Competition Among Semiconductor Industry Players Enticing Innovation and Aiding the Growth of the Global Photomask Market
The global photomask market size evaluated to be $3.78 billion and the demand is projected to grow at a CAGR of 4% during the forecast period 2019-2025.
(firmenpresse) - Growing automation in the electronics and semiconductor industry has witnessed significant advancement over a period of time. As the market is witnessing the growth and the adoption of automation, the integration of robotics will predominantly impact the market in the upcoming years. Since the introduction of robotics, the photomask market has been gaining traction among the end-user applications. Robot integration helps in providing a plan for automation, analyzing the system needs, and put the automation in production. The integration of robotics is a way towards automation in the industries, peripherals and assembling machinery into a single frame and work as one unit. It also enables the industrial robots to perform a specific manufacturing task, bring down the expenses, decrease the cycle time, and enhance the quality of the product. Additionally, the adoption of robotics and automation across various end-use applications such as smart manufacturing are growing substantially. Technological advancements along with growing automation in the semiconductor industry are fueling up the growth of the photomask market. Consequently, in 2018, the global photomask market size evaluated to be $3.78 billion and the demand is projected to grow at a CAGR of 4% during the forecast period 2019-2025.
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According to the SEMI, the total semiconductor photomask sales recorded at $4.04 billion in 2018 and is expected to reach $4.2 billion by the end of 2020. Photomask market is experiencing this increase in the sales due to the development of chips coupled with high circuit density, however, the density of the chips is being referred to the number of transistors built into a single chip.
Increasing Technological Advancements Offering Profitable Growth Opportunities
The rising technological advancement is boosting the growth of the photomask market in the semiconductor industry. For transferring circuits and display patterns, the photomask companies are adopting lithography techniques which are surging up the growth of the global photomask market. Additionally, another trend that has flourished amongst the photomask market companies is the short replacement cycle with the rise in the disposable income, which has subsequently spur the sales of consumer electronics.
APAC Holding a Significant Share in Global Market
Moreover, APAC dominated the global photomask market with a regional share of 33% in 2018 with China and South Korea being the leading country. These two countries are witnessing huge demand for semiconductor components. Additionally, the Chinese government has also taken initiatives to increase the domestic production of ICs and to encourage development in the domestic semiconductor industry. Thus, the growing need for photomasking is being fulfilled with a massive production of the ICs in the country.
Furthermore, the photomask market is also growing traction because of the high demand for printed circuit boards. As every new set of circuit diagrams require a newer set of the photomask, the demand for the same is continuously rising and has emerged as the key market application segment. This segment is projected to grow at a CAGR of 5% through to 2025.
Competitive Landscape
The photomask market consists of several major players with high competition. Many companies are introducing new products in order to increase their market presence or entering into strategic mergers and acquisition, joint ventures, and partnerships. The key players dominating the global photomask market are Toppan Photomasks, HTA Photomask, Dai Nippon, KLA-Tencor Corporation, Heidelberg Instruments, HOYA Corporation, LG Innotek Co., Ltd., Nippon Filcon Co., Ltd., Compugraphics Photomask Solutions, and Lasertec Corporation.
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