NEW YORK, Feb. 24, 2021 /PRNewswire/ -- Amid the COVID-19 pandemic, the global lithography metrology equipment market registered a YOY growth of 6.37% in 2020 and the market is estimated to expand at a CAGR of about 7% during the forecast period. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios. - Free Sample Report will delivered in Minutes
Lithography Metrology Equipment Market: Strong demand for miniaturized electronic devices to drive growth
The rising demand for miniatured electronic products has led major electronic device manufacturers in the market to focus on the development of smaller products that consume less power without compromising on the performance. This has created the demand for smaller IC chips that deliver better performance and consume lesser power. These factors have increased the use of equipment such as photolithography systems to transfer the IC design from a photomask to a silicon wafer that is smaller in size. Therefore, the rising demand for miniatured electronic products is expected to fuel the growth of the market during the forecast period.
Is there any relief during this COVID pandemic? Get More Information here
As per Technavio, the growing automation in automobiles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Lithography Metrology Equipment Market: Growing Automation in Automobiles
The ongoing trend of automation in the automobile industry has increased the use of semiconductor ICs in various applications such as GPS, ABS, power doors and windows, infotainment, and collision detection technology among others. Besides, the growing adoption of EVs and the advent of driverless and smart cars have further increased the applications of semiconductor devices in the automobile industry. The growing demand for semiconductor ICs has triggered the need for new and upgraded semiconductor production equipment from the chip manufacturers, which is positively influencing the growth of the market.
"Increase in wafer size and developments in nanotechnology will further boost market growth during the forecast period", says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Lithography Metrology Equipment Market: Major Vendors
The report covers details on the market's competitive landscape and offers information on the products offered by various companies, including:
- Advantest Corp.
- Applied Materials Inc.
- ASML Holding NV
- Canon Inc.
- Carl Zeiss AG
Lithography Metrology Market: Segmentation Analysis
This market research report segments the lithography metrology equipment market by end-user (Foundry, Memory, and IDMs) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the lithography metrology equipment market in 2020, followed by Europe, MEA, North America, and South America respectively. During the forecast period, APAC is expected to register the highest incremental growth due to the high concentration of major semiconductor device manufacturers in the region.
Technavio's sample reports are free of charge and Gain competitive intelligence about market players. Track key industry trends, opportunities, and threats. Inform your marketing, brand, strategy, and market development. Request a free sample report
Related Reports on Information Technology Include:
Global Discrete Semiconductors Market – Global discrete semiconductors market is segmented by application (consumer electronics, ICT, industrial, and automotive) and geography (APAC, North America, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report
Global Semiconductor Process Control Equipment Market – Global semiconductor process control equipment market is segmented by end-user (memory manufacturers, foundries, and IDMs), type (inspection equipment, metrology equipment, and process control software), and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Some of the key topics covered in the report include:
Market Share by Competitors
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]