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Global Photomask Market to reach USD 5.4 billion by the end of 2030.

Global Photomask Market Size study & Forecast, by Product (Reticle, Master Mask, and Others), by Mask Shop Type (Captive Mask and Merchant Mask), by Application (Optical Devices, Discrete Components, Displays, MEMS, and Others) and Regional Analysis, 2023-2030

Product Code: ICTNGT-79689510
Publish Date: 20-12-2023
Page: 200

Global Photomask Market is valued at approximately USD 4.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.5% over the forecast period 2023-2030. Photomasks are image-transfer tools used in microlithography and integrated circuits. They consist of solid, transparent substrates with an opaque surface covering. As transistors become smaller and more advanced, photomasks are increasingly vital for accurately transferring patterns to silicon wafers. The Photomask Market is expanding because of factors such as rising demand for consumer electronics and an increase in demand for semiconductors.

The consumer electronics market is experiencing significant growth due to the critical role of semiconductors in modern electronics manufacturing. The rising demand for consumer devices such as smartphones, notebooks, and wearables further drive this market expansion. According to Statista in 2023, the global revenue in the consumer electronics market is expected toincrease by USD 125.5 billion from 2023 to 2028, reaching an estimated revenue of USD 1.2 trillion in 2028. The semiconductor industry has experienced remarkable growth over the past few years, due to the emergence of technologies such as IoT, cloud computing, data analytics, and AI. According to Statista, global semiconductor sales reached USD 580.13 billion in 2022. The industry recorded a year-on-year growth rate of 4.4 % in the same year. In addition, technological advancements in photomask manufacturing and the rising demand for advanced panel displays would create lucrative growth opportunities. However, the high cost associated with photomask manufacturing and the complexity of photomask fabrication stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Photomask Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market over the forecast period owing to the high concentration of semiconductor and electronics industries. The region’s market growth is driven by the increased demand for advanced photomasks used in applications such as ICs, flat panel displays, and MEMS devices. Asia Pacific is the fastest growing region over the forecast period, owing to factors such as increasing demand and consumption of photomasks in the semiconductor industry and the growing adoption of advanced technologies such as 5G, artificial intelligence, and IoT contributes to the expansion of the Photomask Market in this region.

Major market player included in this report are:
Applied Materials, Inc.
SK-Electronics Co., Ltd.
Photronics, Inc.
Toppan Chunghwa Electronics Corporation
Infinite Graphics Incorporated
NIPPON FILCON CO., LTD.
HOYA Corporation
Lasertec Corporation
Taiwan Photomask Co., Ltd.
Shenzhen Qingyi Photomask Limited

Recent Developments in the Market:
Ø In September 2022, The goal of the partnership between EV Group (EVG) and Toppan Photomask Co. Ltd. Ltd. is to advance nanoimprint lithography as a high-volume manufacturing technology for the photonics industry. Through this partnership, we hope to make NIL the industry standard for photonics manufacturing and hasten its adoption in HVM for a range of uses, such as medical imaging systems, smartphone and car sensors, and augmented/mixed/virtual reality headsets.

Global Photomask Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Mask Shop Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Reticle
Master Mask
Others

By Mask Shop Type:
Captive Mask
Merchant Mask

By Application:
Optical Devices
Discrete Components
Displays
MEMS
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Photomask Market, by Region, 2020-2030 (USD Billion)
1.2.2. Photomask Market, by Product, 2020-2030 (USD Billion)
1.2.3. Photomask Market, by Mask Shop Type, 2020-2030 (USD Billion)
1.2.4. Photomask Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Photomask Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Photomask Market Dynamics
3.1. Photomask Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising demand for consumer electronics
3.1.1.2. Increase in demand for the semiconductors
3.1.2. Market Challenges
3.1.2.1. High cost associated with photomask manufacturing
3.1.2.2. Complexity in photomask fabrication
3.1.3. Market Opportunities
3.1.3.1. Technological advancements in photomask manufacturing
3.1.3.2. Rising demand for advanced panel displays
Chapter 4. Global Photomask Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Photomask Market, by Product
5.1. Market Snapshot
5.2. Global Photomask Market by Product, Performance – Potential Analysis
5.3. Global Photomask Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Photomask Market, Sub Segment Analysis
5.4.1. Reticle
5.4.2. Master Mask
5.4.3. Others
Chapter 6. Global Photomask Market, by Mask Shop Type
6.1. Market Snapshot
6.2. Global Photomask Market by Mask Shop Type, Performance – Potential Analysis
6.3. Global Photomask Market Estimates & Forecasts by Mask Shop Type 2020-2030 (USD Billion)
6.4. Photomask Market, Sub Segment Analysis
6.4.1. Captive Mask
6.4.2. Merchant Mask
Chapter 7. Global Photomask Market, by Application
7.1. Market Snapshot
7.2. Global Photomask Market by Application , Performance – Potential Analysis
7.3. Global Photomask Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Photomask Market, Sub Segment Analysis
7.4.1. Optical Devices
7.4.2. Discrete Components
7.4.3. Displays
7.4.4. MEMS
7.4.5. Others
Chapter 8. Global Photomask Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Photomask Market, Regional Market Snapshot
8.4. North America Photomask Market
8.4.1. U.S. Photomask Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. Mask Shop Type breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Photomask Market
8.5. Europe Photomask Market Snapshot
8.5.1. U.K. Photomask Market
8.5.2. Germany Photomask Market
8.5.3. France Photomask Market
8.5.4. Spain Photomask Market
8.5.5. Italy Photomask Market
8.5.6. Rest of Europe Photomask Market
8.6. Asia-Pacific Photomask Market Snapshot
8.6.1. China Photomask Market
8.6.2. India Photomask Market
8.6.3. Japan Photomask Market
8.6.4. Australia Photomask Market
8.6.5. South Korea Photomask Market
8.6.6. Rest of Asia Pacific Photomask Market
8.7. Latin America Photomask Market Snapshot
8.7.1. Brazil Photomask Market
8.7.2. Mexico Photomask Market
8.8. Middle East & Africa Photomask Market
8.8.1. Saudi Arabia Photomask Market
8.8.2. South Africa Photomask Market
8.8.3. Rest of Middle East & Africa Photomask Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Applied Materials, Inc.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. SK-Electronics Co., Ltd.
9.3.3. Photronics, Inc.
9.3.4. Toppan Chunghwa Electronics Corporation
9.3.5. Infinite Graphics Incorporated
9.3.6. NIPPON FILCON CO., LTD.
9.3.7. HOYA Corporation
9.3.8. Lasertec Corporation
9.3.9. Taiwan Photomask Co., Ltd.
9.3.10. Shenzhen Qingyi Photomask Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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