According to the latest report by IMARC Group, titled, “Photomask Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“,The global photomask market size reached a value of US$ 4.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.71 Billion by 2027, exhibiting at a CAGR of 4.24% during 2022-2027.
Photomask Market Definition and Application:
A photomask refers to a tool used for transferring images by displaying or writing patterns on a chrome-plated device. Itincludes hard and transparent substrates, such as fused silica and glass,with an opaque surface layer for etching microscopic patterns. The photomasks are placed adjacent to silicon wafers coated with photoresist materials to generate the desired pattern through opaque and transparent regions. They are extensively used for microlithographic processes in micro-electro-mechanical systems and integrated circuits (ICs). In comparison to the traditionally used transistors, photomasks are more compact, accurate and cost-effective.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Photomask Market Trends:
The global photomask market is primarily being driven by the increasing demand for semiconductors for the manufacturing process of electronics, smartphones, wearables and automated systems. Moreover, various product innovations, such as the development of next-generation extreme ultraviolet (EUV) photomasks for advanced semiconductors, are favoring the growth of the market. These novel variants are integrated with driverless automobiles to minimize unwanted reflection of light to the peripheral sections. Other factors, including the increasing adoption of the photomask in the defense industry for improving the existing military and weaponry systems, along with the widespread product utilization in the manufacturing of medical and biomedical products, are creating a positive outlook for the market.
Photomask Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advance Reproductions Corp., Applied Materials Inc., HOYA Corporation, Infinite Graphics Incorporated, KLA Corporation, LG Innotek Co. Ltd, Mycronic AB (publ), Nippon Filcon Co. Ltd., Photronics Inc., SK-Electronics Co. Ltd., Taiwan Mask Corporation and Toppan Printing Co. Ltd.
The report has segmented the market on the basis on product, mask shop type and application.
Breakup by Product:
Breakup by Mask Shop Type:
Breakup by Application: