2024, the Semiconductor Industry Association reported that sales in the semiconductor industry reached $49.1 billion in May 2024, reflecting a 19.3% increase from $41.2 billion in May 2023. Consequently, the increasing demand for semiconductors is propelling the laser photomask market forward.
Request A Free Sample Of The Laser Photomask Market ReportLaser Photomask Market Competitive Landscape
Major companies operating in the laser photomask market are Canon Inc., Applied Materials Inc., LG Innotek Co. Ltd., Toppan Printing Co. Ltd., KLA-Tencor Corporation, Dai Nippon Printing Co. Ltd., Hoya Corporation, Photronics Inc., Lasertec Corporation, Mycronic AB, SÜSS MicroTec Photomask Equipment GmbH, Taiwan Mask Corporation , Nippon Filcon Co. Ltd., SK-Electronics Co. Ltd., Vistec Electron Beam GmbH, Compugraphics, Heidelberg Instruments Mikrotechnik GmbH, HTA Photomask, Infinite Graphics Incorporated, Shin-Etsu MicroSi Inc.
Key Laser Photomask Market Trend
Major companies in the laser photomask market are concentrating on developing innovative solutions, such as mask edge inspection systems, to improve accuracy and performance. These specialized tools are utilized in the semiconductor and photomask industries to ensure the precision and quality of photomasks used in integrated circuit (IC) fabrication. For instance, in June 2021, Lasertec Corporation, a Japan-based manufacturer of photomask inspection systems, introduced the MZ100 mask edge inspection system. This system enhances quality and yield in semiconductor photomask production by enabling high-sensitivity inspections of extreme ultraviolet (EUV) and deep ultraviolet (DUV) masks. It is equipped with advanced confocal optics for precise measurement and defect detection on the side face and bevel sections of masks, addressing critical manufacturing needs. The MZ100 supports semiconductor manufacturers in achieving higher yields and improved quality in response to the growing demand for advanced integrated circuits.
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Global Laser Photomask Market Segmentation
The laser photomask market covered in this report is segmented –
1) By Type: Reticles, Masters
2) By Trade Type: Captive, Merchant
3) By Application: Chip, Liquid Crystal Display, Printed Circuit Board
By Geography:The regions covered in the laser photomask market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the laser photomask market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Laser Photomask Global Market Report 2024 furnishes information about the global laser photomask market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.