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The lithography metrology equipment market share is expected to increase by USD 707.54 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.35%.
This lithography metrology equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lithography metrology equipment market segmentations by end-user (foundry, memory, and IDMs) and geography (North America, Europe, APAC, South America, and MEA). The lithography metrology equipment market report also offers information on several market vendors, including Advantest Corp., ASML Holding NV, Canon Inc., Carl Zeiss AG, DuPont de Nemours Inc., EV Group, Hitachi Ltd., HORIBA Ltd., KLA Corp., and Nikon Corp. among others.
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The strong demand for miniaturized electronic devices is notably driving the lithography metrology equipment market growth, although factors such as cyclical nature of semiconductor industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lithography metrology equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lithography Metrology Equipment Market Driver
The strong demand for miniaturized electronic devices is a major factor driving the global lithography metrology equipment market share growth. One of the major transformations in the global semiconductor industry is the emergence of miniaturized semiconductor components such as ICs. The demand for miniaturized electronic devices has increased significantly. Manufacturers focus on reducing the size of devices without compromising their performance. Nanolithography systems play an important role in such a case. The equipment used, such as photolithography systems, needs to transfer the IC design from a photomask to a silicon wafer that is smaller in size. With the miniaturization of electronic devices, the use of optimized and miniaturized electronic circuits made of semiconductor materials has increased. This helps in keeping the structure small while delivering the same, if not better, performance. This has led to the emergence of Micro-Electro-Mechanical Systems (MEMS) and 3D chip packaging. Furthermore, ICs have become denser due to the additional transistors being added without occupying any extra space, which creates the need for finer patterning. The demand for miniaturized ICs will grow with the evolution of consumer electronics, which, in turn, will drive the growth of the global LME market.
Key Lithography Metrology Equipment Market Trend
The increase in wafer size is another factor supporting the global lithography metrology equipment market share growth. Over the last four decades, the semiconductor industry has witnessed an increase in the size of silicon wafers from 100 mm to 300 mm. The shift to wafers with a larger diameter reduces the cost of manufacturing semiconductor ICs by 20%-25%. Currently, the semiconductor industry is primarily using 300 mm wafers for manufacturing ICs. The trend is expected to continue during the forecast period, as companies are spending heavily on upgrading their existing facilities and undertaking the construction of news fabs for the manufacturing of 300 mm wafers. This will positively impact the demand for nanolithography equipment during the forecast period, thereby positively influencing the growth of the market.
Key Lithography Metrology Equipment Market Challenge
The cyclical nature of semiconductor industry will be a major challenge for the global lithography metrology equipment market share growth during the forecast period. The cyclicity of the semiconductor industry makes it highly volatile. Some examples of downturns that affect the market drastically are excess production capacity, obsolete products, and rapid price erosion of ICs. High fluctuations often lead to excess inventory levels in times of low demand and low inventory levels in times of high demand. As the demand for semiconductor ICs increases, the need for semiconductor equipment also increases. The nature of the cyclicity of the semiconductor industry makes it difficult to forecast the demand for ICs. Hence, orders for EUV lithography systems can be placed once there is a foreseeable increase in ICs by semiconductor foundries. With semiconductor IC node sizes changing every two years, there are chances of this equipment becoming obsolete, and therefore, will become a loss for lithography system vendors. Therefore, there will be a decline in revenue, which will limit the growth of this market.
This lithography metrology equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global lithography metrology equipment market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lithography metrology equipment market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the lithography metrology equipment market encompasses successful business strategies deployed by the key vendors. The lithography metrology equipment market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lithography metrology equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the lithography metrology equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global semiconductor equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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