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Lithography Equipment Market Size

Report ID: GMI7529
Published Date: Nov 2023
Report Format: PDF

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Lithography Equipment Market Size

Lithography Equipment Market was valued at over USD 39.1 billion in 2022 and is anticipated to grow at a CAGR of around 8.1% between 2023 and 2032. The automotive industry is undergoing a significant shift toward electrification. According to the IEA report, the share of electric cars in total sales increased to over 14% in 2022 with over 10 million sales as compared to over 4% in 2020. Major automakers are investing heavily in Electric Vehicle (EV) technology, contributing to the overall rise in demand for semiconductor devices and, consequently, lithography equipment. EVs often incorporate Advanced Driver Assistance Systems (ADAS), which rely on sophisticated sensors and semiconductor components. Lithography equipment is crucial for manufacturing the miniaturized and high-performance sensors and chips used in ADAS, thereby contributing to market growth.

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Lithography equipment is a vital tool in microfabrication, utilizing light or electron beams to transfer patterns from a mask onto a substrate. Essential in semiconductor manufacturing, it precisely creates intricate structures on a microscopic scale, facilitating the production of advanced electronic components and devices in various industries.

Lithography Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2022
Lithography Equipment Market Size in 2022:	USD 39.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.1%
2032 Value Projection:	USD 80 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	349
Segments covered:	Technology, equipment, application, end-use industry
Growth Drivers:	Increasing demand for electrification in vehicles Proliferation of electric vehicles worldwide Rising demand for advanced and miniaturized semiconductor components in consumer electronics Rise of AI and IoT applications Government investments in semiconductor manufacturing
Pitfalls & Challenges:	High initial capital investments Technological challenges and complexity

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The lithography equipment industry requires substantial initial capital investment, particularly for advanced systems such as Extreme Ultraviolet (EUV) lithography. The significant capital investment required for the purchase and installation of lithography equipment can be a barrier for smaller semiconductor manufacturers and may slow down the adoption of cutting-edge lithography equipment.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for lithography equipment surpassed USD 39.1 billion in 2022 and is set to expand at 8.1% CAGR from 2023 to 2032 driven by the rising shift towards electrification across the automotive sector.

Lithography equipment industry from the extreme ultraviolet (EUV) lithography technology segment is likely to expand at over 10% CAGR from 2023 to 2032 due to higher adoption in manufacturing semiconductor devices to offer significantly improved resolution

Asia Pacific accounted for more than 35% revenue share of the lithography equipment market in 2022 and is poised to exhibit robust growth rate through 2032 attributed to the growth of semiconductor manufacturing activities.

Some of the top lithography equipment companies are ASML Holding N.V., Nikon Corporation, Canon Inc., Veeco Instruments Inc., SUSS MicroTec AG, Onto Innovation Inc., and JEOL Ltd.