Growing trend of miniaturization and sophistication to propel the growth of global extreme ultraviolet lithography market from 2018 to 2026
The global extreme ultraviolet lithography market shall witness a staggering 26.8% CAGR during the tenure of 2018 to 2026
ALBANY, New York, March 19, 2020 /PRNewswire/ -- Driven by several parameters the global extreme ultraviolet lithography market is expected to witness a substantial growth during the tenure of 2018 to 2026, says a recent study by Transparency Market Research. According to the study, the market is projected to grow rapidly with CAGR of 26.8% during the tenure. As per the report, the growth of the market is also attributed to growing demand for new and innovative devices such as monitors, smartphones and other consumer electronic gadgets in lieu with growing development of technology ion commercial and domestic sectors. Moreover, the report also states that the market shall rise from US$ 458.3 Mn in 2017 to US$ 3.8 Bn by the end of 2026.
Key Findings in Global Extreme Ultraviolet Lithography Market Study
To offer a 360 degree analysis of the market, the report classifies the surface global extreme ultraviolet lithography market into various segments. These insights from the report allow the players to develop effective strategies to accelerate the growth of their business in global extreme ultraviolet lithography market. The segmentation of the market as per the study is mentioned below:
Under light source category, the laser-produced plasma segment holds the lion share in the global extreme ultraviolet lithography market. The dominance of the segment is the result of growing demand for sophistication and miniaturization of electronic gadgets across the globe.
The integrated device manufacturers or IDM is the largest segment under end-user category. This prominence of segment is attributed to growing technological development across the globe and massive penetration of automation in various verticals of business sector today.
Major Drivers Mentioned in Global Extreme Ultraviolet Lithography Market Study
Adoption of Miniaturization of Circuits to Propel the Growth
The growth of global extreme ultraviolet lithography market is majorly attributed to the rising adoption of miniaturization and sophistication of electronic circuit. These techniques allow the manufacturers to develop new and innovative devices that can enhance portability and mobility of the devices. Also, the conventional argon fluoride (ArF) immersion technology requires expensive multi-patterning mask sets. This technology needs up to four masks to create a silicon wafer layer, while the EUV lithography technology requires only a single mask to create the layer. This factor is likely to augment the extreme ultraviolet lithography market in the next few years.
Penetration of Technologies like IoT and AI to Boost the Growth
With the rise of Industry 4.0, the business sector is developing at the rapid pace. This momentum of the development calls for systems that can handle the data transfer and power surge effectively. With extreme ultraviolet lithography such systems can be easily produced and effectively brought into use. Owing to this benefit the global extreme ultraviolet lithography market is expected to witness a massive growth in forecast period of 2018 to 2026.
Global Extreme Ultraviolet Lithography: Regional Analysis
Asia Pacific is expected to hold the largest share in the global extreme ultraviolet lithography market on regional front. The growth of the region is attributed to the growth of electronic industry in India, China, South Korea, and Taiwan.
South Korea is anticipated to hold the lion's share in the Asia Pacific. This dominance of the country in the region is attributed to the rising number of manufacturers of electronic gadgets in the country.
Analyze extreme ultraviolet lithography market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Competitive Analysis of Extreme Ultraviolet Lithography Market
The global extreme ultraviolet lithography market is highly competitive and equally fragmented. This scenario of the market is the result of growing technological companies that are developing effective solutions for various end-user industries. However, the massive growth potential of the market is attracting several new players to enter the global extreme ultraviolet lithography market but the road to success is not that easy.
The dynamics of global extreme ultraviolet lithography market is dominated by several prominent players. This prominence might hamper the entry of new players in the global extreme ultraviolet lithography market.
To overcome this challenge, the new players are merging and collaborating with various businesses in the global extreme ultraviolet lithography market. These strategies help the players to acquire effective resources that might further help them to sustain the challenging landscape of global extreme ultraviolet lithography market.
The global extreme ultraviolet lithography market is segmented on the basis of:
Global Extreme Ultraviolet Lithography Market, by Light Source
Global Extreme ultraviolet Lithography Market, by End-use
Global Extreme ultraviolet Lithography Market, by Region
Extended Ultraviolet Lithography Market– Extended ultraviolet lithography is a technology which is highly in demand on account of its use for the manufacturing of microprocessors and integrated circuits with wavelength of 13.5 nm. The rising demand for low wavelength devices which are highly powerful is one of the key factors bolstering the demand for extended ultraviolet lithography market.
Ultraviolet (UV) Thermal Processing Market – Ultraviolet (UV) Thermal Processing market has been segmented on the basis of application which includes oxidization, nitration, and annealing and gas flow processing among others. The growth witnessed in the demand for semiconductor devices is expected to positively influence the revenue of Ultraviolet Thermal Processing market during the forecast period.
Ultraviolet Generators Market – Ultraviolet generators market is expected to grow at a high CAGR in the coming years, because of the growing urbanization and advancement in the technology. Ultraviolet generators market has created many opportunities for the manufacturers because of growing R&D centers across the globe. Ultraviolet ozone generators are used for high output shock treatment tools which find its application in industrial sectors.
Ultraviolet Analyzer Market – The increase in demand for physical disinfection using ultraviolet (UV) analyzer technology, growing adoption across the food and beverages industry vertical due to the ability to provide precise measurement, the rising positioning of smart grid and increasing adoption of global ultraviolet analyzer market are some of the factor which are expected to drive the growth of the ultraviolet analyzer.
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About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.