The market for extreme ultraviolet (EUV) lithography is leading the way in terms of technological developments in semiconductor production. EUV lithography uses ultraviolet wavelengths to etch complex patterns into silicon wafers, allowing for the fabrication of smaller, faster, and more effective microchips. In order to satisfy the constantly rising demands of the consumer electronics, automotive, telecommunications, and data center industries, this state-of-the-art technology is essential. EUV lithography use is growing as the world market for advanced microchips, propelled by breakthroughs such as 5G, IoT, and AI, expands.
Global Extreme Ultraviolet (EUV) Lithography Market Driving Factors and Challenges
Driving Factors: The IoT ecosystem's expanding number of connected devices is driving up demand for semiconductor chips. These chips are crucial to the development of the digital economy since they are used to store, move, and process data in a variety of connected devices. The need for efficient lithography equipment to make semiconductor chips is growing along with the demand for these devices. The need to minimize the size and weight of systems without sacrificing their functionality and dependability is driving a growing demand for the downsizing of electronic components. This has fueled the advancement of 3D-IC technology, the production of which calls for sophisticated lithography equipment. In the future, the market for EUV lithography is anticipated to rise because to the growing demand for smaller components.
Challenges: Due to the high cost of EUV lithography systems, small businesses find it challenging to break into the market. The price comprises the price of the lithography system, the EUV light source, the optics, and the reticles that are utilized during the procedure. Producing EUV light sources is quite challenging and demands specialized equipment. Obtaining EUV light sources is made more challenging by the small number of providers of these components. The EUV lithography market's growth has been significantly impeded by this reason.
Impact of COVID-19 on Global Extreme Ultraviolet (EUV) Lithography Market
The COVID-19 pandemic has had a substantial effect on the supply chain's key players, which has affected the extreme ultraviolet lithography systems market projection for 2020. However, one of the main drivers of market expansion during the COVID-19 epidemic is the increase in demand for Internet of Things solutions across key industries. On the other hand, the COVID-19 epidemic posed a number of challenges that primarily affected the market, including a shortage of competent labor and project delays or cancellations.
Global Extreme Ultraviolet (EUV) Lithography Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as ASML, Canon Inc., Global Foundries, Intel Corporation, Nikon Corporation, NTT Advanced Technology Corporation, Nuflare Technology Inc., SAMSUNG, SUSS Microtec SE, Taiwan Semiconductor Manufacturing Company Limited, Toshiba India Pvt. Ltd., others.
Global Extreme Ultraviolet (EUV) Lithography Market Segmentation:
By Type: Based on the Type, Global Extreme Ultraviolet (EUV) Lithography Market is segmented as; Light Source, Exposure Device.
By Equipment: Based on the Equipment, Global Extreme Ultraviolet (EUV) Lithography Market is segmented as; Masks, Mirrors, Others.
By Application: Based on the Application, Global Extreme Ultraviolet (EUV) Lithography Market is segmented as; Laser Produced Plasma (LPP), Vacuum Sparks, Gas Discharge.
By End-Users: Based on the End-Users, Global Extreme Ultraviolet (EUV) Lithography Market is segmented as; Integrated Device Manufacturers (IDM), Foundry, Memory.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.